A new study from FACTS Inc. examines the debate about whether Canadian heavy oils are North America's answer to OPEC. With Canadian proven reserves at 178 billion barrels, now the second highest in th..
A new study from FACTS Inc. examines the debate about whether Canadian heavy oils are North America's answer to OPEC. With Canadian proven reserves at 178 billion barrels, now the second highest in the world after Saudi Arabia, but higher than Iran, Iraq, Kuwait and UAE, why would the West need to depend on the Middle East?, asks this research (www.FACTSinc.net).
Alberta oil sands contain huge reserves of crude bitumen. These are very viscous crudes that do not flow at room temperature.
The tar sands are produced as crude bitumen. The crude bitumen is either sold directly or is upgraded to synthetic crude oil (SCO), with a range of qualities up to and including a light sweet c
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