Oil sands a ‘sound’ betDrive Canada to new crude oil production high in ’03 and are poised to grow even more because of expected 50% rise in global demand by 2020 Gary Park Petroleum News Calgary Correspondent
Canadian crude oil production grew by 5.5 percent in 2003, bolstering an investment dealer’s view that the Alberta oil sands are the place to invest.
Statistics Canada, a federal government agency, reported Feb. 23 that the year-over-year oil output climbed to 2.49 million barrels per day from 2.36....
[additional news subjects in this story]
December oil up, gas down No exploration gamble with oil sands
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