The latest National Energy Board forecasts for
increases in oil sands production through 2025 roughly add up to what Keystone and Trans Mountain could handle, says University of Calgary economist Trevor Tombe.
«The Alberta wildfires and sharp pullback
in oil sands production in May took the Canadian economy on a brief detour into negative growth,» said Craig Wright, senior vice-president and chief economist at RBC.
While the loonie has always moved to the rhythms of commodity price cycles, in recent years it's become even more tethered to the price of oil, largely due to the massive
growth in oil sands production.
You'd have a separate supply curve for oil sands which would tell you how oil sands production would respond to changes in oil prices and, also, how oil prices might respond to
changes in oil sands production.
Suncor is also looking to address the environmental issues by collaborating with General Electric (NYSE: GE) to develop technologies to will lower water
usage in oil sands production and reduce greenhouse gas emissions.
In assessing their results, they observed that the most substantial efficiency
gains in oil sands production over the last 40 years have occurred in separation and upgrading.
Scientists investigating sources of the compound have now identified off - road diesel
vehicles in oil sands production in Alberta, Canada, as a major contributor to regional levels of the pollutant.
Shell Canada has announced the first commercial application of a new high - temperature froth treatment processing technology — Shell Enhance — that it says will improve energy efficiency and reduce
costs in oil sands production.
In this simplistic choice,
shutting in oil sands production saves you.1 t of carbon emissions, which using the wealth would save you 1 - 1.5, or a 1000 - 1500 % return.
According to the minutes of the Houston meeting, this massive
increase in the oil sands production will mean Canada has to «streamline» environmental regulations for new energy projects.
Cenovus» first quarter saw an increase
in its oil sands production to 144,000 barrels per day, up 20 % from the same period in 2014, and lowered operating costs across its assets.