Alberta Oil Sands Proving Rich for Developers.

0 Comments | M2 Presswire, April, 2006

M2 PRESSWIRE-6 April 2006-Axcess News: Alberta Oil Sands Proving Rich for Developers(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:06042006 New York - In a story published in early March, AXcess News covered the Canadian oil sands being developed in Alberta where government figures put the reserves second only to Saudi Arabia.

Today, after the U.S. Department of Energy reported that crude oil stocks rose 2.1 million barrels, traders concern over world supplies pushed crude oil up over $1 per barrel, or 3 percent. This morning, Peoria, Illinois-based Caterpillar, Inc. (NYSE: CAT) said that stands to gain as much as $5 billion in sales as a boom in oil squeezed from Canadian sand boosts demand for mining trucks and parts. Syncrude Canada Ltd., Suncor Energy Inc....

Read the rest of this article with a Free Trial at HighBeam Research.
Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works. HighBeam Research
 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:
  1. You are currently: a Guest |
  4.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)