A
Ani_Ibi
Guest
U.S. eyeing Alberta oilsands
According to data obtained by the Reuters news agency, the U.S. Energy Information Administration estimates America’s oil imports from Canada will almost double by 2025, from 1.6 million barrels a day to 2.7 million barrels a day.
The vast majority of that increased production will come from Alberta’s oilsands, which are expected to produce as much as three million barrels a day by 2020… In October, Utah Senator Orrin Hatch said Canada was poised to surpass Saudi Arabia as “the world’s oil giant” in the 21st century.
Alberta’s oilsands hold an estimated 175 billion barrels of recoverable oil, second only to Saudi Arabia in terms of overall reserves.
U.S. Vice-President Dick Cheney had planned to visit Fort McMurray – the hub of Alberta’s oilsands production – last September but postponed the trip because of the Hurricane Katrina crisis. Officials with the Canadian embassy in Washington say they are trying to reschedule the visit.