Canada – More of the Great White North Up for Energy Development?

Quick – which is the U.S.’s biggest supply of non-OPEC oil?

Canada – according to the U.S. Energy Administration, the United States total crude oil imports now average 9.033 million barrels per day (mbpd), with Canada sending 2.666 mbpd southwards to the U.S., making it America’s top source of oil imports.

But relations between Ottawa and Washington have been strained recently, not least because of the stymied Keystone XL, with the conservative Canadian government of Prime Minister Stephen Harper, stung by the environmentalists’ opposition to the Keystone XL pipeline sending Alberta’s oil sands southwards to U.S. refineries on the Gulf of Mexico angrily threatening to send Canadian future energy production exports westwards for exports to Asia, particularly to China.

But Prime Ministerial unhappiness aside, the U.S. remains Canada’s best energy market, and Harper’s government knows it.

OilPrice

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