Sometimes it sucks to have our economy linked to oil. Wonder how long before Bush invades? 
"Canada's oil production will rise to at least 3.3 million barrels a day by 2010, according to CAPP estimates, from 2.6 million now coming out of the ground. Production from the oilsands is expected to double to two million barrels, while conventional production is seen to stay flat at one million barrels from Western Canada and decline to about 250,000 from Newfoundland's offshore.
The jump will lift Canada from the ninth largest oil producer in the world to seventh, after Saudi Arabia, Russia, the United States, Iran, China and Mexico, and ahead of Norway and Venezuela. Five years after that, in 2015, Canada is expected to rise further to fourth spot, moving ahead of Iran, China and Mexico, as oilsands volumes expand to an estimated three million barrels a day.
On the natural gas front, Canadian production is expected to rise as much as 20% to 20 billion cubic feet a day over the same period, from the current 17 billion cubic feet, firming up Canada's rank as the world's No. 3 natural gas producer after Russia and the United States, according to industry estimates. Most of the new production is expected to come from coalbed methane and the Arctic, assuming the Mackenzie gas pipeline has been completed."
http://www.canada.com/nationalpost/f...d876e8&k=21603
"Canada's oil production will rise to at least 3.3 million barrels a day by 2010, according to CAPP estimates, from 2.6 million now coming out of the ground. Production from the oilsands is expected to double to two million barrels, while conventional production is seen to stay flat at one million barrels from Western Canada and decline to about 250,000 from Newfoundland's offshore.
The jump will lift Canada from the ninth largest oil producer in the world to seventh, after Saudi Arabia, Russia, the United States, Iran, China and Mexico, and ahead of Norway and Venezuela. Five years after that, in 2015, Canada is expected to rise further to fourth spot, moving ahead of Iran, China and Mexico, as oilsands volumes expand to an estimated three million barrels a day.
On the natural gas front, Canadian production is expected to rise as much as 20% to 20 billion cubic feet a day over the same period, from the current 17 billion cubic feet, firming up Canada's rank as the world's No. 3 natural gas producer after Russia and the United States, according to industry estimates. Most of the new production is expected to come from coalbed methane and the Arctic, assuming the Mackenzie gas pipeline has been completed."
http://www.canada.com/nationalpost/f...d876e8&k=21603
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