How Canada was outplayed by America in the race to become an energy superpower
Claudia Cattaneo | June 3, 2016 1:38 PM ET
Canada once fancied itself an emerging energy superpower. Instead, it has been outplayed by the United States, its biggest customer, which has raced ahead to become its top oil and gas competitor. Canada had all the promise of big reserves, great technology, stable governments and world-leading regulation, but, as it turned out, the U.S. won by making its own luck: rejecting the Keystone XL pipeline to frustrate Canadian oil growth, fracking up a storm and building energy infrastructure faster. It also received plenty of help from Canadians blocking oil and gas transportation and infrastructure in their own country.