More Jobs for Missouri
The development and production of Canadian Oil Sands leads to more American goods and services being exported to Canada — and that means more American jobs. In addition, this steady supply of affordable energy will help Missouri employers.
In all, a study by the Canadian Energy Research Institute (CERI) predicts Canadian oil sands will be responsible for 2,900 Missouri jobs by 2015 and $666 million in economic value to the state of Missouri by 2025.
Missouri Manufacturers, Military Bases and Farmers
Missouri job creators — from large manufacturers to small businesses, from family farmers to military bases — benefit from the steady, reliable supply of oil from Canadian oil sands that help to stabilize input costs, fuel growth, and foster economic and energy security.
Canadian oil sands can meet our oil needs with greater reliability and with less risk of disruption to Missouri’s consumers and businesses. With this steady, abundant source of energy from a friendly source, America can increase its energy security and look towards a bright economic future.
Missouri-Canada Partnership Already Flourishing
Canada is also the top export destination for 34 states, including Missouri, which translates to more jobs for Missouri residents. In fact, there are 162,000 Missouri jobs as a result of the Canada–Missouri trade relationship, according to a report by the Consulate General of Canada.
This report also indicates there are 74 Canadian-owned companies employing 6,563 people in more than 180 locations in the state. Furthermore, in 2009, Missouri sold more than $3.2 billion in goods and services to Canada in 2009.
Overall, Canada and the United States are major trading partners, and the results clearly show significant economic benefits to the United States from increased economic activity in Canada. As investment and production in oil sands increases in Canada, the pace of economic activity is expedited, and demand for American goods and services increases rapidly. According to CERI, this could result in an estimated 343,000 new American jobs between 2011 and 2015.
Read more:
- CERI: The Impacts of Canadian Oil Sands Development on the United States’ Economy
- Missouri-Canada Trade Facts
