(Alberta) Oilsands output could grow 50% by 2025: forecast

[ue]

Oilsands output could grow 50% by 2025: forecast


By Dave Cooper, Edmonton JournalJune 6, 2009Comments (2)

Alberta's oilsands could push Canada's oil production to more than 4.2 million barrels a day by 2025, compared with 2.7 million bpd currently, if the investment climate improves over time, said the Canadian Association of Petroleum Producers in a forecast released Friday.

The production and market outlook paints two scenarios.

Under a conservative approach, which includes projects operating or under construction, Canadian crude oil output would rise to just 2.8 million bpd by 2025, with the oilsands replacing declining conventional production.

CAPP sees oilsands output increasing to two million bpd under its conservative approach, compared with 3.3 million bpd under its growth scenario, which assumes an improving economic market.

"CAPP's production forecast indicates that even with delays due to current economic circumstances, oilsands production is expected to grow, although the pace of development has slowed," said Greg Stringham, vice-president for markets and oilsands. "Producers expect continued demand for the security of supply that crude oil from Canada provides to the North American energy market."

CAPP sees no need for more pipe-line capacity in the decade ahead.

"In terms of pipeline capacity to meet market expectations, this year's outlook indicates that the significant pipeline development now under-way will amply connect forecasted production to long-term demand in the North American energy market," Stringham said.

dcooper@thejournal.canwest.com
© Copyright (c) The Edmonton Journal

http://www.edmontonjournal.com/busin...866/story.html

[vid]

I'd be more surprised if they announced that they have a plan to clean up after they're finished taking all the oil out of the land.

[1ajs]

doubt it they will just let it be theres nothing u can realy do sadly inless they find a way to ship it to venus or somthing

[Canadian Mind]

Originally Posted by 1ajs

doubt it they will just let it be theres nothing u can realy do sadly inless they find a way to ship it to venus or somthing

clean what up?

The water will settle eventually, it'll just take a few years.

[vid]

And the gigantic holes and toxic sludge?

[1ajs]

ur rebury it like the oil was befor and come along and plant trees overtop of it

[mmmatt]

Canada will most likely be one of the worlds last major oil producers...we are already among a small group of nations that actually has growing oil production...kind of a scary thought.

[vid]

We're becoming dependent on something that people are trying to move away from being dependent on. We're turning the country into a giant Northwestern Ontario!

[Doug]

Originally Posted by vid

I'd be more surprised if they announced that they have a plan to clean up after they're finished taking all the oil out of the land.

Reclamation has been part of the plan since Great Canadian Oilsands started up in the 1960's. The whole environmental disaster theme has been overplayed by out of province critics.

[ue]

Originally Posted by mmmatt

Canada will most likely be one of the worlds last major oil producers...we are already among a small group of nations that actually has growing oil production...kind of a scary thought.

Especially considering if we can't get off this addiction to oil - that is the whole Global North - people will definitely be fighting over it and we'll be the epicentre along with places like Saudi Arabia of war .

[WhipperSnapper]

We're becoming dependent on something that people are trying to move away from being dependent on.

I don't see any major shifting as long as big oil and the green opportunistic counterparts makes truckloads of money.

[Coldrsx]

Originally Posted by Doug

Reclamation has been part of the plan since Great Canadian Oilsands started up in the 1960's. The whole environmental disaster theme has been overplayed by out of province critics.

overplayed? come on dude... underplayed by a significant margin. That said we are doing more than people think... but the actual devastation is quite vast.

[Calgarian]

Oil will never die, we may find alternative fuels, but we will still make consumer goods out of it.

[francely57]

...so more of this?


from pembina.institute on flickr

"The oil sands mining landscape of Syncrude, north of Fort McMurray. The mines are 80 m deep, the truck on the road is a 400-tonne truck with tires bigger than humans. This view is from the west of Syncrude. Photo David Dodge, The Pembina Institute"

http://www.flickr.com/photos/pembina/2986100971/

[Coldrsx]

^progress and greed is sure purdy aint it.

[ue]

^^that looks so disgusting! uh we are such a selfish species ... considering how beautiful it probably was before. but no we need our hummers and minivans .

[DizzyEdge]

random question re that hell-on-earth photo.
Why not use some sort of oversized rail system to get the dug up sands to wherever it's being processed, using those trucks just to transfer from the digger to the giant rail cars?

[Canadian Mind]

see the plant in the background? The IS where the oil is being processed. No point loading up a train to go only 5 km when it would be faster and cheaper to use the same trucks to got the distance on their own.

Personally, I don't mind that "Hell On Earth" look of the area.

[ue]

^Why? Because you don't have to deal with it in Ontario?

[Canadian Mind]

Originally Posted by edmontonenthusiast

^Why? Because you don't have to deal with it in Ontario?

Don't start trying to turn this into an East vs. West deal.

I spent 5 precious childhood years in Alberta, drove through the area every summer. Mind you it wasn't nearly as big back in 1997 to 2002. Rest of the time has been in pristine BC, so it's nice to see some of the exact opposite of what I spent the majorit of my life living in.

I've only been in Ontario since December. Not the biggest fan of this province, or atleast this part of it anyways.