TRANSITIONAL TREND OF WORLD OIL INDUSTRY IN COMING YEARS——Illustrations Draw on Canada's Successful Developments of Oil Sands and Coal Bed Methane

Canada is a net exporter of oil and natural gas,one of the most important sources of U.S.energy imports.The country's oil production has been increasing since 1999,as new oil sands and offshore projects have come on-stream to replace aging fields in the western provinces.Analysts predict that oil sands production and Coal bed methane development will increase significantly in coming years and offset the decline in Canada's conventional crude oil and gas production.Canada's successful developments of oil sands and coal bed methane probably imply the transitional trend of world oil industry in coming years.