America's Number One Oil Supplier - Canada

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#1 Wed, Jul 20, 2011 - 12:45am
Joined: Jun 15, 2011

America's Number One Oil Supplier - Canada

The Fraser Institute released an interesting "Study" today about American Oil imports and specifically imports from Canada. The report ranks and compares the civil, political, and economic freedoms from each of the jurisdictions that America imports Oil (and Gas) from - and Canada comes out pretty much at the top of that list.

Canada supplied the US with over 20% of its Oil imports in 2009, and is the largest supplier of imported Oil to America.

So, when certain interests in Washington try to restrict imports from Canada (as well as bad-mouth the oilsands portion of Canadian production), they are effectively trying to reduce Canadian imports and effectively move that energy supply to repressive governments in the Middle East and other locals.

The report is an informative read. It can be downloaded from the Fraser Institute here.

Edited by: ReachWest on Nov 8, 2014 - 5:18am
Thu, Jul 21, 2011 - 9:18am
Truman Lake, MO
Joined: Jun 15, 2011

China's CNOOC Buys Canada's Sand Oil Co. OPTI

Chinese state oil company CNOOC has agreed to buy Canadian oil sands producer OPTI for $2.1bn (£1.3bn). The deal - which must be approved by regulators - is the latest move by state-run Chinese firms to buy stakes in North American oil producers. Canada's Alberta province is believed to have the third-largest reserves of oil in the world.