Canada Prepared to Ship Oil and Gas to Asia
Remember the saying “don’t put all your eggs in one basket?” The Canadian government is taking this age-old advice to heart, especially when it comes to energy.
Earlier this month, the International Energy Agency reported that in less than a decade the U.S. will become the world’s largest oil producer, thanks in large measure to new drilling technology.
The energy watchdog also predicted that greater oil and natural gas production, as well as more efficient use of energy, will allow the U.S. to become largely energy self-sufficient by 2035.
That might be good news for America, but Canadians don’t see it the same way. Keep in mind that America’s largest source of foreign oil is … Canada.
Canadian Natural Resources Minister Joe Oliver said 98 percent of Canada’s oil exports and 100 percent of its gas exports go to the U.S. He said the U.S. will need less and less of it. Oliver said it’s critically important to build pipelines to the Pacific Coast so Canada can export to Asia.
Long story short? Canada is working on a plan to secure its energy future. Why aren’t we?
Read more HERE.