![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, June 22, 2010 3:38:56 PM
Source: Globe and Mail Update Jun 13, 2010 ...
Canada’s oil sands will become the largest single source of imported oil to the United States this year, and could supply more than a third of America’s foreign oil by 2030, under an aggressive growth scenario that would have to overcome labour shortages and environmental concerns, an influential U.S. think tank said Wednesday.
The growing volume of Canadian oil sands imports “emphasizes the importance they have attained as a supply source for the United States,” Daniel Yergin, Cambridge, Mass.-based chairman of energy research firm IHS CERA, said in releasing a new report on the controversial Alberta oil projects.
Canada is already the largest source of imports for the U.S. market. But as conventional Canadian production declines and oil sands volumes grow, those non-conventional supplies are becoming increasingly critical.
In the third quarter of 2009, oil sands imports to the United States hit one million barrels a day for the first time, of total Canadian exports of 1.9 million. This year, IHS CERA expects oil sands producers to average 1.08 million barrels a day in sales to the U.S., eclipsing imports from both Mexico and Saudi Arabia, which will be declining or flat.
Read more: http://www.theglobeandmail.com/report-on-business/indus... /
FEATURED ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM