Welcome to Redwater Development

Here you will find the most up-to-date information about real estate and industrial developments in the town of Red Water. Interested in purchasing land here? Want to know which companies are located here? Wondering what sort of amenities and facilities the town offers? Look no further. You have come to the right place.

Current weather conditions in Redwater, Alberta

Friday 17 June 2011

An overview of the oil sands

Here is a documentary from 60 Minutes on the Alberta oil sands. Something I hadn't realized before watching this  - the Alberta oil sands are the second largest reservoir of crude in the world (and that is just based on what can be extracted using today's technology). Estimates run as high as 2 TRILLION barrels - that is 8 TIMES the amount of oil in Saudi Arabia. It is estimated that in a few short years, the oil coming from the Alberta oil sands will be more important to the USA than ALL of the oil coming from Saudi Arabia.


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