|
|
Examiner
  • Canada’s oil sands are important to America

  • The vast resources of the Canadian oil sands will play a crucial role in enhancing our nation’s energy security.

    • email print
  • To the editor:
    The vast resources of the Canadian oil sands will play a crucial role in enhancing our nation’s energy security.
    Oil and natural gas company investments to develop, transport and refine Canada’s enormous oil sands resources are important to increase supply flexibility and North America’s energy security and reliability. Critical refining investments will increase fuel supplies for key regions like the Midwest.
    Since last summer, the Keystone Pipeline has been delivering thousands of barrels of oil a day from the Canadian oil sands and traversing the northern portion of Missouri to the Woodriver Oil Refinery, just north of St. Louis in Illinois. Both the pipeline and the refinery offer quality, top-paying jobs to hundreds of Missourians.
    Some have been critical of the environmental impact of using Canadian oil sands. However, Cambridge Energy Research Associates found those concerns may be overstated. It also notes that up to 37 percent of U.S. oil imports could come from crude derived from Canadian oil sands by 2035, and that technological advances in the Canadian oil sands have allowed Canada to become the world’s second largest holder of recoverable oil reserves, behind only Saudi Arabia.
    Further, the Canadian government says the average greenhouse gas emissions per barrel in the oil sands industry has decreased 38 percent since 1990, due to technology advancements.
    It would be difficult to think of a better partner in our energy security efforts than our friendly, stable neighbor to the north. Canada sends more than 99 percent of its oil exports to the United States. In 2008, that amounted to 2 billion barrels per day. Half of the crude oil imported is from oil sands.
      • calendar