By David Breen
This booklet is the showpiece of the heritage undertaking. It info the Board's early years, describes occasions, explains why they occurred, and introduces us to the various personalities who made them occur. Dr. Breen has hired his exacting criteria for targeted examine and research in getting ready this paintings, and he has written it in a method that informs whereas it keeps our curiosity. For this, the Board is grateful. distinctive thank you also are as a result of these participants, basically former Board employees participants, who committed a lot time and a spotlight to the gathering and synthesis of the mass of knowledge. This booklet bargains with the 1st 20 years of the Board's background. The efforts of Dr. Breen and his learn assistants go away a checklist that may facilitate extra targeted research and critical written works at the Board's later historical past.
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Additional info for Alberta's Petroleum Industry and Conservation Board
Injected into the reservoir with water, they decrease surface tension and help to break the oil into droplets and thus ease its removal from the rock pores. Ther- — xlix INTRODUCTION mal methods are sometimes part of the initial recovery process applied in Alberta heavy oil and oil-sands reservoirs. They utilize the injection of heat to reduce the viscosity of the reservoir oil and to constitute an improved displacement mechanism. Gas Flaring The tremendous glow generated from flared gas was sufficient in the 1930s to keep the Turner Valley oilfield almost in a state of perpetual daylight.
Known as the "majors," these are companies that integrate all four of the basic industry activities—producing, transporting, refining and retail selling. The integrated corporation usu- liiINTRODUCTION ally has co-ordinated control over every stage of the oil flow and a potential profit centre in each of the four sectors. In contrast to the cost of entering the production sector, the capital cost of acquiring a presence in the refining and pipeline areas is extremely high. John D. Rockefeller, the first of the great oil barons, was quick to realize the advantage to be gained through the control of refining and transporting in the maintenance of industry stability and profit.
In contrast to the cost of entering the production sector, the capital cost of acquiring a presence in the refining and pipeline areas is extremely high. John D. Rockefeller, the first of the great oil barons, was quick to realize the advantage to be gained through the control of refining and transporting in the maintenance of industry stability and profit. Although their dominance is readily apparent, this is not the feature that distinguishes the North American petroleum industry from the offshore industry.