What does Oil Sands mean?
Oil sands are a mixture of sand, water, clay and bitumen. Oil sands, like oil and gas, are found in nature and is extracted from underground. Oil sand is refined to make oil and ultimately fuel.
Futures Knowledge Explains Oil Sands
Bitumen in oil sands is too heavy or thick to flow or be pumped without being diluted or heated. At 50° F, bitumen is hard as a hockey puck. Oil sand industry uses latest advanced technology to extract, process and produce oil from oil sands.
Oil sand is found in Venezuela, USA, Russia, Canada and other locations around the globe, but the Athabasca deposit in Alberta, Canada is the largest oil sand producing zone.