Did you know?
Canada holds the world’s third largest oil reserves and yet the eastern part of our country spends billions of dollars each year to buy oil from other countries. This doesn’t make sense!
In 2015, Canada’s oil imports surged 16 percent to 736,000 barrels of oil a day
At last year’s average oil price, this is $35 million leaving our economy – each day – to pay for oil coming from the United States, Saudi Arabia or Nigeria.
Eastern refineries are swamped with foreign oil
Our imports of U.S. crude oil jumped to 450,000 barrels a day in 2015 – compared to less than 100,000 barrels in 2010. And Saudi Arabia now fills over 10 per cent of our oil import needs. 10 per cent!
So why are we in this position?
Because our country currently doesn’t have an infrastructure that can safely transport crude oil from Western Canada to refineries in Montreal, Quebec City and Saint John.
Canada’s pipeline solution: Energy East!
There is an important choice before us all. That choice is about where we get the oil we need and how we choose to transport it. Energy East makes sense and this is why two-in-three Canadians support the project.
Oil is a key component in many items we rely on: smart phones, tablets, eyeglasses, lipstick, roofing and many more…