NORTH AMERICAN OIL SANDS: HISTORY OF DEVELOPMENT, PROSPECTS FOR THE FUTURE - Energy Research Developments: Tidal Energy, Energy Efficiency and Solar Energy - page 311

[50] COS, 2004, p. 18.
[51] The generic oil sands royalty regime consists of three parts: the lease sale, a minimum
1% pre-payout gross revenue royalty, and a 25% post-payout net revenue royalty. The
payout period is the time it takes a firm to recover all allowable capital costs including a
rater of return.
[52] Oil and Gas Fiscal Regime, Alberta Resource Development of Western Canadian
Provinces and Territories, p. 39, 1999.
[53] Oil Sands, Benefits to Alberta and Canada, Today and Tomorrow, Through a Fair,
Stable and Competitive Fiscal Regime, Canadian Association of Petroleum Producers,
May 2007, Appendix B.
[54] Our Fair Share, Report of the Alberta Royalty Review Panel, September 18, 2007, p. 7.
[55] Ibid., p. 27.
[56] Overview of Canada's Oil Sands, T.D. Securities, January 2004, p. 7.
[57] The New Royalty Framework, October 25, 2007.
[58] Oil and Gas Taxation in Canada, January 2000, PriceWaterhouseCoopers.
[59] Canadian Department of Finance, Economic Statement, October 30, 2007.
[60] There are 5 PADD's in the United States. PADDs were created during World War II as
a way to organize the distribution of fuel in the United States.
[61] DOE/EIA, Annual Energy Outlook 2006 with Projections to 2030, February 2006.
[62] “Oil Sands Producers Facing Pipeline Capacity Constraints,” The Energy Daily, August
7, 2007.
[63] Greenhouse gas emissions include carbon dioxide, methane, nitrous oxide,
hydrofluorocarbons, perfluorocarbons, and sulfur hexafluoride.
[64] COS, 2004, p. 62.
[65] Ibid., p. 63.
[66] Oil Sands Fever, by Dan Woynillowicz, et al., The Pembina Institute, November 2005.
[67] COS, June 2006, p. 39.
[68] Oil Sands Fever, op. cit.
[69] Canada's Oil Sands (water conservation initiatives), pp. 66-68.
[70] Canada's Oil Sands, p. 68.
[71] Ibid., p. 69.
[72] For more on byproducts, see Canada's Oil Sands, p. 70.
[73] Ibid., p. 71.
[74] Ibid.
[75] Oil Sands Industry Update, AED, June 2006, p. 29.
[76] Section 369 of Energy Policy Act of 2005.
[77] Development of America's Strategic Unconventional Fuels Resources, September 2006,
p. 5.
[78] Oil sands account for 174 billion barrels of Canada's total 179 billion barrel oil reserves.
Further, the Alberta Energy and Utilities Board estimates that Alberta's oil sands contain
315 billion barrels of ultimately recoverable oil. Canada's Oil Sands: Opportunities and
Challenges to 2015: An Update, June 2006, National Energy Board.
[79] In-place oil is a continuous ore body that has maintained its original characteristics.