Canadian oil wells supply a large percentage of American natural gas and oil imports. Satisfying America’s prodigious energy appetite depends on the continued availability of Canadian energy sources. About 25 percent of the crude oil and 80 percent of the natural gas imported into the United States come from our very accommodating neighbor to the north. More than half of the fuel pumped out of Canadian wells heads south to keep us Yankees warm and happily tooling about on our highways. What happens when Canada runs out of its oil and natural gas resources? What will this mean for the economies of both Canada and the United States? Even though the Canadian economy is no less dependent on hydrocarbon energy ...
North American Energy Consumption
Whenever the price of gas rises, North Americans begin to talk about driving less. Recent oil price trends have seen a noticeable reduction in SUV sales and have hit the large automobile manufacturers hard. Middle class America has been hit hardest by the rising cost of living; higher taxes and mortgages, car payments and the rising price of home and vehicle energy. Large suburban homes require large amounts of heat, electricity (for lighting) and air conditioning. Most households have two or more full-sized cars which are used to travel far distances for education and employment. All of these factors ...
No comments:
Post a Comment