In the oil sands region of Alberta Tanoh Kpassagnon Chiefs Jersey , Canada. Oil sands are a thick, viscid mixture of bitumen, sand, clay, and water. Alberta's oil sands is comprised of 3 regions with the Athabasca area being the largest and the closest to the surface. Underneath these gooey tar sands lie trillions of barrels of oil.
So then you may ask why have we been so dependent on Mideast oil. Why haven't we just stayed nearby and relied on Canada? In fact Chris Conley Chiefs Jersey , Canada is the largest supplier of crude and refined oil to the United States, having supplied 2.1 million barrels per day in 2004. But the percentage supplied to the US and other parts of the world is about to grow much larger.
The big difference between oil sands and oil from the desert sands of the middle east is difficulty of extraction. The oil sands process essentially entails extracting bitumen from the sand, and upgrading it to light crude oils. Easier said than done because this is thick stuff and has been expensive to mine and extract. However new technologies are changing the equation and making it much more cost-efficient to mine and extract from the oil sands.
Mining operations are used to produce reserves close to the surface. For oil that is deeper under ground, Steam-Assisted Gravity Drainage (SAGD) and Cyclic Steam Stimulation (CSS) are used. Other examples of new technology and extraction methods include burning bitumen instead of gas to produce steam, a solvent-assisted production technique called VAPEX and a system that injects air into the oil well and ignites it to stimulate oil flow.
In addition to improvements in technology Mitch Morse Chiefs Jersey , higher oil prices are fueling expansion in the oil sands, and a lot of people want in. The Chinese, for instance. In April, China National Offshore Oil Corp., predominantly owned by the Chinese government Chris Jones Chiefs Jersey , bought nearly 17% of MEG Energy Corp. for $122 million. The company is developing a northern Alberta project estimated to pump 25,000 barrels of crude from the oil sands by 2008. And Canadian oil pipeline giant Enbridge has announced a preliminary deal with PetroChina to anchor a $2-billion oil pipeline to the West Coast.
So how can you benefit from the increased exploration, production and sales of crude oil from the oil Sands of Alberta? Choose among the stocks of companies that are investing in the area and applying new technology to extract oil more cost-efffectively.
Companies than can capitalize on the increasing role of Canada's oil sands in the world's energy needs include Suncor (NYSE: SU), Encana (NYSE:ECA), Canadian Natural Resources NYSE:CNQ) Deer Creek Energy ( ) Travis Kelce Chiefs Jersey , Total S.A. (NYSE:TOT), Petro Canada NYSE: PCZ), and, with its acquisition of Terasen whose pipelines are well-positioned to transport growing production from the Alberta oil sands, Kinder Morgen (NYSE: KMI).
And while it may remain somewhat more expensive to extract oil from Alberta than from the Mideast Justin Houston Chiefs Jersey , consider the effects of global politics, terrorism and turmoil, and the chilly wilds of Northwest Canada become very attractive indeed.
Leon Altman creates and runs websites that uncover opportunities for investors. To find more opportunities in oil and gas as well as other sectors, subscribe to his free Select Sectors letter at and check out his websites: and
WASHINGTON, Jan. 7 (Xinhua) -- U.S. President Barack Obama on Wednesday denounced the deadly attack on the offices of a Paris-based magazine Laurent Duvernay-Tardif Chiefs Jersey , and pledged assistance, if need be, to bring the perpetrators to justice.
"I strongly condemn the horrific shooting at the offices of Charlie Hebdo magazine in Paris that has reportedly killed 12 people," the president said in a written statement, describing France as the "oldest ally" of the United States that has stood "shoulder to shoulder" with Washington in the fight against terrorism.
"France Kareem Hunt Chiefs Jersey , and the great city of Paris, where this outrageous attack took place, offer the world a timeless example that will endure well beyond the hateful vision of these killers," he said. "We are in touch with French officials and I have directed my administration to provide any assistance needed to help bring these terrorists to justice."
Four other people were seriously wounded in the attack, in which at least two masked gunmen opened fire with assault rifles in the offices and then exchanged shots with police in the street before fleeing by car Patrick Mahomes II Chiefs Jersey , press reports said.
French President Francois Hollande has characterized the shooting as a terrorist attack, and the country has raised the anti-terrorism alert in the greater Paris area to the highest level amid fears for more attacks in the region.
France, the target of Islamist fighters in reprisal for its military strikes against Islamist strongholds in Iraq and the Sahel region, has foiled several terror attacks in recent weeks, Hollande said.
The headquarters of satirical weekly Charlie Hebdo was fire-bombed in November 2011 after it put an image of the Islamic Prophet Muhammad on its cover.
As you might have started to gather – playing online pokies on a Macintosh really isn’t that easy. While there are numerous slots games available on the web nowadays Tyreek Hill Chiefs Jersey , the very fact of the matter is that Macintosh users run into many problems when they try to play them.
This is a common complaint – and yet there are ways around it. First, you should understand the issue that plagues Macintosh users who’re simply looking to get a game of pokies online!
Problems Faced by Macintosh Users
Over the last couple of years, Macintosh computers have been growing in popularity – as get their other devices such as the iPhone and iPad. That said, you’ll find that the major problem with playing online pokies on these devices is compatibility.
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