Where does Canada rank in world's oil supplies?
Naturally occurring crude asphalt/bitumen impregnated in sedimentary rock is the prime feed stock for petroleum production from "Oil sands", currently under development in Alberta, Canada. Canada has most of the world's supply of natural asphalt/bitumen, covering 140,000 square kilometres (an area larger than England), giving it the second-largest proven oil reserves in the world. The Athabasca oil sands is the largest asphalt/bitumen deposit in Canada and the only one accessible to surface mining, although recent technological breakthroughs have resulted in deeper deposits becoming producible by in situ methods. Because of oil price increases after 2003, producing bitumen became highly profitable, but as a result of the decline after 2014 it became uneconomic to build new plants again. By 2014, Canadian crude asphalt/bitumen production averaged about 2.3 million barrels (370,000 m3) per day and was projected to rise to 4.4 million barrels (700,000 m3) per day by 2020. The total amount of crude asphalt/bitumen in Alberta which could be extracted is estimated to be about 310 billion barrels (50×10^9 m3), which at a rate of 4,400,000 barrels per day (700,000 m3/d) would last about 200 years.