Yes, there are billions pouring in because it is government controlled but there are not those billions pouring out. The project is nothing more than an experiment like ethanol.
Canada is also building Nuclear power plants and is going unanimously “green” as in “Greenpeace”. Oil is a bad word in Canada these days.
Many of their drilling technicians have been forced to come down here to find work. The industry as a whole in Canada is not looking good.
Again, factually incorrect. Seems your understanding of the Oil Business is based on reading Greenpeace press releases. So which Enviromental pressure group do you work for?
What? The Alberta Oils sands have been in continuous commercial production for over 40 years. They produced their billionth barrel back in 1998.
Oil Sands History
http://www.syncrude.ca/users/folder.asp?FolderID=5657
In 2006 Alberta’s oil sands were the source of about 62 per cent of the province’s total crude oil and equivalent production and about 47 per cent of all crude oil and equivalent produced in Canada.
Annual oil sands production is growing steadily as the industry matures. Output of marketable oil sands production increased to 1.126 million barrels per day (bbl/d) in 2006. With anticipated growth, this level of production could reach 3 million barrels per day by 2020 and possibly even 5 million barrels per day by 2030.
Alberta.ca > Energy Home > Our Business > Oil Sands
http://www.energy.gov.ab.ca/OurBusiness/oilsands.asp
The experiment stage ended decades ago. It is not government controlled but investor owned commercial facilities.
The industry is investing over $150 billion in Alberta oilsands in new facilities and expansions.
Inventory of Major Alberta Projects
http://www.alberta-canada.com/statpub/albertaConstructionProjects/mpindex.cfm
Scroll down, select “Oilsands” and click “Submit”