Tuesday, January 24, 2006

Alberta's Oil Sands on 60 Minutes

Alberta's oil sands were documented on 60 Minutes as noted in this Globe and Mail article:
Normally, a visit from the 60 Minutes film crew isn't exactly a good omen, unless you enjoy getting sued or going to jail.

But the CBS program's glowing take on Alberta's oil sands may have been just the push Canada's stock market needed to soar to a fresh record yesterday.

Portraying the vast oil sands as the answer to America's energy woes for decades to come, the program quoted one energy executive, Shell Canada boss Clive Mather, predicting the region could ultimately hold two trillion barrels of oil, or roughly eight times the reserves of Saudi Arabia.
Full article at this link.

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