The economics of oil definitions: the case of Canada's oil sands
Canada has chosen to define its 174 billion barrels of oil sand bitumen reserves as crude oil deposits, putting the country on a par with Saudi Arabia in potential oil production. However, the physical and economic definition of calling oil sand bitumen crude oil needs to be questioned. On the face of it, these definitions make Canada look as powerful as OPEC's leading producer, or Russia, on the world oil market. However, a fuller analysis shows that Canadian oil sand is quite different from crude oil and that Canada will have little if any effect on the global oil market, or on OPEC. Copyright 2005 Organization of the Petroleum Exporting Countries.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 29 (2005)
Issue (Month): 1 (03)
|Contact details of provider:|| Web page: http://onlinelibrary.wiley.com/journal/10.1111/%28ISSN%291753-0237|
|Order Information:||Web: http://ordering.onlinelibrary.wiley.com/subs.asp?ref=1753-0237&doi=10.1111/%28ISSN%291753-0237|
When requesting a correction, please mention this item's handle: RePEc:bla:opecrv:v:29:y:2005:i:1:p:51-73. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.