A decade ago, Alberta’s oil sands were the home of the most expensive to produce crude oil on the planet. Not only that, but Canada’s mix of intra-provincial competition and weak federal control left the landlocked province with few options to send its oil outside of the US–a country experiencing a rising boom of natural gas and light, sweet shale crude oil.
The outlook for the oil sands was…not good.
Now? Alberta’s oil producers have gotten leaner, and while not meaner (they’re still Canadians, after all) they have slowly-but-steadily become more efficient and cost effective in terms of production. While certain challenges remain (Alberta cannot change its landlocked geography), Canada’s largest oil producing province has suddenly found itself cost competitive with Russian oil, and the world’s energy markets are on the cusp of upheaval.
Suddenly the future of Canada’s oil sands doesn’t seem so bleak after all.
We have never and will never charge for our newsletters or videos, but we do have an ask. If you enjoy our products, we ask you consider supporting MedShare by clicking one of the links below. MedShare is an established non-profit organization that helps respond to medical need globally, including to the ongoing crisis in Ukraine.
The buttons below will direct you to our purchase pages where you can both find out a bit more about each book, as well as select purchase options ranging from e-services to your local bookstore.
Having difficulty keeping up with the chaotic and quickly-changing landscape of Russia sanctions and commodities markets or inflation?
We have been offering a series of in-depth presentations on various industries.
So far, we’ve tackled the challenges facing energy, agriculture, industrial materials and inflation. You can purchase access to the recordings of both of these webinars via the buttons below: