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CERI: The Impacts of Canadian Oil Sands Development on the United States’ Economy

CERI: The Impacts of Canadian Oil Sands Development on the United States’ Economy

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Published by Energy Tomorrow
CERI, a non-profit Canadian energy and environmental research institute, examines the impacts of developing Canadian oil sands on the United States’ economy. Canada and the US are major trading partners, and the results clearly show significant economic benefits to the US from increased economic activity in Canada. As investment and production in oil sands ramps up in Canada, the pace of economic activity quickens and demand for US goods and services increase rapidly, resulting in an estimated 343 thousand new US jobs between 2011 and 2015. Demand for US goods and services continues to climb throughout the period, adding an estimated $34 billion to US GDP in 2015, $40.4 billion in 2020, and $42.2 billion in 2025.
CERI, a non-profit Canadian energy and environmental research institute, examines the impacts of developing Canadian oil sands on the United States’ economy. Canada and the US are major trading partners, and the results clearly show significant economic benefits to the US from increased economic activity in Canada. As investment and production in oil sands ramps up in Canada, the pace of economic activity quickens and demand for US goods and services increase rapidly, resulting in an estimated 343 thousand new US jobs between 2011 and 2015. Demand for US goods and services continues to climb throughout the period, adding an estimated $34 billion to US GDP in 2015, $40.4 billion in 2020, and $42.2 billion in 2025.

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Published by: Energy Tomorrow on Oct 19, 2009
Copyright:Attribution Non-commercial No-derivs

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05/11/2014

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Canadian Energy Research InstituteThe Impacts of Canadian Oil Sands Development on theUnited States’ EconomyFINAL REPORTOctober 2009
 
Relevant • Independent • Objective
 
 
 THE IMPACTS OF CANADIAN OIL SANDS DEVELOPMENT ONTHE UNITED STATES’ ECONOMY

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