Growing pains for Alberta oil sands
National Energy Board bets on C$94B in capital spending and 3-fold production increase by 2015, but sees mountain of challenges
For Petroleum News
Whether itís 3 million barrels per day as forecast by Canadaís National Energy Board or 3.5 million bpd as predicted by the Canadian Association of Petroleum Producers, the outlook for oil sands production over the next 10 years is both bullish and bearish.
In simple terms, the two organizations are....
[additional news subjects in this story]
NEB estimates up 40% since 2004
CAPP estimates 3.5 million bpd by 2015
Oil sands rights in high demand
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