14 DAY TRIAL // For the time being, the US Energy Administration has no choice but to rely on crude oil imports in order to keep its energy industry up and running and make sure that American citizens have their electricity demands met.
Interestingly enough, reports indicate that, out of a total of 9.033 million barrels imported by the US on a daily basis, as many as 2.666 come from Canada. In case anyone was wondering, these figures make Canada the top crude oil supplier for the US.
Still, given the fact that Ontario, one of Canada's provinces, has very big plans for the future of its green energy industry, Oil Price suggests that, sooner or later, the US might start looking into the possibility of importing significant amounts of environmentally-friendly electricity from these neighbors at the north.
According to the aforementioned source, Ontario is, for the time being at least, struggling to deal with a rather unexpected and hard-to-come-by problem.
Thus, thanks to major investments made in the field of harvesting renewable power sources, this province presently produces more electricity than its households, businesses and industries require.
To cut a long story short, Ontario's wind and solar power industries are fully capable of generating as much as 2,000 megawatts, and development plans for the future indicate that this province could soon produce 10,700 megawatts from renewables alone.
It may very well be that solar and wind power are relatively unstable and could sometimes fail in meeting expectations, yet the fact remains that, should things continue to unfold in this manner, Canada could soon start exporting green energy in the US, rather than your run-off-the-mill crude oil barrels.
Although no official news on this topic has thus far hit the public eye, the idea does indeed seem worthy of consideration, so hopefully high officials in the US will agree to look into it.