softball
03-13-2008, 03:29 AM
Canada's proven oil reserves were estimated at 179.2 billion barrels as of 2007 (http://en.wikipedia.org/wiki/As_of_2007), placing it second only to Saudi Arabia (http://en.wikipedia.org/wiki/Saudi_Arabia).[8] (http://en.wikipedia.org/wiki/Oil_reserves#_note-5) Over 95% of these reserves are oil sands (http://en.wikipedia.org/wiki/Oil_sands) deposits in the province of Alberta (http://en.wikipedia.org/wiki/Alberta). [9] (http://en.wikipedia.org/wiki/Oil_reserves#_note-EIACAN) Although Alberta contains nearly all of Canada's oil sands and about 75% of its conventional oil reserves, several other provinces and territories, especially Saskatchewan (http://en.wikipedia.org/wiki/Saskatchewan) and offshore Newfoundland (http://en.wikipedia.org/wiki/Newfoundland_and_Labrador), have substantial oil production and reserves.[10] (http://en.wikipedia.org/wiki/Oil_reserves#_note-6) Total Canadian oil production was about 1.2 gigabarrels in 2006, giving Canada about 150 years of reserves at current production rates. Over 99% of Canadian oil exports are sent to the United States, making Canada, not Saudi Arabia, the United States' largest supplier of oil.[11] (http://en.wikipedia.org/wiki/Oil_reserves#_note-7) The picture is complicated somewhat by the fact that Canada has a highly sophisticated energy industry and is both an importer and exporter of oil and refined products. In 2006, in addition to producing 1.2 gigabarrels, Canada imported 0.44 gigabarrels, consumed 0.8 gigabarrels itself, and exported 0.84 gigabarrels to the U.S.[9] (http://en.wikipedia.org/wiki/Oil_reserves#_note-EIACAN) The excess of exports over imports was 0.4 gigabarrels.
The addition of 174 gigabarrels of the vast Alberta oil sands deposits, mostly in the Athabasca Oil Sands (http://en.wikipedia.org/wiki/Athabasca_Oil_Sands), to proven reserves by the Alberta Energy and Utilities Board (http://en.wikipedia.org/wiki/Alberta_Energy_and_Utilities_Board) (AEUB),[12] (http://en.wikipedia.org/wiki/Oil_reserves#_note-AEUB_ST98) was controversial at the time because oil sands contain a semisolid form of oil referred to as bitumen (http://en.wikipedia.org/wiki/Bitumen) by Canadian government authorities, rather than conventional crude oil.[12] (http://en.wikipedia.org/wiki/Oil_reserves#_note-AEUB_ST98). The existence of the deposits (historically referred to as "tar sands") has been known for centuries since major rivers cut through the sands to reveal the bitumen in the river banks, but their development had to wait for high prices and the invention of new technology. In recent years technological breakthroughs have overcome the challenges of producing it and most Alberta oil is now non-conventional production from oil sands rather than conventional oil fields. The AEUB estimates that by 2016 Alberta oil sands production will triple to amount to 86% of the province's total oil production, and Alberta will by then be one of the largest oil producers in the world.[12] (http://en.wikipedia.org/wiki/Oil_reserves#_note-AEUB_ST98)
We have enough oil to drive this entire continent for two to four hundred years. That is driving Hummers,Vipers, Vettes and anything else you feel like driving. The only reason you can access this is NAFTA. Personally, I hope they kill Nafta and we can sell our oil where we want. Oh yeah...and Alaska? Forget about it, it still has to come through Canada. You guys better start lobbying to free up thiis border soon, or this nice deal we have will fall apart and your gas prices will skyrocket. Some say to 8 dollars a gallon. Damn I love living in Canada.
The addition of 174 gigabarrels of the vast Alberta oil sands deposits, mostly in the Athabasca Oil Sands (http://en.wikipedia.org/wiki/Athabasca_Oil_Sands), to proven reserves by the Alberta Energy and Utilities Board (http://en.wikipedia.org/wiki/Alberta_Energy_and_Utilities_Board) (AEUB),[12] (http://en.wikipedia.org/wiki/Oil_reserves#_note-AEUB_ST98) was controversial at the time because oil sands contain a semisolid form of oil referred to as bitumen (http://en.wikipedia.org/wiki/Bitumen) by Canadian government authorities, rather than conventional crude oil.[12] (http://en.wikipedia.org/wiki/Oil_reserves#_note-AEUB_ST98). The existence of the deposits (historically referred to as "tar sands") has been known for centuries since major rivers cut through the sands to reveal the bitumen in the river banks, but their development had to wait for high prices and the invention of new technology. In recent years technological breakthroughs have overcome the challenges of producing it and most Alberta oil is now non-conventional production from oil sands rather than conventional oil fields. The AEUB estimates that by 2016 Alberta oil sands production will triple to amount to 86% of the province's total oil production, and Alberta will by then be one of the largest oil producers in the world.[12] (http://en.wikipedia.org/wiki/Oil_reserves#_note-AEUB_ST98)
We have enough oil to drive this entire continent for two to four hundred years. That is driving Hummers,Vipers, Vettes and anything else you feel like driving. The only reason you can access this is NAFTA. Personally, I hope they kill Nafta and we can sell our oil where we want. Oh yeah...and Alaska? Forget about it, it still has to come through Canada. You guys better start lobbying to free up thiis border soon, or this nice deal we have will fall apart and your gas prices will skyrocket. Some say to 8 dollars a gallon. Damn I love living in Canada.