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37 Can.-U.S. L.J. 231 (2012)
A Comparative Perspective of the Impact of Canadian and United States Oil Regulation Differences on Approving Use of New Petroleum-Based Energy Sources

handle is hein.journals/canusa37 and id is 243 raw text is: A COMPARATIVE PERSPECTIVE OF THE IMPACT OF CANADIAN AND UNITED STATES OIL REGULATION LAW DIFFERENCES ON APPROVING USE OF NEW PETROLEUM- BASED ENERGY SOURCES By: Diana Mohyi INTRODUCTION: The race to find alternative energy to fuel the American economy and save it from reliance on the Middle East oil supply fails to reflect that the United States has a ready source of oil from Canada. In terms of proven pe- troleum reserves, Canada ranks third after Saudi Arabia and Venezuela.' Canada's oil reserves are eight times larger than the United States.2 Alt- hough the United States and Canada have similar governing structures due to their shared heritage, and both countries are committed to working together, their energy policies are not completely congruent. United States energy policy overemphasizes security and environmental concerns consequently disadvantaging its economy; alternatively, Canada's economy-focused ener- gy policy gives its economy an advantage in energy matters. I. BACKGROUND Security and environmental concerns are the 'rock and hard place' in the American race to find alternative energy sources. The risk to United States energy security mandates that the United States find energy sources outside of the Middle East. Experts have determined that a potential terrorist attack on the Saudi Arabian oil infrastructure can be easily carried out and have devastating effects on the United States economy.4 As the State Department sits poised to approve the Keystone XL Pipeline Project that would allow 1 Notes for a Speech by The Honourable Joe Oliver, P.C., MP. Minister ofNatural Re- sources: Canada and the US.: Charting our Secure Energy Future, October 4, 2011, United States Energy Association Washington, DC, http://www.nrcan.gc.ca/ media- room/speeches/87/3079 (last visited June 29, 2012). 2 Id Lee-Anne Goodman, State Department Poised to Approve TransCanada's Keystone XL Pipeline to Reduce Reliance on Persian Gulf GLOBE & MAIL (Oct. 21, 2010 5:41PM), http://www.theglobeandmail.com/globe-investor/us-set-to-approve-keystone-xl- pipeline/article43299 10/. 4 See ROBERT BAER, SLEEPING WITH THE DEVIL: How WASHINGTON SOLD OUR SOUL FOR SAUDI CRUDE 23, 26 (2003).

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