Increasing production
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Numbers from CAPP's "2012 Crude Oil Forecast"
- Since the oil price increases of the early 2000's, Alberta's oil sands industry has been booming.
- In 2011, the oil sands accounted for 53% of Canada's total oil production. source
- By 2020 the oil sands are predicted to account for 68% of Canada's total oil production. source
It is clear that the oil sands industry is not going away any time soon. The problems that come with this industry must be addressed and dealt with in order to guarantee that the least amount of harm is done.