Maybe not as well as you think. The oil sands are a different can of worms. There are huge sunken costs associated with producing oil from tar sands and the cost benefit ratio won’t be good if the govt goes ahead with this plan. It’s far cheaper to operate elsewhere, Iraq for instance (in the near future).
I’ve never been north of Calgary but I’m familiar with development costs of the Fort McMurry projects. Iraq may have cheaper development costs but nobody’s shooting at you in Alberta...
You are right about Iraq. Looks bad now, but in 5 years? Rumor has it that the potential reserves under that country are more than the real reserves under the Gulf/in Iran. I believe this rumor because I heard the same about Mexico in 1960.