Alberta

There are two ways to look at Canada's oil wealth, found mostly in Alberta's oilsands deposits. One is to be amazed that Alberta has more than 170 billion barrels of oil - an immense resource by any yardstick. The other is to question what it all means. Will it have an effect on the global supply of oil, is Canada going to be able to sell it in the future, and how does the rest of the world view Canada - and its oil? Game changer. Oil is found just about everywhere on the planet.

Enclosed are three news articles that review the challenging prospects for Alberta’s tar sands producers. They face a daunting future as rival U.S. oil production surges and opposition grows to the three pipeline routes which they and their pipeline allies are struggling to construct–Keystone XL to the south, Northern Gateway and Trans Mountain to the west, and Energy East to the east.