Canada Risks Becoming Banana Republic Over Energy

Well, if projections are just about right, the US will soon be able to supply Canada with all the energy it needs from its shale fields. Make no mistake, when Canadians find out that they got the short straw in this deal, they will boot those politicians causing this mess out. But it might take a while yet as the public is still firmly enthralled and ready to foot the bill. Who would have told that there might be a chance to reverse the pipelines and instead of Canadian crude going south, US crude goes north.

Canada risks becoming a “banana republic” for its restrictive energy policy and failure to attract new investment into the sector, according to a Calgary money manager.

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