Boom times : Période de boom, l'industrie canadienne du pétrole brut

In 2005, as a result of a 30% surge in prices, Canadian oil exporters got $30 billion for their products, up from $25 billion the year before, even though there was a slight drop in the volume of crude oil exports. [...] This article will examine trends in crude oil prices, the production and exports of Canada’s crude petroleum industry, and Canada’s imports of crude petroleum. [...] The Hibernia oil fields, located 386 kilometres off the southeast coast of Newfoundland and Labrador, produced 3.8 million cubic metres of oil in 1997, the first full year of operation. [...] With the addition of the Terra Nova offshore project in 2003, and the White Rose offshore oil platform, which was launched late in 2005, Newfoundland and Labrador now contributes nearly 20 million cubic metres of crude oil a year. [...] The financial and technological feasibility of mining the oil sands of northern Alberta has been the biggest breakthrough in crude petroleum production in Canada because oil sands production is relatively expensive.