It's Been a Bad Couple of Months for the Canadians

First, it was the US killing TransCanada's Keystone XL.

Then, it was the fracking story coming out of Wyoming affecting Encana.

And, of course, Obama's comments to Stephen Harper which can be summarized in three words: "suck it up." The link takes you to a BBC story, one of the few stories in which the BBC is on the side of the Americans and not on the side of the British Empire.

Interestingly, the price for shares of Encana is up, along with the rest of the energy companies, and the market in general, despite the fracking story, and the fact that the price of oil is down again today.

This is not an investment site; see disclaimer at the right.

Meanwhile the House has attached a requirement to the payroll-tax-cut bill that the president make a decision on the Keystone sooner than later.

Data points:

• most Americans don't follow the Keystone debate
• of those who do follow it, most support the pipeline
• most Americans use oil-related products
• the project would be financed by non-taxpayer money
• the shovel-ready project would employ 10's of 1,000's of union jobs

So, the president can kill the perfect jobs bill as well as raise taxes on "real working Americans" with one veto.

This will be interesting to watch.