That works out to 67 percent of the value of Canada's total merchandise trade surplus with the U.S. of about C$ 76 billion — and 41 percent of U.S. crude oil imports in 2016. (cwf.ca)
The EIA reported that U.S. crude oil imports in 2015 were down 27 percent from their high in 2005, when the shale oil revolution was just getting under way. (amchamcanada.ca)
These new supplies, which are available to meet U.S. domestic petroleum product demand, have substantially reduced U.S. dependence upon crude oil imports from overseas. (api.org)