Canada has world's largest oil basin: Sand Dollars

SAND DOLLARS U.S. News & World Report

"It's the largest oil basin in the world next to the largest oil market in the world."
-- John Rogers, vice president for investor relations at Calgary-based Suncor

Early explorers of western Canada noticed Indians sealing the seams of their canoes with a thick, black muck that smelled like coal and oozed out of the ground along the riverbanks. Speculators tried drilling for oil there in the early 1900s, but all they hit was sand. Over decades of painful trial and error, the oil industry learned that only tremendous amounts of labor, heat, and water could unlock the fuel embedded in these massive underground pools.

New technology makes it easier to tap Canada's oil reserves:
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