12 Incredible Facts About Canada's Oil Sands

oil sands canada

Photo: Louis Helbig: www.beautifuldestruction.ca

This is part of our series on the Alberta oil sands.

This week our reporter Robert Johnson is on a mission to explore the third largest source of oil in the world: the Canadian oil sands. 

The United States already imports more oil from Canada than anywhere else. But with oil prices on the rise, the controversial oil sands are likely to become even more economically viable, despite experts’ warnings about environmental risks.  

Of Canada's 175 billion barrels of oil that can be recovered, 170 billion barrels come from the oil sands in the Alberta region.

Canada has about 9 times as much proven oil reserves as the United States (around 22 billion barrels).

The country has enough oil to fuel its own oil demand for about 266 years (if they stopped exporting their oil).

Calculated based on Canada's 1.8 million barrels/day oil consumption.

New oil sands development is expected to generate $84 billion per year — enough to feed more than 90% of Canadian households for one year.

Canada supplies 25% of U.S. crude oil imports, more than double that of Saudi Arabia.

The oil sands cover 54,826 square miles, an area bigger than England and almost the size of Florida.

It takes about two tons of mined oil sands to produce one barrel of crude oil. One operating mine in Alberta has excavated more soil than the Great Pyramid of Cheops, the Great Wall of China, the Suez Canal and the world's 10 biggest dams combined.

Oil sands operations divert 349 million cubic meters of water per year from the local river — twice that used by the city of Calgary.

The total size of the lakes made from oil extraction is bigger than Vancouver.

Producing a barrel of tar sand oil emits three times more greenhouse gases than producing a barrel of conventional oil.

Oil sands production uses enough natural gas in a day to heat 3 million homes in Canada.

The world's oil sands production went up 225% in the last decade.

Source: IHS CERA

Business Insider's last oil expedition was to the fracking capital

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