Tuesday, February 22, 2011

Oil Sands

Did you know Canada.. Canada produces more oil than it needs - Canada's proven crude oil reserves are only second to Saudi Arabia. Although CNN has reported via WikiLeaks that Saudi Arabia's estimates may have been exaggerated: view report on CNN here. Almost all of the surplus is exported to the USA at nearly 1.4 million barrels of oil per day.

The oil sands are located in three major areas in northeast Alberta. Beautiful Fort McMurray is the largest city serving the oil sands region.

Source: CNN, Gas and Oil, EIA, oilsands.alberta.ca

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