Energy Council of Canada
Mark Menezes is CEO of the United States Energy Association.
Held in Ottawa by the Energy Council of Canada, Canada Energy Update 2024 brings together leaders from Canada's major national energy industry associations to provide a high-level review and forecast. Enjoy these excerpted remarks by United States Energy Association CEO Mark Menezes.
From our USEA event, the United States is the leading producer of oil and natural gas. Canada's fourth. We vaulted over, because of the Shale Revolution both in natural gas and we figured out how to use hydraulic fracturing for oil. Once that happened, then both production of natural gas in the U.S. and oil has taken off.
Now for the oil exporters, again, the United States. Canada's in at number five. It's important that I hear people talk about the U.S. and our prodigious amounts of oil and natural gas that we produce. We're quick to say we're the number one producer, but then I also hear people say we're also the number one exporter. But that's not quite accurate.
For the United States with respect to oil, we haven't reached number one. However, with Daniel Yergin, the Pulitzer Prize author, when I made the point that we were fourth in oil exports, he corrected me quickly saying that, "Well, yes, but when you add up all the petroleum products, the U.S. is the number one exporter."