Canada is in the middle of a quiet oil boom
Tar sands, long too expensive to process, help make it major U.S. source
By Peter Klein
CNBC
updated 2:29 p.m. MT, Mon., April. 7, 2008
Ft. McMurray, Alberta - With oil prices hovering near a hundred dollars a barrel, there’s a major oil boom underway. It’s not happening in the sweltering heat of Texas or the dry desert of Saudi Arabia, but on the frozen Canadian tundra where oil producers are developing a new source of fossil fuel.