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A Resource Whose Time Has Come? The Alberta oil Sands as an Economic Resource

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  • Frank. J. Atkins and Alan J. MacFadyen

Abstract

The Alberta oil sands, which comprise over 170 billion barrels of proven recoverable reserves, are a resource of an order of magnitude similar to many estimates of ultimate world conventional oil reserves. Campbell Watkins maintained a long-standing emphasis on the essential economic component of any meaningful definition of the worldÕs natural resources. The fact is that the Alberta oil sands have had a very shaky economic foundation until only recently. The intention of this paper is to examine this emerging resource from an economic perspective; one, it is hoped, similar to that which Watkins evinced, in order to fully assess the extent to which the Alberta oil sands may be regarded as being no different in any meaningful way from other oil resources.

Suggested Citation

  • Frank. J. Atkins and Alan J. MacFadyen, 2008. "A Resource Whose Time Has Come? The Alberta oil Sands as an Economic Resource," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 77-98.
    • Handle: RePEc:aen:journl:cw-sped-a06
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    Cited by:

    1. Plourde, André, 2010. "On properties of royalty and tax regimes in Alberta's oil sands," Energy Policy, Elsevier, vol. 38(8), pages 4652-4662, August.
    2. Thomas Covert & Michael Greenstone & Christopher R. Knittel, 2016. "Will We Ever Stop Using Fossil Fuels?," Journal of Economic Perspectives, American Economic Association, vol. 30(1), pages 117-138, Winter.
    3. Ta, Chung H. & Ingolfsson, Armann & Doucette, John, 2013. "A linear model for surface mining haul truck allocation incorporating shovel idle probabilities," European Journal of Operational Research, Elsevier, vol. 231(3), pages 770-778.

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    JEL classification:

    • F0 - International Economics - - General

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