All posts tagged 'environment'
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Posted @ 3/6/2012 3:23 AM By Graham Hicks
Oil's well with Alberta energy 6 BY GRAHAM HICKS ,EDMONTON SUNFIRST POSTED: SATURDAY, MARCH 03, 2012 12:29 PM MST | UPDATED: SATURDAY, MARCH 03, 2012 12:39 PM MST 1Change text size for the storyPrint this storyReport an error If you’re going to understand the nature of business in Edmonton, understand just one thing.All roads lead to energy.Oil, natural gas, and that poor kid on the wrong side of the environmental tracks, coal.You likely know the essentials – 300 to 600 million years ago, all things lush and green were deeply buried and eventually decayed into hydrocarbon molecules.Mother Nature did us a big favour, pushing up the Rockies so those hydrocarbons oozed eastward and were concentrated under what happily happened to be Alberta.Generally speaking, natural gas is really deep, conventional oil is deep, and heavy oil close to the surface. Alberta sits on top of one of the world’s 40 major oil basins.Ever since the Leduc #1 oil well hit pay dirt in 1947, we have fretted over oil’s end.Once the big under ...