Geography 2143A/B Lecture Notes - Lecture 12: Fetus, Canada 2016 Census, Population Momentum
2 Jan 2017
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More production than consumption (net exports of oil) Hydraulic fracturing pumping in water mixed chemical additives - and horizontal drilling into shale rock previously used in natural gas. Bakken shale has the most amount available in the us. New technology has allowed us to produce more oil. Rail: rail is increasingly being used to transport us crude. Alberta and saskatchewan has light and heavy oil. Oil sand athabasca deposit (map) and western oil sands. Lower oil prices place canadian oil sands companies at risk, such as suncor. Require certain refineries only available in american midwest. How much labour is needed to produce one unit of output. Labour cost relies on the labour intensity. How much capital stock such as machinery, equipment used. High capital intensity, limits competition in industry. Nearly 2/3 of crude still gets left in the ground even with the engineering advances. The potential rewards are huge: raising average recovery rate worldwide to 50% from 35%
