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News and Facts
Canada has the world's 2nd-largest proven crude oil reserves. Most reserves are in Alberta's oil sands - approximately 173 billion barrels.
In 2006, Alberta exported about 1.35 million barrels per day of crude oil to the U.S., supplying 13 per cent of their crude oil import and accounting for almost three-quarters of Canada's oil exports to the U.S.
Oil sands accounts for more than two-thirds of investment in the province. $100 billion worth of oil sands investment generates approximately $1 trillion worth of economic activity.
In 2005, Alberta produced about 13.8 billion cubic feet of natural gas a day, and 5 trillion cubic feet per year. That is almost 80% of Canada's natural gas.