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Use Cases
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Resources
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Pricing
History of Canadian Oil Patch since 1973
Government/Market
OPEC formed
1960
% complete
Foreign Investment Review Agency created
1973
% complete
Petro-Canada is created and then privatized
1973 - 1991
% complete
Yom Kippur war leads to Arab oil embargo
1973
% complete
National Energy Program: "made in Canada" measures, then dismantled
1980 - 1985
% complete
Beginning of Canadian natural gas deregulation
1985
% complete
Crude oil prices deregulated through the Western Accord
1985
% complete
Income trusts created for favorable tax benefits then disappear
1986 - 2006
% complete
World oil price drops 50%
1986
% complete
Canada signs North American Free Trade Agreement with United States and Mexico
1994
% complete
China emerges as energy importing giant
2003 - 2009
% complete
Oil price shock with drop from $147 to $32
2008
% complete
Alberta Royalty Regime
2009
% complete
Investment Canada policy limiting foreign investment in Oil Sands
2012
% complete
Average annual oil price exceeds $100/barrel?
2013
% complete
Industry
Great Canadian Oil Sands uses bucket-wheel excavator system for surface mining
1967
% complete
Alberta Oil Sands Technology and Research Authority is created
1974
% complete
Steam-assisted gravity drainage (SAGD) invented by U of Calgary's Roger Butler
1978
% complete
Cyclic Steam Stimulation (CSS) is used by Imperial Oil at Cold Lake- in-situ
1985
% complete
Technology reduces cost of producing barrel of upgraded crude from $35 to $13
1986
% complete
Exxon Valdez spill in Prince WIlliam Sound Alaska
1989
% complete
Use of CHOPS recovery methods increase as pumping technology improves
1997 - 1999
% complete
SAGD commercialization- EnCana's Foster project begins production
2001
% complete
Bitumen production exceeds that of conventional crude in Alberta
2002
% complete
N.A. unconv. gas supply accelerates through horiz. drilling and hydr. fracturing
2003
% complete
Unconv. light oil using gas technologies accelerates
2005
% complete
Oil sands surpasses one million barrels/day
2006
% complete
Alberta 1st jurisdiction in N.A. with mandatory GHG targets for large emitters
2007
% complete
BP spill in Gulf of Mexico
2010
% complete
Enbridge Kalamazoo line 6B spill
2010
% complete
SAGD- Diversification & Modularization
2012
% complete
Social & Environmental
West coast drilling moratorium
1972 - 2013
% complete
Berger Mackenzie Valley inquiry- lack of aboriginal social resilience
1974 - 1977
% complete
Mackenzie Valley pipeline moratorium
1977 - 2011
% complete
Aboriginal rights enshrined with repatriation of the constitution
1982
% complete
Regional Air Quality Coordinating Committee formed to monitor oilsands air
1987
% complete
Kyoto agreement
1997
% complete
Canada ratifies then withdraws from Kyoto agreement
2002 - 2011
% complete
Al Gore's An Inconvenient Truth is released
2006
% complete
Northern Gateway pipeline opposition
2010
% complete
Gateway hearings- spill risk off oil & unresolved treaty rights
2011
% complete
Joint Canada-Alberta Plan for Oil Sands Monitoring
2012
% complete
Lower Athabasca Regional Plan
2012
% complete
Obama rejects Keystone XL proposal
2012
% complete