Many years ago, under Liberal Prime Minister, Pierre Elliott Trudeau, Canada formed a Government owned oil company "PetroCanada". This was supposed to eventually provide Canadians with self sufficiency in non-renewable fuel.
With the changes in governments the Conservatives, under (U. S. puppet) Brian Mulroney decided it would be prudent to make this a publicly owned company. He had already made sure (as president of The Iron Ore Company of Canada) that all our iron ore deposits were American owned.
PetroCanada is now over 70% owned by U.S. interests.
It is my opinion that if we had not given in to the U.S. interests that we would now be at war with our closest neighbours, or at least under stringent trade embargoes, (look at the softwood lumber agreement).
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