The United States imports 8.4 million barrels of oil and petroleum products a day to help meet its energy needs. Canada is the largest supplier to the U.S., providing more than 2.4 million barrels a day – more than 1/4 – of these imports. Canada has the third largest oil reserves in the world, with […]
Myth vs. Fact: US does not need Oil Sands; American Oil Imports are Decreasing
May 30, 2012 Myths vs. Facts
Myth
Oil sands crude will do little to nothing to enhance U.S. energy security because the output is already slated for export outside of North America.
Fact
Oil is sent where there is demand and according to EIA projections, the United States will continue to have a significant need for oil in the foreseeable future.
Myth vs. Fact: US Does Not Need More Oil from Canada
May 30, 2012 Myths vs. Facts
Myth
We don’t need more oil. Why increase imports from Canada?
Fact
The United States needs more supply of all types of energy, including oil, to meet our growing energy demand.
Myth vs. Fact: US Producing Oil will Benefit the Economy than Importing
May 30, 2012 Myths vs. Facts
Myth
Producing our own American oil would benefit the economy far more than importing Canadian oil sands.
Fact
Approximately half of our oil in the United States comes from domestic sources but we need to import the rest to meet our energy needs.
Myth vs. Fact: Oil Sands Operations only Employ Canadians
May 30, 2012 Myths vs. Facts
Myth
Oil sands operations only employ Canadians.
Fact
A variety of manufactured goods and raw materials required for Canadian oil sands development are currently provided by American companies and American workers.
