Enormous Oil Reserves Stored In North America

Oil from sand. Sounds incredible, but it’s true. Oil reserves of some 24 billion tons are stored in the oil sands of the Canadian province of Alberta. Beneath a surface of 140,000 square kilometers, there is theoretically as much oil as in Saudi Arabia.

Until recently, the extraction of the raw material (huge amounts of oil are held in oil sandstone) was too labor intensive and costly and therefore uneconomical. Thanks to modern production technologies and the development of the oil price in the world market, this has fundamentally changed.

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