ADMS 1010 Lecture Notes - Enbridge Northern Gateway Pipelines, Milion, Freedom Mobile

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Oil has become in the last 30 years, one of our biggest exports as the value has increased and our production and extraction has increased. Only when oil prices are high is it economically viable to extract oil sands. Petroleum, what we refrer to as oil, has been around since the internal combusition engine is what made it so valuable. Nowawdays we use a lot of oil, 30 billion barrels. Cda is still big produer, number 7 and we are one of the largest consumers to. Us to surpass saudi as top oil producer by 2016. There are rumours that we will run out of oil and the price will continue to rise: darker colour higher production. Slide 7: number 10 in oil consumption. Slide 9: we basically #3 in oil reserves, we have non-conventional oil reserves, lot of hidden and unkown reserves. Slide 10: darker is proven oil reserves more.

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