As oil leaps towards a new landmark high of $100 US a barrel, the world`s top investor-owned producer, ExxonMobil, has singled out Alberta as an emerging global star of production growth. Output expected to quadrupple by 2030.
Here`s what the U.S. is facing up to for its thirst for oil
21-Nov-07 OTTAWA — In a massive new multivolume report on energy strategy in the United States, a high-powered federal task force puts "peak oil" into perspective.
"North American oil shale and [oil] sands alone far exceed all the remaining proven and undiscovered oil resources of the entire world," the task force reports. "They represent 3.5 trillion barrels of oil resources. America`s commercial-quality oil shale resources alone exceed two trillion barrels. This shale can be processed to generate ultraclean, high-quality diesel and jet fuels, along with high-value chemicals - with existing technologies under normal economic conditions." (I think "America`s commercial-quality..." means Canada`s
