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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Win Smith who wrote (50930)	10/10/2002 5:58:28 PM
From: Eashoa' M'sheekha	Respond to of 281500

More OIL OIL OIL Info Stuffffffff. [ Win And Karen :A little more info on the Canadian Oil - Tar Sands Picture.Yes, we did have some discussion on this about the same time last year,if memory serves.It was related to ( you know what )and the alternatives at the time. I think this attempt to put these reserves " officially on the books ", may be part of a broader attempt to educate/inform the World/US of the vast potential that exists here in " Canuckestan ".<GGG> Maybe when people become aware of this, they will start asking the same questions and making the same observations we have been.] ********************************************************* Once separated, bitumen can be upgraded into a high-quality oil called "synthetic crude." One of the largest synthetic crude producers, Syncrude (a joint venture of Alberta Energy, Canadian Oil Sands Investments Inc., Conoco, Imperial, Mocal Energy, Murphy Oil, Nexen, and Petro-Canada), reported an average production cost of about $11.50/bbl in 2001. Canada holds around 2 trillion barrels of oil sands. The Athabasca Oil Sands deposit, in northern Alberta, is one of the two largest oil sands deposits in the world (the other is in the Orinoco Belt, Venezuela). There are also oil sands deposits on Melville Island, in the Canadian Arctic, and there are three smaller deposits in northern Alberta. Current output of synthetic crude and bitumen is estimated at 600,000 bbl/d. According to the Canadian government, synthetic oil and bitumen production is expected to reach 1.2 million bbl/d by 2010.** eia.doe.gov North America The Energy Picture. In 2000, about 36 percent of total U.S. net energy imports came from Canada (27 percent) and Mexico (9 percent). Canada provided almost all United States net natural gas imports in 2000. These imports accounted for about 15 percent of U.S. gas consumption in 2000. U.S. net oil imports from Canada and Mexico accounted for about 26 percent of U.S. net oil imports, and about 15 percent of total U.S. oil consumption in 2000. The United States exported a small amount of natural gas and refined petroleum products to Mexico. The United States electricity net imports meet about 1 percent of its electricity demand. Almost all electricity imports come from Canada. Mexico and the United States trade relatively small quantities of electricity. The United States is a net exporter of electricity to Mexico. eia.doe.gov