Canadian Oil Sands Will Become Top US Crude Source
Published: Monday, 28 Jun 2010
By: Justin Solomon
CNBC Producer
As the future of offshore drilling remains in jeopardy, more investors and energy companies are focusing their attention on the US's neighbor to the north, Canada.
Canada has proven oil reserves of more than 170 billion barrels—second only to those in Saudi Arabia. Much of that crude lies beneath the tundra of Alberta in a thick oil, sand and water mixture called bitumen, more commonly called oil sand.