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Patrick Daniel
Photo: Enbridge
president and chief executive officer, Enbridge
Your company is the largest transporter of Canadian oilsands crude to its U.S. markets. What do you see in the future for demand? The United States is the largest energy consumer in the world and continues to be reliant on imported crude to satisfy its needs. Enbridge is the largest single source of crude oil to the United States, representing about 10 per cent of total U.S. imports. With security of supply taking on an even greater profile in the United States, Canada’s relative export position is expected to strengthen. In fact, U.S. demand for Canadian crude is increasing now as it is displacing supply that is either in natural decline or that is sourced from unreliable producers. Canada’s oilsands, one of the largest oil reserves in the world, are becoming an increasingly prominent source of supply. Global demand for crude oil is expected to resume its growth trajectory given the strength in emerging markets, while North American demand for crude oil in the next few years is expected to remain relatively
Why you need to know him:
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In Canada and the United States, Calgary-based Enbridge operates the longest crude oil and liquids pipeline
H E AV Y O I L & O I L S A N D S G U I D E B O O K & D I R E C T O R Y V
system in the world. Much of the oil that flows through that system comes from the oilsands, and Enbridge is working
on expanding its capacity. The company is also planning to expand beyond North American markets,
proposing a pipeline to Canada’s West Coast that could result in more significant volumes flow to Asia.