A new report from three Canadian think tanks points out that Canada is not only without a national energy policy, it is risking its own social, environmental, and energy security to mine and sell tar sands oil to the United States at rock-bottom prices.
"Most of the oil to be taken from the tar sands will go to the United States. In effect, the Athabasca deposits will be the centrepiece of a new continental energy grid. Its main purpose will be to provide a secure supply of fuel for the American industrial and military machines. Canadians are already paying a steep price for feeding the voracious American addiction to the dwindling world reserves of oil and gas.
Given that the rapidly increasing exports of Canada ’s oil and gas to the U.S. puts our own energy security as a nation in jeopardy; that Canada, despite being a petroleum-producing country, is already forced to import nearly half of the oil its people need; that Canada has less than a 10-year supply of conventional oil and natural gas remaining; that most of the tar sands oil is earmarked for export to the U.S., and most of the natural gas from the North is also intended for the U.S. market or to fuel extraction of the tar sands crude â€" the continuation of current energy policies is clearly not in the national interest."
FULL STORY: Fuelling Fortress America: A Report on the Athabasca Tar Sands and U.S. Demands for Canada's Energy
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