The ever increasing prices of crude oil and gas have adversely affected the major oil and gas producing companies like Shell and Exxon Mobil in the aftermath of oil crisis. The Exxon Mobil is reportedly enduring oil shortage and is exploring alternated sources of procurement of crude oil and gas.
The world`s largest publicly traded oil company Exxon Mobil Corporation is banking upon Kearl and 20 other newly started projects to give boost to its collapsing oil and gas production. Recently, its production dropped to a lower level than the sinking figures of last three years.
Reportedly, this company functioning by market capitalisation will commence its project of lifting mountains of oil-rich sands in the forested plains of Alberta in the coming month. The gigantic mechanical trowels will start lifting tons of oil-rich sands and filling them in to three story high garbage trucks. These dump trucks will carry this sand to Kearl oil-sands-processing facility constructed with an investment of $11 billion. At Kearl facility the Canadian crude oil will be sieved out from this oil-rich sand of Alberta and feed the starving Exxon Mobil Corporation with up to 170,000 barrels of crude oil per day for times to come.