Monday 3 October 2011

News: New Oil Ventures Begin admist Fluctuating Oil Prices

Despite the fluctuating oil prices this season many new oil projects have begun work in previously unheard of locations. Places that were deemed unfit for oil extraction earlier have now become on the development target list such as in Alberta Canada where the sands protect a wealth of oil.

Due ot the difficult location Alberta has never been considered for oil extraction before but these new methods have set up this oil desert on the chopping block.

This is an ongoing project with many flaws still being looked at such as how to deal with the excessive carbon dioxide emissions form the extraction process. The Canadian government is working alongside many oil companies to address these issues and begin work on the oil extraction in Alberta.

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