How abundant are Canada’s oil reserves, and what portion do oil sands constitute?
Canadian oil reserves are vast and are second only to Saudi Arabia, using current technological assessments. According to the Canadian Association of Petroleum Producers, oil sands now account for more than half of western Canada’s total oil production. By 2025, production from Canadian oil sands is expected to rise from about 1.3 million barrels per day to about 3.3 million barrels per day. Why is Canadian oil important to the United States? Canada and the United States have an excellent trading and political relationship, and Canada’s reliable and plentiful oil is crucial to improving our nation’s energy security and meeting its growing energy demand. The economic impact of Canadian oil sands development is a boon for the U.S. economy and is expected to lead to the creation of more than 340,000 new U.S. jobs between 2011 and 2025. How much of its oil does Canada export to the United States? Currently, Canada sends more than 99 percent of its oil exports to the United States—the bulk
