Canada’s reserves represent a safe, secure, long-term, and nearby source of liquid fuels for the North American market.
- Canada was the largest foreign supplier of oil to the USA again in 2004, for the sixth year running (1999 when the country displaced Venezuela to 2004 inclusive).
- In 2002, Canada supplied the U.S. with 17 percent of its crude and refined oil imports â€” more than any other foreign supplier at over 1.9 million barrels per day.
- Western Canadian crude oil is imported principally by the U.S. Midwest and the Rocky Mountain states.
- Eastern Canada’s offshore oil is imported principally by the U.S. East Coast States, and even by some Gulf Coast States.