Energy Visions: Pipelines, politics and price

Canada’s proved oil and gas reserves — more than 25 billion barrels of crude oil and liquids, another 150 billion barrels of economically recoverable bitumen and more than 40 trillion cubic feet of natural gas (and perhaps as much as 1,400 trillion cubic feet of in place tight gas) — are amongst the largest and most strategically important in the world.

In 2011, total Canadian crude production stood at 2.9 million barrels per day. By 2020, that number is forecast to reach 4.2 million barrels per day, according to a June 2011 forecast by the Canadian Association of Petroleum Producers.