Mighty Mouse
Active member
Time for Canadians to cash in, eh?
http://www.macleans.ca/topstories/business/article.jsp?content=20050613_107308_107308
Alberta is about to get wildly rich and powerful
What does that mean for Canada?
STEVE MAICH
At Suncor Energy's Millennium oil sands project, just north of Fort McMurray, Alta., the unmistakable odour of black gold drifts up from the ground and hangs thick in the air. Everywhere around you, water pooled in footprints, tire ruts and potholes carries the telltale rainbow sheen of oil. "The smell of economic progress," jokes Brad Bellows, a spokesman for Suncor, playing host on a damp spring afternoon. But it's much more than that. It's the smell of raw power -- the kind that comes from having plenty of what the rest of the world can't live without. It's the smell of a resource locked in the ground for millions of years and which now has the potential to shape the future of a nation, for better or for worse.
Suncor's extraction plant on the bank of the Athabasca River looks like a science fiction movie set -- hundreds of kilometres of steel pipe twisted into incomprehensible knots around hulking industrial buildings, storage tanks and smokestacks. The whole scene is bathed in a constant haze of steam and exhaust. Two other such plants are now operating within an hour's drive of here, and several more are scheduled to commence operations over the next few years, all to exploit what may be the biggest petroleum deposit anywhere in the world, a sea of oil-saturated soil covering an area the size of New Brunswick.
http://www.macleans.ca/topstories/business/article.jsp?content=20050613_107308_107308