Canadian Oil (btw some information is about oil sands cause it was easier to find so......)

What impacts does Canada's oil trade have socially and with other resources in Canada?

Social (in Alberta)

Because of oil industries, some places in Canada have really high housing costs and taxes for the roads and water sewage services. Habitants of areas with oil sands say that the healthcare, social services, education, and crime prevention are not enough to meet the demands of the citizens.

First nations (Alberta)

Because of oil industries, some places in Canada have really high housing costs and taxes for the roads and water sewage services. Habitants of areas with oil sands say that the healthcare, social services, education, and crime prevention are not enough to meet the demands of the citizens.

Economy (Alberta)

Alberta’s economy is growing because of the oil sands but, people in Alberta are wondering if it was worth it. This is because the housing prices and taxes have gone up, and are hurting the agriculture and manufacturing industries. Living in Alberta supposedly coasts too much( Fort McMurray is supposedly has one of the highest living costs).

Where does Canada export and import oil? and why is oil important to the Canadian economy?

Canada exports $231 billion worth of natural resources (mainly) to China, England, and the United States, but the USA is considered one of Canada’s biggest trade partners. The United States imported 43% of its crude oil from Canada in 2015, and Canada received almost all(92%) of the United States’ crude oil exports in the same year. Canada’s oil production is said to increase to around 260 000 bpd(barrels per day), and because the production will be greater, the export is also expected to grow. Canada has $598 billion dollars invested in its energy resources and has planned over 400 different projects for Canadian natural resources, for the next ten years. The oil industry(combined with the rest of the energy industries) created 259 000 jobs in Canada during 2015.
Why is oil convenient?
  1. Oil is convenient because it can easily be transported from one place to the other with because it’s dense.
  2. People who use oil do not have to worry about where their products came from because oil from every country can be used everywhere. This is because of centralization, which means all oil is made to have (near) identical properties before it is sold.
  3. Another reason why oil is convenient is that its function does not depend on other things like weather(as it would with solar and wind energy) or or tide.
  4. Is currently highly available to consumers of the product

How is oil extracted in Canada? And what are the difficulties with doing so?

Oil sands are usually found in wetlands that must be drained for the process of extracting to take place. The land must be rid of all moss, trees, and soil so that the land is left with no wildlife and a sandy material is exposed. The sand is picked up by large steam shovels that burn around 16 000 litre of diesel every day. The steam shovels take the sand into dump trucks and are taken to extraction plants where the sand is processed and separated from bitumen (“a black viscous mixture of hydrocarbons obtained naturally or as a residue from petroleum distillation. It is used for road surfacing and roofing”- the encyclopedia that google uses). Steam is then injected into the bitumen at 530˚c to make the bitumen thinner and reduce its viscosity so it may pass through drains and pipes to be processed. After processing the bitumen must go through further processing for it to be turned into gasoline and other petroleum products.

A problem with the oil sands is that to get an oil sands project to start a barrel of oil must be sold at a minimum of $100.00, if the price is any lower, the project will not start. Another problem with oil sands is that shipping the barrels of oil costs a minimum of $10.00 each, which cuts into the business’s profits. One of the biggest problem with harvesting oil sands is that the Saudi Arabian minister of oil has predicted that fossils fuels will have all been extracted by the year 2040.

Is oil a renewable resource?

No, oil is not a renewable source of energy, though theorists believe that oil might be a renewable resource because of the way synthetic oils are being created. People[more theorists(this time in Russia)] also believe that oil is created by a biochemical reaction that occurs very deep inside the earth because of extreme heat and pressure. Because of this theory, the Russian oil industry wells 30-40 000 ft. underground and has welled more than 310 more since their discovery. But, the real oil that comes from oil sands and other extraction ways is not renewable.

What are some factors that have maintained Canada's oil?

Canada does not keep all its oil to itself because Canada has the third largest oil reserve. The two countries with the largest oil reserve before Canada’s are Venezuela and Saudi Arabia. Canada produces more oil than it needs inside the country, and 28% of Canada’s exports are of crude oil, natural gas, and other petroleum products. Canada’s oil industry takes up around 11% of Canada’s GDP and raises the economy by employing around 740 000 people.

Canada makes sure that pipeline leaks and damage is at a minimum by using leak detection systems that monitor flow, pressure, and characteristics of the oil passing through. over the course of twenty years Canada has also made and put in place some regulations and standards. The National Energy Board has also put the responsibility of preventing and being aware of an upcoming danger with the oil in the hands of the oil/ pipeline companies.

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