Demand
America’s oil consumption is only going in one direction – up
America consumes about 17 million barrels of oil a day (BPD). That number is expected to rise to nearly 19 million BPD by 2050.
America produces about 11 million BPD of crude oil currently – making it the largest oil producer in the world. The US still imports more than 6 million BPD. By 2050, imports are projected to be about 7 million BPD.
Where will this oil come from? Currently, it comes from Canada, OPEC, and a mix of other countries. But Canada still can offer more – which would reduce America’s dependency on other, less responsible producers.
In 2021, the United States produced 11 million barrels of crude oil per day.
America produces more oil than any other country – but it is still a major oil importer. And those needs are only going up in the coming years.
In 2021, the United States imported 6.6 million barrels of crude oil per day.
About half of this oil comes from Canada. The other half comes OPEC and other countries that can be far less stable trading partners. Canada is already America’s #1 energy supplier, so it only makes sense to look to Canada when more oil and gas is needed.
Canada can meet America’s surplus energy demand – today, and tomorrow
Canada’s oil and gas is plentiful, and close by – but that’s not the only reason why it makes sense for the US to import more of its needs from Canada. North America’s oil and gas infrastructure is already closely integrated with hundreds of thousands of miles of shared pipelines.
Canada is America’s largest trading partner, and one of its closest allies. So it makes sense for America to rely more on Canada – and less on OPEC countries and other suppliers – to achieve energy security and independence.
Map of Canadian and US Liquids and Natural Gas Pipelines
6.6M
BPD
That’s how much oil America imported in 2021.
49%
That’s how much of America’s imports came from countries other than Canada in 2021. Countries like Saudi Arabia, Libya, and Iraq.
280K
Miles
That’s how many miles of interconnected pipeline already exist across Canada and the US – showing just how integrated our two countries actually are. That’s enough pipeline to circle the earth 11 times.
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