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|Canadian Exploration holds vast promise and is under-exploited.
Canadian drilling has increased by 60% while U.S. drilling fell by 71%
over the past 20 years. Canada produces 5.5% of the world's energy
and is the largest exporter of energy to the U.S., exporting 3.5 million
BOE (Barrels of Oil Equivalent) per day to the U.S. vs. 1.5 million BOE/Day from Saudi Arabia.
Canada produces 5.5% of the world's energy and has exported 3.5 million BOE per day to US in 2000 compared to:
The price of natural gas has almost tripled in the past four years and risen dramatically over the past decade from approximately $2US to nearly $6US and is expected to continue to rise.
The United States is facing a potential crisis of natural gas supply due to increasing demand and a shortage of supply, with inventories 29% below their five-year average, and decreasing North American production.
The Energy Department estimates electricity demand will rise more than 45% over the next 20 years, with natural gas accounting for as much as 95% of new generation capacity.
Silver Star has entered into two agreements with a private Alberta company which allows Silver Star a farm-in and option to drill oil and natural gas wells on two potentially prolific projects in Alberta.
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