The High-Stakes Gamble That Built Alberta’s Oil Sands

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The development of Alberta’s oil sands in the late 20th century transformed Canada into one of the world’s leading oil producers. This industry significantly boosted Canada’s economy, leading to job creation, infrastructure development, and substantial export revenues. Companies like Suncor Energy and Syncrude played pivotal roles in turning what was once seen as an unusable resource into a cornerstone of Canada’s economy.

The journey began in the early 20th century, when a handful of intrepid explorers first recognized the potential of the oil sands. But extracting the sticky, tar-like bitumen from the sand and clay proved to be a daunting challenge. Early attempts were met with frustration and failure, as conventional drilling methods proved ineffective in the face of such a stubborn foe.
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