Oil sands dating

16-Nov-2017 15:14

This year alone, oil majors have sold over .5 billion of assets in Canada's energy industry, and been lured south to invest in the higher returns of US shale.

Doing so has deepened the company's dependence on an oil source that some economists say Since 2007, Exxon's tar sands reserves grew to 5.1 billion barrels from 1.4 billion barrels, nearly quadrupling.A fossil fuel, petroleum is formed when large quantities of dead organisms, usually zooplankton and algae, are buried underneath sedimentary rock and subjected to both intense heat and pressure.