US to Have Record Canadian Oil Imports

In a recent article in The Globe and Mail, experts are predicting that the US will have record Canadian oil imports even without Keystone XL. This is one of the reasons we think that Alberta, and Edmonton in particular will have a rebound in the housing market.

Currently, Canada exports about 3.8 million bpd to the United States, according to U.S. Energy Department data. Analysts expect that to rise to between 4.2 million and 4.4 million bpd over the next few years. Pipeline expansions currently in progress will add more than 950,000 bpd of export capacity for Canadian producers before 2025, according to Rystad Energy.

To read the entire article see the link below:

Even without Keystone XL, U.S. set for record Canadian oil imports - The Globe and Mail