This week our reporter Robert Johnson is on a mission to explore the third largest source of oil in the world: the Canadian oil sands.
The United States already imports more oil from Canada than anywhere else. But with oil prices on the rise, the controversial oil sands are likely to become even more economically viable, despite experts' warnings about environmental risks.
Of Canada's 175 billion barrels of oil that can be recovered, 170 billion barrels come from the oil sands in the Alberta region.
Source: Canada Association of Oil Producers
Canada has about 9 times as much proven oil reserves as the United States (around 22 billion barrels).
Source: U.S. Energy Information Administration
The country has enough oil to fuel its own oil demand for about 266 years (if they stopped exporting their oil).
Calculated based on Canada's 1.8 million barrels/day oil consumption.
See the rest of the story at Business Insider
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Source: http://feedproxy.google.com/~r/TheMoneyGame/~3/8vWa8uKU8d4/facts-about-canadas-oil-sands-2012-4
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