Spread the loveImage source: climatecentral.org Most of the oil has been considered economically recoverable since it lies deep underground and it is mixed with large amounts of bitumen, a tarry substance, sand, and water forming oil sands or tar sands. The mined sand is processed to remove the bitumen and then refined into oil. Canada […] “¢ The oil sands have made Canada the Number One foreign supplier of oil to the U.S. This has become a major factor in the close economic partnership shared by the two countries. “¢ The oil sands provide Canada with a relatively secure source of energy. While Canada’s oil supply isn’t unlimited, Pros & Cons of Oil Sands Summarized by Walter Sorochan, Posted 2009 Updated February 10, 2011. There is controversy about the development of oil sand regions in the Canadian province of Alberta. There are major concerns about pollution of the environment, pollution of the Athabasca river, high incidence of cancer among indigent people in the 2. Oil sands development is benefitting Canada’s economy – now. According to IHS CERA, economic benefits from oil sands can be measured by the jobs it creates, the goods and services it purchases from other services, and the royalties and taxes paid to government. The oil sands are often characterized as a future proposition, which will bring great economic benefits if development is allowed to continue and grow. This fact is not widely known since much of that oil has been considered “not economically recoverable,” lying deep underground in a mixture of bitumen, a thick, tarry substance, sand and water known as oil sands or tar sands. Development of these tar sands, located near the Athabasca River, by Suncor Energy, List of Pros of Tar Sands. 1. Provide a new source of oil. The tar pits in Canada are considered the world’s second largest oil field that offers a new and abundant supply. So whatever worries people have about increasing oil prices or oil shortage, can be set at ease with the presence of oil sands. This also means that Canada can be independent from foreign oil, what with it being available in its own soil. The oil sands are a strategic resource that contributes to economic opportunity and energy security for Canada, North America and the global market. The oil sands comprise 167.2 billion barrels of crude oil – 97 percent of Canada’s 172.5 billion barrels of proven oil reserves – and are a vital part of the Canadian economy.
12 Mar 2015 About 1,000 construction workers employed by a contractor at Husky Energy Inc.' s Sunrise oilsands project were laid off unexpectedly on
11 Mar 2020 The Canadian government has invested heavily in the use of Carbon Capture and Storage for the tar sands recovery process, but this The Pros of Tar Sands. 1. It provides a localized economic benefit. Tar sands that were found in Alberta have helped Canada become the #1 foreign supplier of oil 15 Mar 2019 Oil sand extraction results in the accumulation of large amounts of residual waste known as tailings, which contain a mixture of water, clay, un- 9 Nov 2019 Oil sands are a mixture of sand, water and bitumen (oil that is too heavy or thick to flow on its own). Learn what are the oil sands, why they're 7 Jul 2016 The oil sands comprise 167.2 billion barrels of crude oil – 97 percent of economic and energy security benefits of the oil sands are balanced 15 Dec 2018 Pros: 1. A secure source of energy: It provides a secure and source of energy to the Canadian citizens. Canada
Oil sands, crude bitumen, or more technically bituminous sands, are a type of unconventional petroleum deposit. Oil sands are either loose sands or partially consolidated sandstone containing a naturally occurring mixture of sand, clay, and water, soaked with a dense and extremely viscous form of petroleum technically referred to as bitumen. Natural bitumen deposits are reported in many countries, but in particular are found in extremely large quantities in Canada. Other large reserves are locat
2. Oil sands development is benefitting Canada’s economy – now. According to IHS CERA, economic benefits from oil sands can be measured by the jobs it creates, the goods and services it purchases from other services, and the royalties and taxes paid to government. The oil sands are often characterized as a future proposition, which will bring great economic benefits if development is allowed to continue and grow.
The world discoveries of new oil has peaked. The tar sands give all of us longer time to find alternatives sources of energy: Peak oil is history Numerous warnings for over 50 years that world is going to run out of oil; therefore need cleaner alternatives. | Numerous peak oil warnings for over 50 years.
7 May 2018 We should not be swayed by appeals to economic benefits either. Divestment from fossil fuel is an increasing concern for oil sand businesses. 6 Dec 2018 Despite falling oil prices and rising interest rates Evan Dudley from the oilsands,” which makes up around 1.9 per cent of GDP, he explains. Pros and Cons http://www.triplepundit.com/2009/02/nuclear-energy-pros-and- cons/[04/02/2013 6:35:33 AM] Pros and Cons · Tar Sands Oil: Pros and Cons. 4 May 2014 Kinder Morgan Claims Oil Spills Can Have 'Positive' Effects Huge Protest Underway Against Canadian Tar Sands Pipelines. ——–. 17 Jun 2019 Here are few pros and cons of investing in energy ETFs: portfolio of large oil companies along with exploration and production and oil-sands plays The largest energy and production ETF, SPDR S&P Oil & Gas Exploration 20 May 2015 The 8 Health Benefits of the SAND! The 8 Health Benefits of the SAND. Obviously , at the beach, sand is everywhere. We walk in it, we bury
26 Jul 2019 The Frontier mine would be the furthest north in the oilsands, just 25 The predicted economic benefits of the project are based on oil prices
31 Aug 2009 A scientific panel said Tuesday that weaknesses in measuring pollution from the Alberta oil sands must be corrected. Pollution is one argument 11 Mar 2020 The Canadian government has invested heavily in the use of Carbon Capture and Storage for the tar sands recovery process, but this The Pros of Tar Sands. 1. It provides a localized economic benefit. Tar sands that were found in Alberta have helped Canada become the #1 foreign supplier of oil 15 Mar 2019 Oil sand extraction results in the accumulation of large amounts of residual waste known as tailings, which contain a mixture of water, clay, un- 9 Nov 2019 Oil sands are a mixture of sand, water and bitumen (oil that is too heavy or thick to flow on its own). Learn what are the oil sands, why they're 7 Jul 2016 The oil sands comprise 167.2 billion barrels of crude oil – 97 percent of economic and energy security benefits of the oil sands are balanced 15 Dec 2018 Pros: 1. A secure source of energy: It provides a secure and source of energy to the Canadian citizens. Canada