Could Canadian Crude Improve European Energy Security? – Analysis
By Larry Hughes
** Introduction **
In 2021, Canada produced 4.74 million barrels of crude oil a day (mmbbl/d), making it the world’s fourth largest producer of crude oil. Projections suggest that by 2030, Canada will have increased its production to between 5.79 and 6.18 mmbbl/d.
Canada’s expected rise in...