I've had it. This is the last straw, the edge of the cliff, the bitter end of the rope.

Hey, political #@$% man! Here's a chart for you look at...

See that country, right there on top?

That's Canada, our good neighbor to the north.

Crude Oil Imports: Top 15 Countries

(Thousand Barrels per Day) Country Sept-11 Aug-11 YTD 2011 Sept-10 YTD 2010 CANADA 2,324 2,240 2,157 1,937 1,971 SAUDI ARABIA 1,465 1,075 1,180 1,082 1,072 MEXICO 1,099 1,150 1,113 1,108 1,132 VENEZUELA 759 806 893 919 928 NIGERIA 529 854 826 1,107 1,018 COLOMBIA 510 365 364 308 328 IRAQ 403 637 473 422 464 ECUADOR 299 303 203 229 215 ANGOLA 283 311 323 404 413 RUSSIA 275 252 246 286 295 BRAZIL 163 213 225 177 270 KUWAIT 145 165 164 172 204 ALGERIA 139 140 204 366 337 CHAD 74 32 54 30 14 OMAN 72 52 39 0 0



We import almost twice as much oil from Canada as we do from Saudi Arabia.

We don't even have to go to war halfway around the world to ensure we get this oil. We don't have to twist our beliefs like a pretzel, or pay massive bribes to tribal thugs, either. Nor do we have to spend a trillion dollars we don't have.

To paraphrase Bismarck, the Middle East isn't worth the bones of one American grenadier.

I Love Canada

Ever been to Toronto, Quebec, or Vancouver? Those are great towns. They are clean, prosperous, and friendly.

Heck, Canadians are generally easy to get along with. They have beer and play baseball and everything...

If I were in charge of a country in the depths of the biggest recession in three generations, I would bend over @#$-backwards to be nice to my largest supplier of energy.

I would bring them tea and ask them if they want a pillow... tell them the Blue Jays have a shot at a pennant this year.

What I'm saying is our closest ally — the one that shares the longest non-militarized border in the world — has enough energy to make the U.S. an industrial powerhouse again.

Do you hear what I'm saying, you clueless clowns down in D.C.?

We have a freakin' godsend, and Obama — for reasons known only to him — decides to kick the golden goose with a hobnailed boot.

As Brian Hicks wrote yesterday about Canada:

With as much as 1.7 trillion barrels of oil now within recoverable reach from their massive oil sands mega-formations, this nation has in its grasp more than six times the oil of Saudi Arabia's reserves.

If that weren't enough, they have a total landmass second only to Russia — including some of the world's richest mineral reserves.

This nation is home to the world capital of precious metals and mineral mining, a city that consistently ranks as one of the most livable cities on Earth.

That seems like a country you might work a deal with, a little give-and-take, do some business...

One might even exert pressure on the Canadians to ensure they sell oil only to Uncle Sam — and not to our biggest economic rival.

The Best Free Investment You'll Ever Make Stay on top of the hottest investment ideas before they hit Wall Street. Sign up for the Wealth Daily newsletter below. You'll also get our free report, "A Great Year Ahead for Natural Gas: A 2017 Outlook" by our expert research team. We never spam! View our Privacy Policy After getting your report, you’ll begin receiving the Wealth Daily e-Letter, delivered to your inbox daily.

On Monday, Canadian Prime Minister Stephen Harper was in Washington along with the President of Mexico, Felipe Calderon.

Obama's Gift to Canada

When asked about the Keystone oil pipeline that that Obama shut down, here is what P.M. Harper had to say:

Now, in fairness though I've got to say that Canada's interests here are a little bit different. And particularly, I might as well be frank, particularly in light of the... of the interim decision at least on Keystone. What it really has highlighted for Canada is that our issue when it comes to energy and energy security is not North American self-sufficiency. Our energy [issue] is the necessity of diversifying our energy export markets. We cannot be, as a country, in a situation where really our one, and in many cases almost only, energy partner could say no to our energy products. We just cannot be in that kind of position.

And the truth of the matter is that, when it comes to oil in particular, we do face a significant discount on the marketplace because of the fact that we're a captive supplier.

We have made it clear to the people of Canada one of our national priorities is to make sure that we have the infrastructure and the capacity to export our energy products outside of North America.

This means Canada has woken up.

Some have estimated the Canadian oil discount to the U.S. is $4.6 billion a year due to the lower price of West Texas Crude versus the global price of Brent.

Canada has supplied oil to the United States for more than 80 years, but now Harper's thinking is enough is enough.

If the U.S. will be a temperamental buyer, Canada can sell their oil to the Chinese at a higher price. Harper went to China in February to lay the groundwork for this very thing...



And of course, the Asian market is reacting with glee.

According to Canada's Globe and Mail:

In October, Sinopec announced it was acquiring Daylight Energy for $2.1-billion. In February, Mitsubishi invested $2.9-billion in a joint venture with Encana on its B.C. gas assets. Both are looking at the potential to ship gas to B.C. for the Asian liquefied natural gas market.

In January, PetroChina expanded its oil sands investments by acquiring, for $680-million, additional oil sands assets from Athabasca Oil Sands Corp. In February, PetroChina acquired a 20-per-cent interest in Shell’s Groundbirch asset for an undisclosed amount. Sinopec is also a major investor in the Canadian oil sands market and an investor in the Gateway pipeline.

Can't Beat Them

Canada is growing...

The unemployment rate has fallen to four-year lows. And the Canadian dollar has gained 21% against the U.S. dollar since 2009. Federal debt to GDP ratio is the lowest in the G7 — and forecast to fall to 28.5% by 2017. Canada's corporate tax rate is 15% compared to 35% in the U.S. of A.

Canada has proven there is such a thing as good leadership.

In today's uncertain economic times, I recommend you diversify some of your portfolio into Canada.

My boss and owner of Angel Publishing, Brian Hicks, has found a safe and secure investment that will ride the Canadians' resource boom. I recommend you read it.

All the best,

Christian DeHaemer

@TheDailyHammer on Twitter

Since 1995, Christian DeHaemer has specialized in frontier market opportunities. He has traveled extensively and invested in places as varied as Cuba, Mongolia, and Kenya. Chris believes the best way to make money is to get there first with the most. Christian is the founder of Bull and Bust Report and an editor at Energy and Capital. For more on Christian, see his editor's page.