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Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

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Canada Says Its Oil Could Replace U.S. Imports Of Russian Crude

  • Alberta’s Energy Minister Sonya Savage: Alberta is the answer to US Energy security. Real emissions reductions, reliable, right next door.
  • Officials from Canada's largest oil-producing province Alberta said that Canada could replace American imports of Russian crude oil.

Canada’s oil could replace American imports of Russian crude, the top officials of the oil-producing province Alberta said this weekend.

As talks about banning Russian oil imports in the United States and its European allies intensify, reports have started to emerge that the U.S. Administration could be looking to persuade Saudi Arabia to pump more oil or lift some sanctions on Venezuela to help fill the gap that a Russian oil embargo would open.

On Sunday, U.S. Secretary of State Antony Blinken said that the United States and its European allies were in “very active discussions” about banning the import of Russian oil over Putin’s war in Ukraine.

Even without sanctions on Russian oil, some of the biggest U.S. importers of Russian crude oil have started suspending their purchases of the commodity.

Canada has long pitched its crude as one that is not produced in rogue government regimes such as Venezuela, Iran, or Russia, and Alberta’s top officials now say that its crude could be the answer to more supply from allied nations to the United States.

Retweeting Elon Musk’s comments that “we need to increase oil & gas output immediately,” Alberta’s Energy Minister Sonya Savage said on Saturday:

“Agreed. And it should come from Alberta, home of the 3rd largest oil reserves. Alberta is the answer to US Energy security. Real emissions reductions, reliable, right next door.”

Alberta’s Premier Jason Kenney said that he and Savage would be attending the CERAWeek conference in Houston this week, where “We will be meeting with decision-makers to secure access to markets, attract job-creating investment to our province, and argue for Canadian energy to displace Russian conflict oil.”

Kenney also said that Alberta would be delighted to welcome a visit from U.S. President Joe Biden, as one reportedly being considered to Saudi Arabia.

Kenney noted that in a visit by President Biden to Alberta “We could discuss how to ship nearly 1 million barrels of day of responsibly produced energy every day from the USA’s closest friend and ally! All it would take is his approval for Keystone XL. Easy.”  

By Tsvetana Paraskova for Oilprice.com

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Leave a comment
  • Blake M Wittenberg on March 07 2022 said:
    This is a no-brainer! What's been taking so long to bring this to the forefront? Us Americans run around the world making deals, and begging, for oil in nefarious locations...but there is a sustainable source next door, 3rd largest reserves worldwide!
  • Gene on March 07 2022 said:
    Would be too embarassing to admit cancelling KXl was a costly and stupid mistake..Would rather double down on becoming more dependent on more costly and less reliable sources.
  • Lee James on March 08 2022 said:
    I look forward to hearing about the details of how Alberta can supply almost a million barrels a day to the U.S. or maybe Europe.

    Protecting our planet is a top priority. Alberta petroleum would ideally be a lot cleaner. But taking care of some geopolitical pollution brought on by Putin is huge.
  • Noel Robinson on March 08 2022 said:
    Could the U.S. be energy independent if we reserved more domestically produced oil for domestic consumption ?
  • Skeeter Mark on March 09 2022 said:
    If only there was, I don&amp;amp;amp;#039;t know, some sort of vessel the oil could flow through to get from Canada to the US. Maybe some sort of tubular thing like a big hose or something.
  • michael urban on March 15 2022 said:
    To truly compete on global scale or to protect any country's independence, energy has to be stabilized to produce products and to grow food. Not to mention favorable living conditions. Making concessions with unpredictable political leaders is a terrible direction leaving oneself venerable to their future demands should they become unstable within their own direction. I believe that the simple answer to this problem is the obvious one. Pipeline completion from Canada. But because Biden made the big deal of canceling the project he would rather revisit countries that have been canceled to to business with and may not be able to replace the Russian oil capacity that may be loss.
    He may not even be able to complete the threat with Russia by refusing their oil. Either way the Russian oil will be marketed elsewhere. China will take everything that Russia produces. And the US will not be able to control that direction. Oil is one commodity that be traded in exchange of other things beside fiat currency. Legal or not.
  • Raymond Bander on March 16 2022 said:
    EASY! All that is needed is to approve the pipeline and our energy problems will be solved! Great.....if you are a Canadian oil producer. It is not that simple.
  • Daniel Hangartner on March 17 2022 said:
    Canada cannot show greed when wishing to replace Russia as a partner to OPEC.

Leave a comment




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