Big, bad oil in all its glory
Financial Post
Saturday, September 29, 2007
STUPID TO THE LAST DROP: HOW ALBERTA IS BRINGING ENVIRONMENTAL ARMAGEDDON TO CANADA (AND DOESN'T SEEM TO CARE)
William Marsden,
Alfred A. Knopf Canada
256 pp. $29.95 (Available Oct. 2)
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The rise of the loonie has been partially explained by the price of oil, which recently hit a record of almost US$84 a barrel. The Canadian economy has the world's attention because Alberta's oilsands contain an estimated 174 billion barrels of oil, the second-largest oil reserve tally after Saudi Arabia.