Energy Tomorrow Blog
Unintended Consequences in Alberta's Limits on Crude Output
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Dean Foreman
Posted February 19, 2019
A profound shift has taken place in North American oil markets over the past few months that’s now affecting trade between the United States and its biggest crude oil supplier, Canada.
It involves supplies of heavier crude oil – important for the manufacture of a multitude of everyday products consumers use, from local road surfaces to the roofing for their houses. While the U.S. is producing domestic crude at record levels, there’s still a need for heavier crudes.
With heavy oil from Venezuela declining for years, the importance of close ties with Canada and especially the oil-producing province Alberta has increased. Unfortunately, Alberta’s decision to limit oil production appears to be advancing uneconomic outcomes, where some U.S. refiners signaled they’ll shift away from Canadian heavy crude oil and seek supply elsewhere.
Canadian Oil Sands: ConocoPhillips' Surmont Facility
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Jane Van Ryan
Posted November 24, 2009
Video: Oil Sands Production and Reclamation at Syncrude in Alberta, Canada
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Jane Van Ryan
Posted November 23, 2009