Its Syncrude's Oil That Is Powering Canada's Wealth

Its Syncrude's Oil That Is Powering Canada's Wealth

by Bamp U Kin

Ever since the Canadian explorer Alexander McKenzie repaired his canoe with tar derived from the Athabasca "Tar Sands" the Canadian province of Alberta always knew that they had a most wonderful asset for the future with a giant source of Alberta's "black gold".

Its no secret in Alberta , or in the commercial corridors of Edmonton and Alberta that Fort McMurray has had its economy set on fire. Vibrant yet solid and honest it is no wonder that the "Fort" has become the regional center for the Northern Alberta Oil Sands projects and economy. All of Canada has benefited from the prosperity of this "black gold". Yet its not only consumers who benefit throughout North America with a reliable source of North American source of oil. Business throughout Canada and especially the Canadian province of Alberta has reaped the windfall. Just try to get delivery of a <a href="http://www.parkmazda.ca/en/new/mazda/#cars">new Mazda3 in Fort McMurray or even in Edmonton</a> and you will get a taste of the spread of cash money from this resource.

Canada's population is accorded at 33 million , Alberta's at 3.6 million basically 10 % of Canada's population. Yet the city of Fort McMurray with a population of only 65,000 is a future economic dynamo when it comes to driving Canada's and Alberta's present and future economic and financial health and well being.

Housing prices in Fort McMurray is at its peak and is the costliest in all of Alberta despite its remoteness. The city's natural beauty remains pure and unadulterated and provides for unparalleled vacation experiences. There are in-numerous sand dunes to be explored, trails to be hiked and pristine waters waiting to be fished.

Fort McMurray Alberta has pleasant summers when the temperature ranges between 10 to 16 degrees centigrade but the winters can be quite cold with the temperatures reaching -18. 8 degrees centigrade and an average snowfall of up to 61. 3 inches. Situated in the boreal forest where the Clearwater River and the Athabasca River meet, it is at a distance of 37 miles (60 kms) on the Westside of Saskatchewan and about 270 miles (435 kms) northeast of Edmonton's highway 63.

The downside of all of this prosperity that the Athabasca regional area is experiencing and enjoying is that the basis of the whole local economy is not diversified. Sure people may have other jobs , do other things and be in service industries - such as restaurants , bars , real estate or work in the health care fields in hospitals and clinics , yet in the end all the work and money is derived from the main industrial underpinning in the area - oil taken and extracted by high tech techniques of steam extraction of the mined Athabasca tar oil sands.

Fort McMurray is Alberta's new frontier. Its "gold" boom town so to speak based on the new black gold - oil that is relatively easy to extract and is profitable to process at today's high crude oil prices. The economy and the growth of the whole industry and whole area depends to a great extent on continued high oil crude oil prices. It is only profitable to extract the crude oil from the tar sands at a given crude oil price. A lot of energy , and water which is in short supply as well , in processing the crude from the oil sand base. New extraction processes could come into development and into play , which require less fuel to extract the crude oil. Other processes , techniques and procedures are being looked at , and are in the research phases to require less precious water in the extraction process and the whole manufacturing process and sequence. Only time will tell the long term viability of this special economy as a whole.



Highway 63 is the only highway between <a href="http://tinyurl.com/bqu6kox">Fort McMurray and Edmonton</a>. Due to the industrial demands of the oilsands, Highway 63 boasts some of the highest tonnage per milein Canada, and the largest and heaviest loads that trucks have ever carried. Construction to twin Highway 63 by the Government of Alberta is currently underway

---------------------------------------------------
You are receiving this because you signed up for it on 2012-04-22 from IP 114.79.13.119
To fine-tune your selection of which articles to receive, just login here:

http://www.uniquearticlewizard.com/bloggers/

using your username:

To unsubscribe please use the following link:

http://www.uniquearticlewizard.com/unsubscribe.php?mail=wisatanusantara3.alankoesumah@blogger.com&code=d48035f43fb1db56998290ec5232b52c
---------------------------------------------------