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Oil (Oil Sands) Mining

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State Of The Industry Review: Oil Sands Mining
By Peter Budgell - April 2006
Once a footnote in the story of world oil production, Canada's oil sands are part of the solution to declining conventional oil reserves elsewhere in the world. Canada has over 170 billion barrels of oil recoverable with today's technology, making it second only to Saudi Arabia as an oil resource country. There are an estimated 2.5 trillion barrels of bitumen in the Canadian resources and it is possible to produce 2.5 million barrels of oil per day for over 200 years. That is more than enough to supply all of Canada's needs and make a significant contribution to America, China and other oil importers for generations to come.

Read the Canadian Oil Sands Industry Review

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