Friday , 29 March 2024

Canada’s Oil Sands to Have $520 Billion Impact on U.S. Economy: Here Are the Facts, State by State (+3K Views)

Canada is the largest supplier of oil to the U.S. When the U.S. imports oil from Canada, the spin-off economic benefits are substantial. The interactive map of the U.S. below will let you calculate the economic impact generated in each U.S. state from new oil sands projects in Alberta, Canada. Words: 592

So says a report* from www.alberta.ca which Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), presents below. This paragraph must be included in any article re-posting to avoid copyright infringement.

The report goes on to say:

What do Canada’s oil sands have to do with the United States?

  • Canada is the largest supplier of oil to the U.S.
  • For every two jobs created in Canada from the oil sands, a third job is created in the U.S.
  • Oil sands development is projected to generate $521 billion in economic activity in the U.S. over the next 25 years.

Go here:

  • then select a year on the “select year” tab,
  • then click any state (up to 10 states) on the map, or abbreviation on the list and
  • then you will find out the GDP contribution of Alberta oil to that state for that year
  • then click “calculate” to find out the total for all states selected.

Automatic Delivery Available! If you enjoy this site and would like every article sent to you automatically then go HERE and sign up to receive FREE Your Daily Intelligence Report. We provide an easy “unsubscribe” feature should you decide to opt out at any time.

Spread the word. munKNEE should be in everybody’s inbox and MONEY in everybody’s wallet!

*http://oilsands.alberta.ca/USEconomicImpactOilCalculator.html

Related Articles:

1. A Look at the Canadian Oil Sands: the U.S.’s #1 Source of Supply

oil sands

The third largest source of oil in the world is the Canadian oil sands and the United States already imports more of it from there than from anywhere else. With oil prices on the rise, the controversial oil sands are likely to become even more economically viable, despite experts’ warnings about environmental risks [and the political and environmental gamesmanship to block the Keystone pipeline project from there to refining facilities in the U.S.]. Below are 12 incredible facts about the oil sands. Words: 408

2. The Oil Sands are NOT the “Tar” Sands and 9 More Interesting Facts

OIL

The oil sands in northern Alberta are crucially important to the Canadian economy. People from all over the country are traveling there to find work. The news is filled with controversy over proposed pipelines (the Keystone XL and the Northern Gateway) to carry the oil to export markets. Here are 10 things everyone should know about the oil sands. Words: 878

3. Canada’s Oil Sands: “The World’s Dirtiest Commodity”?

When you think of Canada, which qualities come to mind: the world’s peacekeeper, the friendly nation, a liberal counterweight to the harsher pieties of its southern neighbour, decent, civilised, fair, well-governed? Think again. This country’s government is now behaving with all the sophistication of a chimpanzee’s tea party. Words: 1377

4. How ‘Crude’ are Canada’s Oil Sands?

The carbon footprint left by Canada’s oil sands has been a target of criticism for years with many environmentalists suggesting that the extraction and processing of bitumen from Alberta’s northern oil sands is “two to three times worse” for the environment than any other supply of oil on the planet. Is that legitimate criticism? Words: 692

5. Crude Oil: How ‘Sweet’ it can be!

Some people arbitrarily speak about oil as if it is a single, indistinguishably homogenous substance without any unique differentiation, but this is actually not the case at all! In fact, there are many different kinds of oil. Words: 1007