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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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