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CERI sees US economic gains from Canadian oil sands

10/26/2009
By Nick Snow
Canadian oil sands development represents a potential economic boon that could lead to more than 342,000 new US jobs, concluded a Canadian Energy Research Institute study commissioned by the American Petroleum Institute.The study, "Canada's Oil Sands and Economic Impact on the USA," said more Canadian oil sands production could stimulate economic activity in both countries.As oil sands production and investment in Canada rises, demand for US goods and services would add an estimated $34 billion to US gross domestic product in 2015 and $42.2 billion in 2025, the study said.CERI's study also projected new US jobs would be created as a result of the oil sands development, with the ...
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