Suncor's oil sands business recovers bitumen through surface mining and steam injection technologies and upgrades it into refinery-ready crude oil products. 6 Sep 2009 Extracting the oil mixed into the sand of Canada is expensive, energy-intensive, and profoundly polluting, but its strategic advantages are also Rank. Company. Reserves (in millions of barrels). 1. Suncor Energy. 10,935.35. 2 . Canadian Natural Resources (CNRL). 6,867.53. 3. Cenovus Energy. 5,613.97. sector (extraction and upgrading of resources) pro- vided by Natural Resources Canada (2006). As shown, emissions from the oil sands were less than.
22 Sep 2009 To fully understand the costs and benefits of the oil sands requires more than an appreciation of the size of the resource and the financial 10 Jun 2011 GELLERMAN: There are billions of tons of oil locked in the vast tar sands of Alberta, Canada. Much of the oil soaked sand is owned by China, but 22 May 2009 The reality of the oil sands in the international energy and climate picture Imposing immediate costs on oils sands producers will only benefit 7 Feb 2011 Having oil or gas reserves, such as Canada's tar sands, often brings a questionable benefit to the producer nation's economy or society as a
sector (extraction and upgrading of resources) pro- vided by Natural Resources Canada (2006). As shown, emissions from the oil sands were less than. 30 Jan 2020 Cash-rich oil sands producers are planning to spend more to boost these companies were well positioned to benefit from low cost oil. The ill
Alberta's oil sands' proven reserves equal about 165.4 billion barrels (bbl). Crude bitumen production (mined and in situ) totalled about 2.8 million barrels per day ( 24 Oct 2012 The Conference Board of Canada said in a new study that nearly a third of the economic benefits of oil sands investment between 2012 and These assurances provide long-term social benefit, and support the sustainability of both the economy and the energy supply. Page 3. 11.3 Historical perspective. 1.1 What are the tar sands? Page 20. 1.2 History. Page 21. 1.3 Production. Page 23. 1.3.1 Scale of Production. Page 25. 1.4 Benefits of Tar Sand Production. rights of Canadian indigenous peoples. Producing a barrel of synthetic crude oil from tar sands emits at least three times the global warming pollution as pro-. The Athabasca oil sands in the province of Alberta make up the largest next 10 to 15 years will be able to fully benefit from the operating experience of others. The oil sands represent a large supply of potentially recoverable oil and, like all oil, its key advantage is its energy density. The synthetic crude oil created through
The oil sands’ benefits. From an economic perspective, Canada currently stands out among its OECD peers. On a relative basis, we have not looked this strong in more than a generation, although it is by no means a given that we will retain this superior economic performance, with so many obstacles facing our historical trading partners. Enormous GHG emissions. Oil sands are already Canada’s largest source of CO2 emissions. Relatively low net energy return compared to other sources Other advantages of oil sands are the technology development and the fact that it can be converted into crude oil without changing the energy producing system. Technology today is able to process oil sands to make useful energy, and further development in the future will allow us to expand production. Oil energy is a commodity. Because oil energy is a commodity, it can become an investment vehicle. Retirement programs, private investors, and other savings resources can invest into oil energy and build wealth for others. It isn’t just the companies and governments that can profit from oil energy, Pros-The oil sands have made Canada the Number One foreign supplier of oil to the U.S. This has become a major factor in the close economic partnership shared by the two countries.-The oil sands provide Canada with a relatively secure source of energy. There are two different methods of producing oil from oil sands: open-pit mining and in situ. Bitumen that is close to the surface (less than 75 metres) is mined. Approximately 20% of oil sands are recoverable through open-pit mining. Bitumen is extremely thick and too heavy to flow or be pumped,