Building a world of
resilient communities.

MAIN LIST

 

Canada to Boost Daily Oil Output 38% by 2015, Producers Say

Canada will boost oil production 38 percent to 3.6 million barrels a day by 2015 amid higher oil- sands output, according to the nation's oil producers.

Production of oil trapped in sand in Northeastern Alberta will climb to 2.6 million barrels a day, compared with about 1 million last year, the Canadian Association of Petroleum Producers said in its annual supply forecast. Output from conventional oil wells will decline to about 25 percent of the country's production from more than 50 percent.

Companies will spend about C$30 billion ($23 billion) in the next decade on oil-sands projects, the producers said. Exxon Mobil Corp., Royal Dutch/Shell Group, Suncor Energy Inc. and Canadian Natural Resources Ltd. are planning expansions or new oil-sands projects in the region.

Oil output from western Canada will outstrip pipeline capacity within a few years, the survey said. New conduits to the U.S. and ship terminals will need to be built to keep up with demand.

The Calgary-based association represents companies that produce more than 98 percent of the nation's oil and natural-gas output.

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Make connections via our GROUPS page.
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.


Oil Abundance? Not So Fast- A Risk Checklist

Understanding how we use oil and where it comes from provides many reasons …

Peak Oil Review - July 21

A weekly review including: Oil and the Global Economy, The Middle East & …

Australia Becomes First Nation to Repeal Carbon Tax

With Australia’s standing as the world’s highest per-capita …

Breaking the Grip of the Fossil Fuel Economy: If It Can Happen in Appalachia, It Can Happen Anywhere

The people who agreed to spend their days digging coal from the underside of …

Agrivoltism

What is the best way to utilize sunlight: grow food or to produce fuel?

Peak Oil Notes - July 17

After falling steadily for three weeks, New York oil futures reversed on …

Watch How Solar Power Is Transforming Rural India

It is a glimpse into the future of how the world’s rural poor could …