Meeting the demand for secure energy
With enough bitumen resource to back-stop production of over 1 million barrels per day for more than 30 years, our resources will help North America in its quest to achieve energy independence.
SOURCE: IEA WORLD ENERGY OUTLOOK 2008 REFERENCE CASE
In Situ's Sustainable Energy Future
Presentation to the Energy Council (Dec 11, 2010):
Presentation to the Energy Council (PDF 1.84MB)
Even when we take conservation efforts and demand side management into consideration, global primary energy demand is expected to increase by 45 percent between now and 2030. Biomass, nuclear, hydro and all other renewables are only expected to fulfill a small portion of that demand. As energy becomes an increasingly valued commodity, North America's geopolitical interest in a secure supply of energy will only grow. Diversification into biofuels, nuclear and other hydrocarbon alternatives is a positive step in the right direction, but these alternative fuels will not eliminate the need for responsibly developed hydrocarbons.
To meet oil demand in the years ahead, it becomes even more important for us to work together to find solutions that benefit all of us. It’s not just our industry. It’s yours too.