(Already posted in the Canada forum. CHIMO suggested I post it here.)
The President will visit America's largest trading partner on Feb. 19th, but for the five hours he's in Ottawa, he'll barely leave Air Force One.
This is an important diplomatic lesson that Canada had better understand. America's Canadian relationship is vitally important, but Canada's current Prime Minister needs to comprehend that America holds the best cards and will probably agree to very little until Canada's government stabilizes and America's economy is on more solid ground.
Central to these discussions will be the future of oil and gas from Alberta's Tar Sands mega-project which produces 1.3 million barrels of gas daily. Canada's economy depends heavily on supplying America with most of its oil and gas. During the economic downturn American demand has decreased by 1 million barrels per day.
In the New York Times recently, Andrew Nikiforuk, the author of a scathing expose,entitled Tar Sands claimed that declining demand has resulted in "the withdrawal of anywhere from $50 to $100 billion in capital".*
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http://www.huffingtonpost.com/giles-slade/obama-fends-off-neighbor_b_166235.html