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Oil Companies Stake Future on Canada

Wall Street Journal Original article ›

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Through 2015 oil companies expect to spend $15 billion a year on pipelines and to retrofit refineries to process heavy sands Canadian crude, and production of heavy sands crude is expected to go up to 3.7 million barrels a day by 2020 from 1.2 million barrels a day today. This is changing the way crude pipeline map looks as the diminished supply from Mexico and Venezuela means less crude going north, and more going south from Canada.

Canada's oil sands projects face higher costs and stringent emissions caps.

07/11/2007

Alberta oil sands projects face rapidly increasing costs sometimes 2-3 times original projections and labor shortages, and technologies to meet emissions rules can be costly.

Grouped Articles

Canadian Regulator Waives Oil-Sands Enforcement Penalties

Wall Street Journal 06/13/2013

A sticky ending for the tar sands

Economist 01/15/2009

Leftist Party’s Win in Alberta May Affect Future of Oil Sands

New York Times 05/06/2015

Falling Crude Prices Upend Canada’s Oil Sands Projects

Wall Street Journal 07/23/2015

Oil Companies Stake Future on Canada

Wall Street Journal 07/11/2007

Marathon Oil to Pay $5.56 Billion For Canada's Western Oil Sands

Wall Street Journal 07/31/2007


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