Oil In Canada

Here is a good article on Canada's oil sands from Bloomberg.  Due to the oil sands, Canada has the world's third most proved oil reserves behind Saudi Arabia and Venezuela.  The problem with this oil is that it's not easy to extract and is environmentally messy.   The extraction cost is in the mid-$60 per barrel range, so current prices make oil sand development viable.  I didn't know all the geopolitical issues surrounding this huge oil reserve.  The interest of the Chinese and its capital are a development to watch.