Whenever someone makes a projection that's more than 15 years out, you have to take it with a grain of salt. Even if you were to give a large margin of error to Canadian oil production estimates, it still appears that they are overreaching. The most recent estimate from the Canadian Association of Petroleum Producers says that Canada will double its oil production by 2030, with oil sands being the driving force behind it.
Just as it may be a stretch to estimate oil production 15 years from now, it would be just as silly to say that those estimate could never come true. To make them happen, though, there are several hurdles that Canadian oil sands will need to overcome if they ever hope to meet these lofty goals. In this video, Fool.com contributors Tyler Crowe and Aimee Duffy look at some of the major political and operational issues that will need to be addressed before Canada can live up to CAPP's projections.
Fool contributors Aimee Duffy and Tyler Crowe have no position in any stocks mentioned. The Motley Fool recommends Canadian National Railway and Total. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.