The Oil Sands Of Alberta
There’s an oil boom going on right now. Not in Saudi Arabia or Kuwait or any of those places, but 600 miles north of Montana.
The oilmen up there aren’t digging holes in the sand and hoping for a spout. They’re digging up dirt — dirt that is saturated with oil. They’re called oil sands, and if you’ve never heard of them then you’re in for a big surprise because the reserves are so vast in the province of Alberta that they will help solve America’s energy needs for the next century.
There are 175 billion barrels of proven oil reserves here. That’s second to Saudi Arabia’s 260 billion but it’s only what companies can get with today’s technology. The estimate of how many more barrels of oil are buried deeper underground is staggering.
http://www.cbsnews.com/stories/2006/01/20/60minutes/main1225184.shtml
This could shift the balance of oil power. Which means the USA may no longer be dependant on Middle East oil. Other countries like Europe will still be, but the US is likely to shift where it gets its oil from within a decade or so.
Other than lowering the gas prices, what are you oppinions of the impact of this on world politics?
The very fact that the US will be getting its oil from another source will no doubt cause a major shift in geo-ecomomic politics. Not only that but it will put the US in an unasalable position regarding its energy needs.
There’s an oil boom going on right now. Not in Saudi Arabia or Kuwait or any of those places, but 600 miles north of Montana.
The oilmen up there aren’t digging holes in the sand and hoping for a spout. They’re digging up dirt — dirt that is saturated with oil. They’re called oil sands, and if you’ve never heard of them then you’re in for a big surprise because the reserves are so vast in the province of Alberta that they will help solve America’s energy needs for the next century.
There are 175 billion barrels of proven oil reserves here. That’s second to Saudi Arabia’s 260 billion but it’s only what companies can get with today’s technology. The estimate of how many more barrels of oil are buried deeper underground is staggering.
http://www.cbsnews.com/stories/2006/01/20/60minutes/main1225184.shtml
This could shift the balance of oil power. Which means the USA may no longer be dependant on Middle East oil. Other countries like Europe will still be, but the US is likely to shift where it gets its oil from within a decade or so.
Other than lowering the gas prices, what are you oppinions of the impact of this on world politics?
The very fact that the US will be getting its oil from another source will no doubt cause a major shift in geo-ecomomic politics. Not only that but it will put the US in an unasalable position regarding its energy needs.