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Canada is a net exporter of oil, any guesses as to what percent

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lostinacause Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-23-05 11:51 PM
Original message
Canada is a net exporter of oil, any guesses as to what percent
of consumption Canadians import?

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MazeRat7 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-23-05 11:57 PM
Response to Original message
1. No guessing needed... here is the chart.


MZr7
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lostinacause Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-24-05 12:06 AM
Response to Reply #1
2. That chart only shows that production is greater then consumption
and does not answer the question.
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MazeRat7 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-24-05 12:27 AM
Response to Reply #2
3. Canadian Crude oil imports = 987,000 bbl/day (2004)
These imports are mostly for the east cost since Alberta is the the primary exporter. Of course since consumption is part of the "global" pool of oil, bottom line... it is more cost effective to import than to ship local oil from west to east. Hence why Canada has a net oil surplus.

MZr7
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lostinacause Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-24-05 10:26 AM
Response to Reply #3
4. The interesting thing is that this is around 50 percent the oil
consumption. It's one of the interesting things that a global market does.

I was hoping that there would be more repsonses. It is an interesting concept that is worth knowing about.

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