“Hoosier merchants and the customers they serve are deeply concerned about energy issues in this country and energy supply and reliability.”
America needs more energy resources, including oil and natural gas, to fuel our economy and provide consumers with affordable supplies of fuel.
• America will require 21% more energy in 2035 than in 2009, according to the U.S. government.
• According to federal government forecasts, oil and natural gas will continue to fuel more than half of America’s consumer energy needs for decades, even as alternative energy sources continue to develop.
While we support efforts to become more efficient and develop alternative forms of energy, the reality is that our nation needs more fuel supplies from stable and reliable sources to meet ever-growing energy demands. Due to increased worldwide demand, global competition for energy is increasing.
Developing additional North American energy sources will create and preserve tens of thousands of jobs, generate much needed tax revenue and spur economic growth. It will also help curb our dependency on crude oil from other countries, some of whom are unstable or unfriendly to U.S. interests.
Canada as a neighbor and a resource
For more information about Canadian oil, including where it comes from and what impact it can have on America—click here
Canadian oil and energy resources are an abundant. Canada can help fuel our growing energy needs, stimulate our economy, and make our country more energy secure.
• Canada has the third largest oil reserves in the world, with over 175 billion barrels of recoverable oil within its borders.
• The United States imports more oil from Canada than any other nation, providing the U.S. with 1.9 million barrels of oil a day.
• Canada sends more than 99% of its oil exports to the United States, and about half of the Canadian crude oil brought into this country is derived from oil sands.
• Production from Canadian oil sands could rise from about 1.4 million barrels per day in 2010 to about 3.5 million barrels per day by 2025.