• 3 minutes Is Pete Buttigieg emerging as the most likely challenger to Trump?
  • 5 minutes CoV-19: China, WHO, myth vs fact
  • 8 minutes Question: Why are oil futures so low through 2020?
  • 11 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 4 hours Energy from thin air?
  • 16 hours Fast-charging, long-running, bendy energy storage breakthrough
  • 51 mins “The era of cheap & abundant energy is long gone. Money supply & debt have grown faster than real economy. Debt saturation is now a real risk, requiring a global scale reset.”"We are now in new era of expensive unconventional energy
  • 6 hours Hey NYC - Mayor De Blasio declares you must say goodbye to fossil fuels. Get ready to freeze your Virtue Signaling butts off.
  • 19 hours Can LNG Kill Oil?
  • 7 hours Foxconn cancelled the reopening of their mfg plants scheduled for tomorrow. Rescheduled to March 3rd. . . . if they're lucky.
  • 20 hours "For the Public's Interest"
  • 2 days Solar Cells at 25 Cents Apiece (5 cents per watt)
  • 20 hours Cheap natural gas is making it very hard to go green
  • 21 hours The New Class War Exposes the Oligarchs and Enablers
  • 2 days Has Trump put the USA at the service of Israel?
  • 2 days Trump reinvented tariffs and it worked
Alt Text

A Third Of Fossil Fuel Assets May Soon Be Stranded

According to estimates in the…

Alt Text

Can Argentina Revitalize Its Oil Industry?

Argentina’s new government has taken…

Darrell Delamaide

Darrell Delamaide

Darrell Delamaide is a writer, editor and journalist with more than 30 years' experience. He is the author of three books and has written for…

More Info

Premium Content

Canada’s Oil Sands Set to Become Biggest Source of U.S. Oil Imports, Report Says

Canadian oil sands will probably become the No. 1 source of U.S. crude oil imports this year, and could make up more than a third of the nation’s oil and refined product imports by 2030, according to a new study.

The Role of Canadian Oil Sands in U.S. Oil Supply, a report from Cambridge, Mass.-based IHS CERA, says that in a fast-growth scenario, oil sands could represent 36% of oil imports by 2030, or 20% in a more moderate growth scenario, compared with 8% in 2009. Production of 1.35 million barrels per day (mbd) in 2009 could rise to between 3.1 mbd and 5.7 mbd by then.

Although production of oil sands has run into environmental opposition, innovation in the technology of oil sand production has been constant and there will be continued progress in cutting greenhouse gas (GHG) emissions and reducing its environmental impact, the report says.

While the total “well-to-wheels” greenhouse gas emissions from oil sands are some 5 to 15% higher than the average crude oil produced in the U.S., a comparison to the average can be misleading because some domestic crude oil production can actually have higher GHG emissions, the IHS CERA report says.

However, continued high growth in oil sands production will require further advances in managing water and land use and the reclamation of tailings—the waste material byproduct, the report says.

“The fact that oil sands by themselves—were they a country—are set to become the largest single source of U.S. crude oil imports this year, emphasizes the importance they have attained as a supply source for the United States,” said IHS CERA chairman Daniel Yergin, author of the groundbreaking history of oil, The Prize.

Oil sands also contribute to U.S. energy security, the report says, because Canadian oil is “less foreign” than imports from other countries. “By most measures Canada’s oil is less foreign than other potential sources of supply,” the report says. “Oil supply from Canada is stable, proximate, connected by pipelines, and part of a limited set of oil development opportunities in which private oil companies—including US firms—can openly and securely invest.”

By. Darrell Delamaide for oilprice.com - the no.1 source for oil prices




Download The Free Oilprice App Today

Back to homepage




Leave a comment
  • Anonymous on May 25 2010 said:
    Not at current or near term prices, but down the road. You bet!

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News