Trillions To Be Invested in Canadian Oil Sands -- Not a Bakken Story

When anyone says "trillions" will be invested in anything -- that catches my attention.

The recession that clouded the future of oilsands development two years ago has lifted and clear skies beckon trillions of dollars of investment, according to a report released Monday.

Over the next 25 years, through 2035, $2.077 trillion will be invested in building and maintaining the oilsands, according to the Canadian Energy Research Institute.

Canada is predicting as much as five (5) million bbls of oil per day from western oil sands.

Perhaps this explains why TransCanada seems so eager to get Keystone XL routing, leases, permits, etc., even while waiting for US federal approval. They have to ship their oil somewhere.