As reported by Dale Crofts through Bloomberg, Canada may increase its output from Alberta's oil sands sixfold in the next 25 years, according to a government energy adviser. Canada is the largest supplier of crude oil to the U.S.

According to the article, a senior energy adviser at the Canadian Department of Industry says Alberta may increase output from the oil sands to 6 million barrels a day in 2030 from about 1 million barrels a day at present.

The energy official went on to say that output will probably approach 1.6 million barrels a day in 2012 and 2.8 million barrels by 2016, and production costs will fall to about $7 a barrel from $11 in the next five years because of new technological developments.