Canadaโs oil could replace American imports of Russian crude, the top officials of the oil-producing province Alberta said this weekend .
As talks about banning Russian oil imports in the United States and its European allies intensify, reports have started to emerge that the U.S. Administration could be looking to persuade Saudi Arabia to pump more oil or lift some sanctions on Venezuela to help fill the gap that a Russian oil embargo would open.
On Sunday, U.S. Secretary of State Antony Blinkenย saidย that the United States and its European allies were in โvery active discussionsโ about banning the import of Russian oil over Putinโs war in Ukraine.
Even without sanctions on Russian oil, some of the biggest U.S. importers of Russian crude oilย have started suspendingย their purchases of the commodity.
Canada has long pitched its crude as one that is not produced in rogue government regimes such as Venezuela, Iran, or Russia, and Albertaโs top officials now say that its crude could be the answer to more supply from allied nations to the United States.
Retweeting Elon Muskโs comments that โwe need to increase oil & gas output immediately,โ Albertaโs Energy Minister Sonya Savageย saidย on Saturday:
โAgreed. And it should come from Alberta, home of the 3rd largest oil reserves. Alberta is the answer to US Energy security. Real emissions reductions, reliable, right next door.โ
Albertaโs Premier Jason Kenneyย saidย that he and Savage would be attending the CERAWeek conference in Houston this week, where โWe will be meeting with decision-makers to secure access to markets, attract job-creating investment to our province, and argue for Canadian energy to displace Russian conflict oil.โ
Kenney also said that Alberta would be delighted to welcome a visit from U.S. President Joe Biden, as one reportedly being considered to Saudi Arabia.
Kenneyย notedย that in a visit by President Biden to Alberta โWe could discuss how to ship nearly 1 million barrels of day of responsibly produced energy every day from the USAโs closest friend and ally! All it would take is his approval for Keystone XL. Easy.โ ย
Article By :
Tsvetana Paraskova ofย OilPrice.com
ย TYLER DURDEN
