Canadian Oil & Gas Industry Overview In 2004, the largest source of energy consumption in Canada was oil (33 percent), closely followed by natural gas (25 percent) and hydroelectricity (25 percent). Both coal (9 percent) and nuclear (7 percent) constitute a small share of the countrys overall energy mix. Over 1984-2004, the share of oil in total energy consumption has remained mostly constant, whereas natural gas has increased from 21 percent to 25 percent: most of the increase in natural gas consumption has come at the expense of coal, whose share of total energy consumption fell from 12 percent to 9 percent over that time period. Oil Overview According to Oil and Gas Journal (OGJ), Canada had a reported 179.2 billion barrels of proven oil reserves as of January 2007, second only to Saudi Arabia. The bulk of these reserves (over 95%) are oil sands deposits in Alberta, which are much more difficult to extract and process than conventional crude oil. Canadas total oil production (including all liquids) was 3.3 million bbl/d in 2006. The countr......

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