Oilsands an emerging global growth star

[ChrisRichards]

As oil leaps towards a new landmark high of $100 US a barrel, the world`s top investor-owned producer, ExxonMobil, has singled out Alberta as an emerging global star of production growth. Output expected to quadrupple by 2030.


http://www.canada.com/edmontonjournal/news/business/story.html?id=85956f5e-a185-4768-9072-4efe37bd102e

 

[ChrisRichards]

Here`s what the U.S. is facing up to for its thirst for oil

21-Nov-07 OTTAWA — In a massive new multivolume report on energy strategy in the United States, a high-powered federal task force puts "peak oil" into perspective.

"North American oil shale and [oil] sands alone far exceed all the remaining proven and undiscovered oil resources of the entire world," the task force reports. "They represent 3.5 trillion barrels of oil resources. America`s commercial-quality oil shale resources alone exceed two trillion barrels. This shale can be processed to generate ultraclean, high-quality diesel and jet fuels, along with high-value chemicals - with existing technologies under normal economic conditions." (I think "America`s commercial-quality..." means Canada`s

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