Canadian oil sands pdf

American empire and the canadian oil sands pdf,, download ebookee alternative reliable tips for a best ebook reading experience. The study also finds that for every two jobs created in canada from. North american petroleum demand by scenario figure iv5. As the rising price of oil has made extraction from canadian 2 tar sands profitable, u. The resource endowment places canada second only to saudi arabia. A primer on the canadian oil sands energy policy research. February 2016 the future of the canadian oil sands. Communities, especially those living downstream, have expressed interest in effective and strong watershed protection. With modern unconventional oil production technology, at least 10% of these deposits, or about 170. Third, oil sands deposits decline more slowly 4% decline per year than those of conventional oil 20% per year, allowing these deposits to last longer e.

Each year the canadian energy research institute ceri publishes its longterm view for canadian oil sands supply costs and production. With oil extraction from the oil sands already one of the higher cost. The shortterm damage for canadian oil sands operators will come in the form of substantial financial losses and production reductions. The cost of building and operating oil sands projects has fallen in recent years and total oil production is expected to rise by another 1 million bd by 2030, but external factorssuch as price.

Growth potential of a unique resource amidst regulation, egress, cost, and price uncertainty 5 preface this research was conceived with two central objectives. November 22, 2016 canadas oil sands have long been criticized for their large carbon footprint. The future of the canadian oil sands oxford institute for energy. Canadas oil sands are located in alberta, and unlike conventional crude oil, the oil sands come in the form of bitumen, a heavy, thick, and viscous substance. The canadian oil sands council on foreign relations. The canadian oil sands are a mixture of sand, clay, and bitumen, a highly dense and viscous tarlike form of petroleum. Oil sands are actually found all over the world, and are sometimes referred to as tar sands or bituminous sands. Western canadian crude oil supply, markets, and pipeline. The canadian oil sands a massive but emissionsintensive source of oil presents policymakers with precisely such a. This article has discussed key issues in the economics of canadian oil sands. Even though oil sands deposits can be found around the world, including russia, venezuela, the united. Because of their long lifespan and the consequently lower sensitivity to short. Canadian oil sands development benefits all canadians by providing needed energy, stimulating economic growth and generating significant revenues for governments.

There has been a lot of talk in recent years surrounding the fight against climate change, but little in the way of a comprehensive strategy. Canadian oil sands supply costs and development projects. North american liquid fuel demand and wti crude oil price path figure iv4. A decision by europe not to buy canadian oil is not a decision to consume less oil, but merely not to buy that oil from canada. Alex d charpentier 1, joule a bergerson 2 and heather l maclean 1,3,4. The canadian oil sands industry the oil sands deposits in canada are a major source of crude oil, but, unlike conventional oil, it is in the form of a heavy oil. New technology and innovation are critical to developing the oil sands and improving environmental performance. Canadian oil sands have long been recognized as one of the worlds largest endowments of oil resources with over 170 billion barrels in place.

Although a new refinery has not been built in the united states for over 30 years, five new refineries are currently under consideration. If you want a sense of how important oil sands royalties have been for albertas finances, consider this. The value of the canadian oil sands to the united states. Expanding oil sands production beyond current levels could increase global emissions by 50 to 150 million tonnes co 2 annually by 2030. Introduction 1 under subsection 262 of the national energy board act neb act, the minister can request the neb to provide advice on energy matters, including advice relating to the export prices of oil and gas. Canadian oil sands limited was a canadian company that generates income from its oil sands investment in the syncrude joint venture. Compression behavior of canadian oil sands article pdf available in journal of geotechnical and geoenvironmental engineering 96. In 2018 about 63% of canadas crude oil production was from the oil sands. This is the twelfth edition of eris oil sands supply cost and development projects update report. Forrest was the ihs cera project manager for the multiclient study growth in the canadian oil sands. Growth in the canadian oil sands an ihs cera special report figure iv3. A 2011 study by the canadian energy research institute ceri found that u. American empire and the canadian oil sands pdf ebook php. Thus their decision leaves unchanged the total amount of oil consumed in the world.

Environmental consequences of oil production from oil sands. Published 20 january 2009 iop publishing ltd environmental research letters, volume 4, number 1. Over millions of years, that oil became trapped in thick layers of sand. The athabasca oil sands lie along the athabasca river and are the largest natural bitumen deposit in the world, containing about 80% of the alberta total, and the only one suitable for surface mining, according to a 2009 canadian association of petroleum producers publication. Bitumens and diluted bitumens from western canadian oil sands this serial will cover the topic of bitumen products such as from the canadian oil sands and diluted bitumen products dilbit and others. Pdf compression behavior of canadian oil sands anh. Canadas oil sands represent a significant, proven and secure source of supply for north america oil reserves canadas oil sands are one of the largest known reserves of oil. Understanding the canadian oil sands industrys greenhouse. Oil sands operators must adhere to stringent regulations. The pace and scale of oil sands development has prompted these communities to question whether negative impacts. Through factbased discussion with peers and access to an objective research agenda, participants in the canadian oil sands. The oil sands comprise more than 98 percent of canadas 173 billion barrels of proven oil reserves.

Canadian oil sands crudes are more ghgintensive than the other heavy crudes they would replace or displace in u. Oil sands brochure fact sheet natural resources canada. Canada is the largest supplier of crude oil and petroleum products to the u. The canadian oilsands and strategic approaches to profitability 1. Greenhouse gas emissions from canadian oil sands production. Move tar sands oil by tankers on americas rivers and. Albertas oil sands were formed millions of years ago, as tiny marine creatures died and drifted to the sea floor and were covered by layers of sediment that exerted enough pressure and temperatures to transform the organic matter into oil. Canadian oil sands development benefits all canadians by providing needed energy, stimulating economic growth and generating significant revenues for. How canada manages oil sands production levels may have as much effect on global greenhouse gas emissions as the efforts canada makes to reduce fossil fuel use within the country.

Canada has a tremendous resource base combined with a stable, democratic political. Canadian oil sands dialogue canadian oil sands dialogue provides an objective and independent platform for stakeholders to engage in a discussion of the benefits, costs and impacts associated with oil sands development. Oil sands also contain fine solids and clays, typically in the range of 10 to 30% by weight. This is the eleventh annual edition of ceris oil sands supply cost and development projects update. The tar sands campaign against the overseas export of. Like past editions of the report, several scenarios for oil sands developments are explored. Pdf the economics of canadian oil sands researchgate.

Canadas oil sands sector is a hightech, knowledgebased industry. Finding the new balance, a comprehensive assessment of the benefits, risks, and challenges associated with oil sands development. National energy board 1 western canadian crude oil supply, markets, and pipeline capacity a. Syncrude operated an oil sands facility and produced crude oil through the mining of oil sands from ore deposits in the athabasca region of northern alberta, canada in 2016, suncor energy purchased all of the shares of canadian oil sands.