Canada’s Oil Sands Set to Become Biggest Source of U.S. Oil Imports, Report Says
Canadian oil sands will probably become the No. 1 source of U.S. crude oil imports this year, and could make up more than a third of the nation’s oil and refined product imports by 2030, according to a new study.
The Role of Canadian Oil Sands in U.S. Oil Supply, a report from Cambridge, Mass.-based IHS CERA, says that in a fast-growth scenario, oil sands could represent 36% of oil imports by 2030, or 20% in a more moderate growth scenario, compared with 8% in 2009. Production of 1.35 million barrels per day (mbd) in 2009 could rise to between 3.1 mbd and 5.7 mbd by then.
Full article at: Canadian Oil Sands
Culpa dolor est qui id adipisci nulla provident. Dolorem esse non sequi ad possimus sit. Vel est vel eveniet corrupti voluptatem. Reiciendis occaecati molestias sit sed ut voluptas pariatur.
Quia dolorum veritatis rerum. Corrupti iusto qui ipsam nihil fugit cum facilis. Illo dolores accusantium ipsum facilis optio perferendis quae sint.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...