WORLD S OIL SUPPLIES
INTRODUCTION TO CANADA OIL Canada is located in North America, and borders on the United States. ... Its mineral resources are abundance, such as oil, nature gas, nickel, zinc, asbestos, uranium, molybdenum, copper, gold, silver, and platinum, etc. Canada is the third-largest mineral country in the world, behind USA and Russia. Illustration 1: The Political Map of Canada Source: Maps of Canada Site Energy Overview Canada was the fifth-largest energy producer in the world in 1999, behind the United States, Russia, China, and Saudi Arabia. ... January-November 2000, the United States imported more oil (including crude oil and petroleum products) from Canada than from any other country. ... S. ... S. ... In 1999, about 36% of Canada’s primary energy production was natural gas, followed by oil (23%), hydropower (20%), coal (11%), and nuclear power (4%) 1. About two-thirds of Canada’s energy is produced in the province of Alberta. ... It was the world’s sixth-largest energy consumer in 1999, roughly on par with total energy consumption in India. Oil The definition of crude oil is: a naturally occurring mixture of hundreds of different hydrocarbon compounds. Oil is classified as “light,” “medium” or “heavy” according to its density or gravity, which is expressed in kilograms per cubic metre or, more commonly, as a number of degrees on the American Petroleum Institute (API) scale, with higher numbers indicating lighter oil. Canada has proven standard oil reserves of 4. ... Oil production averaged 2. ... The province of Alberta, located in western Canada, is by far the country’s leading oil producer. While Alberta’s light oil reserves are declining (the province now contains an predictable 45% of the country’s light oil reserves), there are huge oil sands deposits. In the meantime, projects and potential projects in other provinces are becoming the oil industry focus to include the eastern and northern parts of the country. ... S. oil imports. ... 8 million bbl/d of crude oil from Canada (1.3 million bbl/d of which was crude oil) 3. This makes Canada the top oil supplier to the United States and the third-largest supplier of crude oil imports (behind Saudi Arabia and Mexico, and ahead of Venezuela). In the last few years, Canada has been the top supplier to the United States of good oil products, including jet fuel, distillate, etc. ... html Illustration 2: Canadian Oil Production and Consumption, 1980 - 2000E Source: Canada Country Analysis Brief Website The Canadian oil industry is in merger, reducing the number of companies. Companies in Canada include Exxon’s Imperial Oil, Royal Dutch/Shell’s Shell Canada, Petrol-Canada, and Suncor. ... The Western Canadian Sedimentary Basin, underlying Alberta, Saskatchewan, and part of the Northwest Territories, has been the main source of Canadian oil production for the last 50 years. About 55% of Canada’s usual oil production in 2000 came from Alberta. Regular oil production has been declining in the west as it has been rising in the east in the last few years. People’s focus is expected to change back toward the western part of the country in coming years, because east coast projects are more expensive and develop smaller reserves. Exploration and production activity on Canada’s east coast is centralized on the Jeanne d’Arc Basin, offshore Newfoundland. The climate demands technologically advanced offshore oil platforms, able to withstand very cold temperatures and high winds, which add to production costs. ... The area near Queen Charlotte Island is thought to hold as much as 10 billion barrels of oil and significant reserves of natural gas. This has the potential to make the area a larger oil and gas producer than the Jeanne d’Arc Basin. ... 8 million Employment (oil and gas): 66,000 (direct upstream) Investment (1996-2000): $11 billion Investment (2000 CAPP): $4.22 billion Source: Alberta Energy Website Tar sands are deposits of bitumen, heavy black viscous oil that must be thoroughly treated to convert it into an upgraded crude oil before it can be used by refineries to produce gasoline and diesel fuels.