CRF Blog

Will Canada Become a Major Energy Producer?

by David De La Torre

In The sands of grime, The Economist reports on what Canada will need to become a major energy producer.

[T]he potential is immense. A new study by the Alberta Geological Survey estimates that the province has huge resources in its shale beds as well as its oil sands: 3,400 trillion cubic feet of natural gas and 420 billion barrels of oil — numbers comparable to America’s.

However, Canada’s output of 3.5m barrels of oil a day is less than half that of America. (America’s output is set to exceed Saudi Arabia’s ….) Several problems hobble Canadian energy: geology, capital, people and pipes. [more]