This is for Albertans.. Shell and Exxon Mobil have already begun extraction..
"Canada's tar sands may get $48 billion of investment by 2012, according to Canada's National Energy Board, double the amount spent in the decade ending in 2003. As part of that, Imperial Oil Ltd., controlled by Exxon, said in November it may pay $6.5 billion to double its capacity to produce oil from tar sands.
For investors, oil sands have been a better bet than the best- known oil companies. Canadian Oil Sands Trust, which invests only in the Albertan mining projects, is up 67 percent in the past year. BP shares during that time are up 34 percent in London and Exxon Mobil, based in Irving, Texas, gained 39 percent in New York.
Current spending plans show Canada's oil sands may produce 2 million barrels a day by 2015, more than Iraq today, crude worth $29.2 billion of revenue a year at oil prices of $40 a barrel."
"Making Canada's oil sands viable would ease demand for crude from Saudi Arabia and other suppliers, Odell said. Alberta's oil sands deposits contain 174.5 billion barrels of reserves, according to the Alberta Energy and Utilities Board. That total is two-thirds of Saudi Arabia's proven reserves of 262 billion barrels."