Author: Jimmy Thomson, Canadian Geographic
Publish Date: Oct 10, 2013 Last Update: Sep 20, 2018
Most of Canadian petroleum production is exported, approximately 482,525 cubic metres per day (3 Mbbl/d) in 2015, with almost all of the exports going to the United States. Canada is by far the largest single source of oil imports to the United States, providing 43% of US crude oil imports in 2015.
Crude oil is found in countless products. But it is a finite resource, meaning it will eventually run out. Crude oil is processed into a wide range of products, from jet fuel and gasoline to asphalt, and used for transportation, heating, electricity production and manufacturing.
Canada is the fourth largest producer and fourth largest exporter of oil in the world. 98% of Canada’s proven oil reserves are located in the oil sands, and 99% of Canada’s oil exports go to the U.S.
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