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Old 04-07-2008, 08:45 PM
 
Location: Michigan
29,391 posts, read 55,776,341 times
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Oil sands, long too expensive to process, help make it major U.S. source

Ft. McMurray, Alberta - With oil prices hovering near a hundred dollars a barrel, there’s a major oil boom underway. It’s not happening in the sweltering heat of Texas or the dry desert of Saudi Arabia, but on the frozen Canadian tundra where oil producers are developing a new source of fossil fuel.

Canada is in the middle of a quiet oil boom - CNBC TV - MSNBC.com
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Old 04-07-2008, 08:51 PM
 
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Good to see CNBC on the ball with their finger on the pulse of the world.


That quiet oil boom in northern Alberta has only been going on for over 3 years.
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Old 04-08-2008, 05:52 PM
 
Location: Perth, Western Australia
9,589 posts, read 27,896,357 times
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Ft. McMurray is not tundra.
I've been there and I've seen 50-70 foot tall trees up there!

Its climate is not "arctic", but "sub-arctic"... not a whole lot different than northern Minnesota. Where it's not mined, it's northern (predominantly) coniferous forests, mixed with "muskeg" which is like swamp. There's probably no permafrost there, but perhaps 100 miles north of them.
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