Where is Canada in the global oilpatch?

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. While conventional crude oil has been the only game for a century, in the past two decades technological advances have made squeezing heavy oil from the oilsands a commercial money-maker.

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