Canadian Tar Sands Set to be Major Source of Oil for the U.S.; and Global Resource Corporation (GBRC.PK) has a Solution for the Industry
The Canadian Oil Sands may be Western Canada’s new “Black Gold”. The activity is much like an “oil boom” of old. There are 175 billion barrels of proven oil reserves there. Within a few years, the oil sands are likely to become more important to the United States than all the oil that comes to us from Saudi Arabia. The oil sands represent the primary feed stock for petroleum production throughout the entire Albertan Oil Region. Today’s oil pricing levels have made the extraction of oil from the tar sands much more attractive than in the past. The reserves…
