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How much oil and gas are we talking about? |
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When we measure oil and gas, we measure two things:
- Reserves: Estimated quantity of crude oil or natural gas that is recoverable under existing economic and operating conditions
- Production: Amount of crude oil or natural gas brought from underground to be sold
Click here for details on Canadian reserves and production of crude oil and natural gas.
But measuring oil and gas goes beyond reserves and production. We also measure the impacts of oil and gas, such as employment, exports, investments and government revenues. Here’s a quick look at how Canada’s oil and gas industry stacks up:
- Largest energy supplier to the United States, providing almost one quarter of all US crude oil imports
- Employs about 500,000 people directly and indirectly
- Invested $50 billion in 2008 in capital investments
- Paid $24 billion to governments in 2007
- Responsible for 25% of value on TSX
For more Canadian oil and gas statistics, visit:
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