• 2 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 5 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 8 minutes The Inconvenient Truth Of Electric Cars
  • 12 minutes The Plastics Problem
  • 6 mins SHALE MAGIC: Let the oil flow: US to lead oil output growth through 2030: ConocoPhillips chief economist
  • 6 hours To be(lieve) or Not To be(lieve): U.S. Treasury Secretary Says U.S.-China Trade Deal Is 90% Done
  • 3 hours Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 2 hours Philadelphia Energy Solutions seeks to permanently shut oil refinery - sources
  • 2 hours IMO 2020
  • 4 hours EIA reports 12 mm bbls Inventory draw . . . . NO BIG DEAL . . . because U.S. EXPORTED RECORD 12 MILLION BARRELS DAY OF CRUDE + PETROLEUM PRODUCTS ! ! ! THAT'S HUGE !
  • 13 hours Here we go folks, the wish of so many: Pres. Trump threatens to lessen US security role in Strait of Hormuz, unveils sanctions
  • 4 hours Its called reality: Economic, policy challenges to make Asia's energy transition painfully slow
  • 13 hours Looks like Trump is putting together a "Real" Coalition to protect Persian shipping lanes. Makes perfect sense. NO Fake "Coalition's of the Willing" UPDATE REUTERS Pompeo "Sentinel Program"
  • 2 hours Ireland To Ban New Petrol And Diesel Vehicles From 2030
  • 21 hours Hard To Believe: UAE Will Work To Defuse Middle East Tension
  • 3 hours Oil Demand Needs to Halve: Equinor
Alt Text

Oil Spikes On Major Inventory Draw

Oil prices jumped on Wednesday…

Alt Text

Goldman: No One Knows What’s Going On In Oil Markets

The opaque supply situation in…

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