Alberta Oil Sands

Only available on StudyMode
  • Download(s) : 82
  • Published : May 28, 2013
Open Document
Text Preview
* Oil sand made Canada the #1 foreign supplier of oil to the U.S. * Oil sands provide Canada a secure source of energy.
* The alberta oil sands generate huge profits
* Provide thousands of jobs. About 136, 000 albertans are directly employed, that’s one of every 15 jobs in the province * Alberta companies have signed millions of dollars in contracts with companies throughout Canada to support activity in the oil sands * Oils sands development creates jobs outside of Alberta * Over the next 25 years, oil sands are forecast by CERI to require more than 450, 000 annual work positions across Canada * Much of the resultant oil is exported to the U.S. which boosts Canadian foreign currency reserves. * There is limited supply of oil. Discoveries of new oil have reached the highest point. The oils sands give us a longer time to find alternatives sources of energy * Creates billions of dollars in economic investment and government revenues. * The Canadian oil sands have a significant role to play in providing North America a means to reduce dependence on petroleum energy supply from the middle-east and other less secure regions * In reality, the oilsands have quickly become one of the entire country’s most vibrant job creators. * the oilsands represent a massive and growing tax base for municipalities, provincial governments and Ottawa: nearly half a trillion dollars in taxes and royalties are expected to flow to levels of government across the country. In a nation of just 34 million people, that’s like handing each and every man, woman and child a cheque for $14,400 worth of government services, or nearly $58,000 for a family of four. That’s money that can be spent on hospitals, schools, and all manner of other social programs that will benefit all Canadians. * The oilsands, though, has quickly become the largest employer of First Nations people in the country, offering them valuable skills and a way for their communities to permanently end their generations-old dependency on the federal government. * In 2008 alone, the oilsands provided more than $575 million worth of contract work to aboriginal-run firms in Northern Alberta; in the last decade, companies owned by First Nations people and bands, collected more than $3 billion from oilsands-related contracts. The tiny Fort McKay First Nation counts just 648 people in its band: it collects more than $100 million in revenue through the companies it owns that service oilsands producers. That’s more than $150,000 for every single person in the community. * Canada is the largest supplier of oil to the U.S. When the U.S. imports oil from Canada, the spin-off economic benefits are substantial. * What do Canada's oil sands have to do with the United States? * Canada is the largest supplier of oil to the U.S.

* For every two jobs created in Canada from the oil sands, a third job is created in the U.S. * Oil sands development is projected to generate $521 billion in economic activity in the U.S. over the next 25 years * What American jobs are created by oil sands development? * Refineries across the U.S. are hiring workers to build new units that can process oil sands output. * New pipelines are needed, creating thousands of jobs, to transport all that energy. * Most of the giant trucks used to produce the oil sands are manufactured in Illinois. * Much of the software to run the complex production systems comes from California's Silicon Valley. * The oil sands industry is demanding leading-edge water treatment systems, environmental technology, hydrocarbon processing equipment, and countless other goods and services, much of it imported from across the U.S. * Within Canada, Alberta will see the highest increase in employment as well as labour income. Approximately 68 percent of the total jobs created within Canada (3.6 million person years would be created in Alberta....
tracking img