HVAC Breaking News

July 14, 2010: Canadian Oil Sands Could Become Leading Source of U.S. Oil Imports

July 14, 2010
/ Print / Reprints /
/ Text Size+

CAMBRIDGE, Mass. - Canadian oil sands are a growing source of petroleum, and by the end of this year, they’ll probably be the leading source of crude oil imports into the United States, according to a new study by IHS CERA. According to the report, Canadian oil sands could provide 20 percent to 36 percent of U.S. oil imports by 2030.

Oil sands production combined with exports of conventional crude oil has already put Canada in the position of No. 1 foreign supplier of oil to the United States, and the country has been steadily increasing its production of crude oil from oil sands while its conventional oil production has declined. Production from oil sands more than doubled over the past nine years, growing from 600,000 barrels per day in 2000 to 1.35 million barrels per day in 2009. Assuming that production rate is sustained this year, oil sands will produce more petroleum than conventional sources in Canada this year, and U.S. imports of petroleum from Canadian oil sands will be greater than imports from any other country.

“The oil sands will play a key role in meeting future world oil demand,” said IHS CERA Managing Director Jim Burkhard. “Oil will continue to play a critical role in U.S. energy supply and the oil sands offer the possibility of increasing oil supply security while offsetting reduced supply from some of the United States’ traditional suppliers.”

Publication date: 07/12/2010

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.



Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.


NEWSmakers: Julian Scadden

Training is an ongoing process. Julian will discuss how you can generate maximum return on time and energy invested training by following a three part process. Listen to this podcast to get expert tips on training, tracking and follow up. 

More Podcasts



NEWS 04-21-14 cover

2014 April 21

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe


Which statement on service calls best applies to your business?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con