Canada's oil sands contain the largest known reserve of oil in the world. An estimated 2.0 to 2.75 trillion barrels of oil are embedded in a complex mixture of sand, water and clay. The most prominent theory of how this vast resource was formed suggests that light crude oil from southern Alberta migrated north and east with the same pressures that formed the Rocky Mountains. Over time, the actions of water and bacteria transformed the light crude into bitumen, a much heavier, carbon rich, and extremely viscous oil. The percentage of bitumen in oil sand can range from 1% -20%. The oil saturated sand deposits left over from ancient rivers in three main areas, Peace River, Cold Lake and Athabasca.
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