Canadian Oil Sands are the World Largest Free-Market Source of Hydrocarbons, Reports Visiongain27 Feb 2013 • by Natalie Aster
Oil sand companies have been innovating new ways for extraction of oil from bituminous resources over the past few decades. Only since 2000 did oil production from oil sand resources become a viable option and as international oil prices have risen ever since, extraction of oil through steam injection and mining has become financially profitable.
The Canadian oil sands are the largest free-market source of hydrocarbons in the world and are the third largest oil resources after Venezuela and Saudi Arabia. The estimated recoverable oil from the Canadian oil sands is between 169-174 billion barrels and unlike other regions of the world, Canadian and US governments have raised few national barriers to control these resources. The future growth of oil sand production is influenced by a number of factors such as the price of Canadian crude oil, the capacity of pipelines out of Alberta and access to other export infrastructure such as railways and shipping routes to international markets.
The North American Oil Sands Market 2013-2023
Published: February, 2013
Price: US$ 2,738.00
“The North American Oil Sands Market 2013-2023” report by Visiongain looks into opportunities, threats and regulations that will shape the oil sands market over the coming years. It discusses the factors shaping the market such as technological improvements, while also look at challenges such as that from environmental opposition. Visiongain reports on the development of the North American oil sands market with an open mind and portrays this industry according to the facts and figure only.
More information can be found in the report “The North American Oil Sands Market 2013-2023” by Visiongain.
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