The oil sands are a strategic resource that contributes to economic opportunity and energy security for Canada, North America and the global market. The oil sands comprise more than 97 percent of Canada’s 174 billion barrels of proven oil reserves. In 2010, production from the oil sands was 1.6 million barrels per day. While seven billion barrels of oil sands crude oil have been produced to date, this represents only a small portion of the overall resource. Continued demand for oil is expected to contribute to ongoing growth in oil sands production for years to come.