Word: bbl
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Dates: during 2000-2009
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...seat home of the Toronto Blue Jays (now called Rogers Centre) with sticky, bitumen-laced soil from the Aurora North mine in a weekend is mind-boggling. But it puts the business conducted on this chunk of boreal real estate into perspective: there are 173 billion bbl. of crude contained in an area roughly the size of Florida. It just...
Syncrude, headquartered just north of Alberta's booming Fort McMurray, is a consortium of U.S. and Canadian oil companies including Imperial, Petro-Canada and ConocoPhilips that produces 350,000 bbl. of light, sweet crude per day from tar sands at three mines on the banks of the Athabasca River. About two-thirds of that gets piped to the U.S. Syncrude accounts for about 27% of the 1.3 million bbl. extracted by oil companies every 24 hours from this stark landscape of jack pine, spruce and poplar forests shot through by a bright northern light...
...partners--as the biggest oil boom in North American history hits terminal velocity. An estimated $124 billion will be invested from 2007 to 2012, according to the Athabasca Regional Issues Working Group, an industry association. Production in Alberta's oil sands will more than quadruple, to about 5 million bbl. daily, by 2015; Canada currently exports an average of 1.9 million bbl. daily (from all sources) to the U.S., more than any country, including Saudi Arabia. That's about 20% of total U.S. imports. "Canada has emerged as an energy superpower," says economist Peter Tertzakian of Calgary-based ARC Financial...
...extremely important to U.S. energy security," says Rob Routs, executive director of oil sands at Netherlands-based Royal Dutch Shell PLC, the world's No. 2 oil company, with annual revenue of $355.8 billion, which plans to boost production in Canada's north nearly fivefold, to 700,000 bbl. per day, by the middle of the next decade...
...STAY WARM The price of wheat reached an all-time high of more than $12 per bu. on Feb. 25. The culprit, in part, was the price of crude oil, which has surged back above $100 per bbl. Ironically, high prices for basic foods like potatoes and eggs have also been causing unrest in the oil-rich Middle East...