To: scion who wrote (4248 ) 12/24/2010 10:56:42 AM From: scion Respond to of 53574 Canadian oil exports to U.S. at record high March 27, 2007 CALGARY -- For the second year in a row, Canada was the leading supplier of both crude oil and petroleum products to the United States in 2006. GRINCH_88 Share Friday, December 24, 2010 10:43:56 AM Re: 2bigcats post# 85219 Post # of 85222 All anyone has to do is look at the appreciation of the Canadian dollar versus the US dollar at the time the facility shut down....the C dollar went up vs the US dollar and would have squeezed margins on any imports from the US...chart Canada at the time reduced the amount of aromatics allowed in fuel which would also have squeezed their margins. So it was a combination of factors that made the blending facility unprofitable. That is going to change radically because JBII can produce fuel so cheaply the margins are insane. siliconinvestor.com Canadian oil exports to U.S. at record high March 27, 2007 CALGARY -- For the second year in a row, Canada was the leading supplier of both crude oil and petroleum products to the United States in 2006. With growing volumes of oilsands production, Canada has overtaken some of the world’s largest oil producers as they key supplier of crude oil in recent years. The big four crude exporters to the U.S. are Canada, Mexico, Venezuela and Saudi Arabia. On the petroleum products side, the largest sources of U.S. imports are Canada, the Virgin Islands, Russia, Algeria and Venezuela. Last year, Canadian producers shipped 1.78 million bbls of crude and equivalent to U.S. buyers, topping second place Mexico (1.57 million bbls a day), Saudi Arabia (1.42 million bbls per day) and Venezuela (1.14 million bbls per day), according to the U.S. Energy Information Administration. Canadian crude accounted for more than 17% of total American imports which averaged 10.09 million bbls per day in 2006, of which 47% came from OPEC nations. In 1981, Canadian crude accounted for less than four per cent of U.S. imports. Including the 520,000 bbls per day of petroleum products that Canadians shipped south of the border, the U.S. obtained 2.3 million bbls per day of its petroleum needs from Canadian suppliers, nearly 17% of all imports. Preliminary data for the first month of 2007 shows a continuation of Canada’s leading position as a supplier of petroleum to the U.S. Imports of Canadian crude reached 1.85 million bbls per day in January and with products included, it reached 2.45 million bbls per day, well above the second highest source (Saudi Arabia at 1.57 million bbls per day). National Energy Board data shows total Canadian exports of crude oil climbed 10% last year to a record 1.8 million bbls per day. Heavy oil exports rose over six per cent to 1.15 million bbls a day while light crude exports jumped nearly 18% to 646,400 bbls a day from 2005.