Oil Sands, Refined Products, and Exports: Just the Facts

U.S. Crude Oil Stays in the United States. According to the U.S. Energy Information Administration (EIA), in 2011, 99.7 percent of the crude oil produced in (or imported into) the United States was also consumed here, which means less than one-half of one percent (0.3 percent) was exported. Simply put, the United States does not export crude […]

Myth vs. Fact: Plenty of Crude Oil Supply, Refineries are at Below Capacity

MYTH: We have plenty of crude oil supply and our refineries are operating below capacity. FACT:  According to a 2011 Congressional Research Service report, Venezuelan and Mexican crude oil production is declining and refiners will need additional feedstock to refine and supply the U.S. market. Additional supplies will come from heavier crude supplies in the […]

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: Canadian Oil

MYTH: The Keystone XL pipeline is only for the transportation of Canadian oil. FACT: Keystone XL pipeline will also transport domestic oil. According to TransCanada, 25 percent of oil intended for the Keystone XL will come from Montana, North Dakota and South Dakota.[1]   North Platte Telegraph, “Keystone pipeline benefits touted…,” 13 March 2012