Canada Oil Sands provides you with an updated view of the prospects for the future development of Canada oil sands resource, based on two specially-developed scenarios for economic, environmental and political  developments in the aftermath of the global recession

Two Scenarios

Love Thy Neighbour - a moderately optimistic scenario, it assumes the major countries cooperate and adopt the necessary fiscal and monetary policies to make the current recession relatively short and ensure economic growth is strong and lasting thereafter. In this scenario, a new spirit of global cooperation helps to bolster global environmentalism.

Beggar Thy Neighbour - a pessimistic scenario, it assumes the global recession is longer and deeper, due to a second dip in 2010, and sustainable growth is substantially slower than in the recent past. A breakdown in major power cooperation prolongs the global recession and leads an authoritarian bloc led by China and Russia to challenge the Western countries for dominance. The global environmental movement is obstructed in this scenario.

The ramifications of these two global scenarios differ greatly for world energy and oil markets and, in particular, for the development of Canada oil sands.

Excerpt from Canada Oil Sands

"Prior to the global recession, the future of Canada oil sands seemed extremely bright due to impressive technological advances both in surface mining and in situ recovery techniques, higher oil prices and concerns about energy security by major oil consumers such as the USA.

However, the collapse in oil prices in the second half of 2008 and growing environmental pressure in the USA has cast a shadow over the Canada oil sands..."

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