FACT SHEET: Oil from Canada (API)

The United States imports 8.4 million barrels of oil and petroleum products a day to help meet its energy needs. Canada is the largest supplier to the U.S., providing more than 2.4 million barrels a day – more than 1/4 – of these imports. Canada has the third largest oil reserves in the world, with […]

Myth vs. Fact: US does not need Oil Sands; American Oil Imports are Decreasing

MYTH: We don’t need the oil sands because American imports of oil are decreasing. FACT: According to the U.S. Energy Information Administration, U.S. crude oil imports did in fact fall in 2011 as a result of higher domestic oil production and decreased consumption of refined products.[1] However, EIA projects that oil and other liquid fuels […]

Myth vs. Fact: US Does Not Need More Oil from Canada

MYTH: We don’t need more oil. Why increase imports from Canada? FACT: The United States needs more supply of all types of energy, including oil, to meet our growing energy demand. According to Charles Ebinger, Director of the Energy Security Initiative at Brookings, “Increased domestic oil production, coupled with growing imports of Canadian oil sands, […]

Myth vs. Fact: US Producing Oil will Benefit the Economy than Importing

MYTH: Producing our own American oil would benefit the economy far more than importing Canadian oil sands. FACT: Approximately half of our oil in the United States comes from domestic sources but we need to import the rest to meet our energy needs.[1]  Canada is the number one supplier of imported oil to the United […]

Myth vs. Fact: Oil Sands Operations only Employ Canadians

MYTH: Oil sands operations only employ Canadians. FACT: A variety of manufactured goods and raw materials required for Canadian oil sands development are currently provided by American companies and American workers. Additionally, for every U.S. dollar spent on Canadian exports – including oil – up to 89 cents is spent on imports of U.S. goods and […]