Geographic Spotlight: Ontario, Canada
Wednesday, May 6, 2026. Ontario is Canada's most populous province but a rounding error in oil and gas. Crude: 498 bbl/d (2023), <0.1% of Canada's total, down from 1.3M bbl/d in 2013. Remaining reserves: 10M barrels. Natural gas: 6.2 MMcf/d (2023), <0.1% of Canada's total, down from 12.3 in 2013. Remaining: 650 Bcf. Ontario produces <1% of refinery crude needs, relies entirely on US imports. Energy transition focus: nuclear and hydroelectric. Historical footnote: Canada's first commercial oil well drilled here in 1858. Now a relic. Watch Alberta, not Ontario.
