Adding Significant Oil in Iraq, Brazil, Canada and the United States
Canada will be adding a little of 1 million barrels of oil per day from now to 2020. More could be added if oil prices stay strong.
Economics coming into line for some projects
-Driven by stronger oil prices and lower costs
-Projects under construction:
•Imperial Kearl Lake
•Shell Jackpine and Shell upgrader including Quest CCS project
•Suncor Firebag Phases 3 and 4
•Devon Jackfish Phase 3 application in 2010
•Cenovus Christina Lake –application for phases E, F, G
•ConocoPhillips/Total –Surmount phase 2
•Husky/BP –Sunrise phase 1
-Enhanced Oil/Tight Oil
•Technology enabled plays such as the Bakken, Cardium and Viking (multi-frac horizontal wells)
•Narrow Light/Heavy Differentials
-Good news for heavy oil projects
-Tough for stand alone upgraders in the short term
•Competing against existing capacity left empty by Venezuela and Mexico
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.