The Province of Alberta is the second westernmost Canadian province. Alberta has an estimated population of around 3.7 million residents which makes it the most heavily populated prairie province. On the first of September, 1905, the province of Alberta and the neighboring Saskatchewan became officially established as provinces.
The Province of Alberta shares its border together with beautiful British Columbia within the west, Saskatchewan towards the East. The northern border is shared with the Northwest Territories and the State of Montana lies to the south. The province of Alberta is 1 amongst only 2 landlocked provinces and it is 1 of 3 Canadian territories and provinces to border one U.S. state.
The capital city of the province of Alberta is Edmonton. The city is situated near the geographical centre of the province of Alberta. Edmonton is the main service hub and supply for Canada's oil sands and other northern resource industries. The city of Calgary is another big city which is roughly 190 miles and 300 kilometers to the south. Both of these two metropolitan regions have exceeded 1 million individuals according to the latest census estimates.
The province of Alberta has amongst the strongest economies within the country, due in large part to the petroleum business. Agriculture and technology sectors play an essential part in the economy of the province. The GDP per capita during the year 2007, was the highest among any province in Canada at $74,825. This number was higher than the national average of $46,441 by 61% and compared to some of the Atlantic Provinces it was twice as much. The census of 2006 recorded the median annual family income after taxes to be $70,986 within Alberta compared to the Canadian average of $60,270.
The province's most urbanized area is the corridor between Calgary and Edmonton, which makes up one of the densest areas within Canada. The region covers over 400 kilometers from its northern boundary to the south. The Calgary-Edmonton Corridor had a population in the year 2001 of 2.15 million which was seventy-two percent of Alberta's populationthe population of Albertathe province of Alberta. This is among the fastest growing locations in Canada. According to the Fraser Institute, Alberta is rated as the freest economy in the nation and along with its economic freedom; it is the second freest economy among Canadian provinces and U.S. states.
The province of Alberta is the largest producer of synthetic crude, conventional crude oil, natural gas and gas products within the country. What's more, the province of Alberta rates as the second largest exporter of natural gas and the 4th biggest producer. Two of the top producing petrochemical plants in North America are located within north-central and central Alberta. There are likewise world class vinyl and polyethylene makers who make products within Red Deer and Edmonton and ship to all around the globe. The raw materials for a large petrochemical industry situated to the east of Edmonton are provided by Edmonton's oil refineries.
The Athabasca oil sands have an estimated 254 km3 or 1.6 trillion barrels of unconventional oil reserves, that is roughly the amount of all conventional oil reserves that could be located in the rest of the globe. There are new extraction methods being developed in the province of Alberta such as the steam assisted gravity drainage method. This development has made synthetic crude oil and bitumen able to be produced at prices similar to those of conventional crude.