Word: athabasca
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...more coal than firms that specialize in coal mining, are active in uranium production and solar power research. Exxon and Gulf are partners with Cities Service and the Canadian government in Syncrude, a company that will open a plant designed to squeeze oil at last from the famed Athabasca tar sands. The sands, in northern Alberta, have long been known to contain gigantic amounts of petroleum, but up to now the cost of extracting it has not been justified by the price. Some of the Sisters have moved heavily into metals, a field in which their geologists have considerable expertise...
...thought to lie in the great deposits of goo known as tar sands, much of which are in Canada. At present world prices, they are on the verge of becoming economical to develop. Two plants are already extracting oil from tar sands in Alberta's Athabasca fields, and Shell Canada plans to spend $4 billion for a third plant, which will start producing in the early 1980s...
...reserves, which Canadians at present have neither the capital nor the domestic markets to develop. Oil wells in Alberta, which could produce 1,700,000 bbl. daily, are now capped for lack of markets in either country. Assurance of a U.S. market also could speed development of the Athabasca tar sands, which hold an estimated 320 billion barrels of oil that could be extracted economically at prices only slightly higher than those prevailing...
Those White House Calls. Brisk demand has given fresh urgency to some projects for new oil sources. Next fall in Alberta, a $240 million plant built by a Sun Oil Co. Canadian subsidiary will begin extracting 45,000 bbl. of oil a day from the Athabasca tar sands, which contain 369 billion bbl. of recoverable oil. Interest is also reviving in Colorado's vast deposits of oil shale. Recently, some producers in Kansas, Oklahoma and Texas raised basic crude-qil prices 80 to $3,08 per bbl.-closer to the point at which extraction of oil from shale could...
...glistening commu nity hall, its own airstrip and guest house. Construction is under way on a modern $737,000 schoolhouse; in the works are a power plant, fire station and store. Yet Tyonek's conspicuous prosperity is a remarkably recent phenomenon: until the last year or so, the Athabasca Indians who largely make up the village's population of 270 lived in dismal shacks, barely subsisting by trapping and fishing. Just a decade ago, residents recall vividly, donated food had to be airlifted from Anchorage to save them from starvation...