Myth vs. Fact: Canadian Oil Sands will Have no Effect on US’s National Security Interests

MYTH:  Shutting in Canadian oil sands will have no effect on those unstable regimes that seek to harm the United States’ national security interests.

FACT: The Council on Foreign Relations has concluded that production from Canada’s oil sands could weaken such states by displacing their production and driving down prices: “If, over the long term, Canadian oil sands growth displaces production in places like Iran and Venezuela, or drives down the prices that such states receive for each barrel of oil they sell, it will weaken them.”[1]