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Originally Posted by Lurch
Believe it not. I don't think the US invaded Iraq for oil, but this comment is simply not true. Canada produces 2.6 million bbl/day, while the US imports something like 14 million bbl/day. Canada would need to produce 5 times its current levels to meet US demand. I believe we are the single biggest source, but even still account for less than 20% of US imports.
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Fair enough--I must have misunderstood my source. Single biggest producer is still pretty substantial, though. And I still don't think it helps the US to create instability in the middle east, though.... but I'm no economist.