canadianenergy.com - Canadian Oil And Gas

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Oil reserves in Canada were estimated at 172 billion barrels (27 × 10 ^ 9   m 3 ) as of the start of 2015. This figure includes the oil sands reserves that are estimated by government regulators to be economically producible at current prices using current technology. According to this figure, Canada's reserves are third only to Venezuela and Saudi Arabia . Over 95% of these reserves are in the oil sands deposits in the province of Alberta . Alberta contains nearly all of Canada's oil sands and much of its

Canada has a highly sophisticated energy industry and is both an importer and exporter of oil and refined products. In 2006, in addition to producing 1.2 billion barrels (190 × 10 ^ 6   m 3 ) , Canada imported 440 million barrels (70 × 10 ^ 6   m 3 ) , consumed 800 million barrels (130 × 10 ^ 6   m 3 ) itself, and exported 840 million barrels (134 × 10 ^ 6   m 3 ) to the U.S. The excess of exports over imports was 400 million barrels (64 × 10 ^ 6   m 3 ) . Over 99% of Canadian oil exports are sent to the Un

Fossil fuels are fuels formed by natural processes such as anaerobic decomposition of buried dead organisms . The age of the organisms and their resulting fossil fuels is typically millions of years, and sometimes exceeds 650 million years. Fossil fuels contain high percentages of carbon and include coal , petroleum and natural gas . Other more commonly used derivatives of fossil fuels include kerosene and propane . They range from volatile materials with low carbon : hydrogen ratios like methane , to liqui

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