Nuclear power pushed for oil sands production

Reliance on natural gas as heating source is industry’s Achilles heel: Swedish group

OTTAWA

Writing in the influential European journal Energy Policy last month, the analysts for the Uppsala Hydrocarbon Depletion Study Group warned that the world should not count on Canada’s massive oil sands deposits to meet future demand growth.

“While the theoretical future oil supply from the oil sands is huge, the potential ability for the Canadian oil sands industry to meet expectations of bridging a future oil supply gap is not based on reality,” said the authors, who are led by prominent “peak oil” theorist Kjell Aleklett, a physicist from the University of Uppsala.

The Globe and Mail