U.S. has plans for Canada oil sands

In the north of the remote Alberta province rests the equivalent of 1.7 trillion barrels of oil. About 176 billion barrels is recoverable with today’s technology, and perhaps twice that amount is potentially recoverable.

“It’s the single largest hydrocarbon deposit on the Earth, and it’s next door to the biggest market for oil products: the United States.

Canada already has surpassed Saudi Arabia as the United States’ largest foreign supplier of crude oil and petroleum products. The U.S. Energy Department believes foreign oil will account for as much as 72 percent of U.S. supplies by 2025.

azcentral