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A Critical Analysis of the Alberta Oil Sands

Member rating: No Rating | Words: 7176 | Submitted: Sat Mar 01 2008

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TABLE OF CONTENTS EXECUTIVE SUMMARY 3 TECHNOLOGY AND TECHNICALITIES 4 OVERVIEW 4 THE TECHNICALITIES 4 R&D, CAPITAL EXPENDITURE AND CANADIAN INITIATIVES 5 CONCLUSIONS 7 THE INTERNATIONAL SCENE 7 OVERVIEW 7 RELATIONSHIP WITH THE U.S.A. 8 RELATIONSHIP WITH CHINA 9 CONCLUSIONS 10 GOVERNMENT'S PERSPECTIVE 11 OVERVIEW 11 GOVERNMENT REVENUES 11 SOCIAL IMPROVEMENTS 12 ECOLOGICAL LOSSES 13 CONCLUSIONS 14 ECONOMIC IMPACT 15 OVERVIEW 15 A BOOM IN THE WEST 15 ISSUES AND CONCERNS 16 CONCLUSIONS 18 ALTERNATIVE ENERGY SOURCES 19 OVERVIEW 19 ALTERNATIVE ENERGY OF TODAY AND TOMORROW 20 THE CURRENT MARKET 21 CONCLUSIONS 22 OVERALL CONCLUSION 23 APPENDIX A 25 APPENDIX B 26 WORKS CITED 27 EXECUTIVE SUMMARY Buried deep within the ground surrounding once unknown towns lies the future of an entire province and potentially an entire country. The methodology to extract this "black gold" was once a procedure that was deemed far too costly. As Hurricane Katrina hit, and oil prices skyrocketed, the attention of some of the world's economic superpowers became focused on the baron plains of Alberta. Stored in the tarlike sands are an estimated 174 billion barrels of recoverable crude oil, which represents a staggering 95% of Canada's oil reserves. To put this number into an international scope, this places Canada second only to Saudi Arabia in terms...

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