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Old Jun 9, 2008 | 12:58 PM
  #39 (permalink)  
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Kurts
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Joined: Sep 2006
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From: N.E. Wisconsin
Default Re: Gas Crisis in the Late 70's

Originally Posted by CrossfireRSSS
I saw a special on I think it was 20/20 about Canadian Oil Sands...very interesting:
The Athabasca Oil Sands are a large deposit of oil-rich bitumen, or extremely heavy crude oil, located in northern Alberta, Canada. These oil sands consist of a mixture of crude bitumen (a semi-solid form of crude oil), silica sand, clay minerals, and water. The Athabasca deposit is the largest of three major oil sands deposits in Alberta, along with the nearby Peace River and Cold Lake deposits. Together, these oil sand deposits cover about 141,000 square kilometres (54,000 sq mi) of sparsely populated boreal forest and muskeg (peat bogs) and contain about 1.7 trillion barrels (270×109 m3) of bitumen in-place, comparable in magnitude to the world's proven reserves of conventional petroleum.
With current technology about 10% of these deposits, or about 170 billion barrels (27×109 m3) are considered to be economically recoverable at current prices, giving Canada oil reserves second in the world only to Saudi Arabia. The Athabasca deposit is the only large oil sands reservoir which is suitable for surface mining.[1]
Sweet!
I stand corrected!
All I do know is that Russia's supplies aren't locked up in "sands" but are actual subsurface deposits similar to Arabia's.
Do any of us know whether or not Canada is beginning to exploit these deposits?
 
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