MORE INFORMATION ABOUT THE IMPACT OF DEVELOPING NORTH AMERICAN ENERGY RESOURCES ON JOBS AND THE ECONOMY
Economic Impacts of Staged Development of Oil Sands Projects in Alberta (2010-2035)
(Canadian Energy Research Institute June 2011)
The study finds that Canadian oil sands development could support 94,000 to 600,000 U.S. jobs by 2035, a significant increase over the 80,000 U.S. jobs supported by oil sands projects in 2010. It also reports that without additional pipeline capacity, substantial future job and economic benefits will be lost. In particular, the Keystone XL pipeline could alone support close to 85,000 U.S. jobs in 2020. The study also indicates that between 2010 and 2035, the projected impact to U.S. GDP would be between $200 billion and $800 billion, and compensation for U.S. employees would be $100 billion to over $368 billion.
(The Perryman Group June 2010)
The report evaluated the U.S. economic benefits resulting from savings realized during the lifetime of the Keystone XL pipeline and from its ability to deliver a more stable and reliable supply of oil to meet future needs. The study found the gains in U.S. business activity include $100.1 billion in total spending, $29 billion in output, and 250,000 permanent jobs.
HOW OIL SANDS AND KEYSTONE XL WILL IMPROVE OUR ENERGY SECURITY
The Role of Canadian Oil Sands in U.S. Supply
(IHS CERA 2010)
The study indicates that the United States will continue to rely on imported oil into the foreseeable future. Sourcing increasing volumes of oil from Canada offers the possibly of increasing North American oil supply security. By 2030 in a high growth scenario oil sands could contribute 36 percent of total US oil imports.
(Ensys Energy & Systems Inc. December 2010)
According to the report conducted for the U.S. Department of Energy on the KXL pipeline project, “U.S. refining of Canadian crudes could rise from 1.9 million barrels per day (mbd) in 2009 to 4 mbd by 2030. Associated oil sands streams imports would rise from under 1 mbd in 2009 to over 3.6 mbd by 2030. This projected increase would curb dependency on crude oils from other sources notably the Middle East and Africa.” The study also stated “A combination of increased Canadian crude imports and reduced U.S. product demand could essentially eliminate Middle East crude imports longer term.”
THE ENVIRONMENTAL IMPACTS OF RESOURCE DEVELOPMENT
Oil Sands, Greenhouse Gases, and US Oil Supply Getting the Numbers Right
(IHS CERA 2010)
The report analyzed the greenhouse gas impacts of Canadian oil sands development and processing, including a lifecycle analysis of oil sands derived crudes comparable to other crude oils. The study concluded that on a lifecycle analysis (wells to wheels) basis, oil sands crudes are comparable to other crude oils processed in the US.
The Canadian Oil Sands Energy Security vs. Climate Change
(Council on Foreign Relations May 2009)
The study explores the energy security and climate change issues surrounding the Canadian oil sands. It recommends and urges that U.S. policymakers should “resist the misuse of other U.S. environmental regulations to constrain oil sands.” And further notes that “ill-conceived regulation could undermine U.S. and Canadian climate and security goals.”
“I’m supportive of the Partnership to Fuel America, because as a small business owner, I’m dependent on customers. Whether direct or indirect, all our businesses are reliant on a stable oil supply. Developing our North American Energy resources not only creates that but will directly create more revenue in our cities and towns that need it.”
