I think it's a good idea.
Actually, given the amount of oil in Canada and the US, I'd like to see greater trade with the two and more development. Frankly, I think if the US acquiesced to allowing Canada the northwest passage, we'd be willing to become almost exclusive trading partners. Off the coast of Newfoundland is an oil reserve that's larger than all the oil reserves in the middle east combined. I also think more development in to green energies should be developed to reduce our dependency on a non-renewable resource.
PS: If you're interested in what's off the coast of Canada, check out this link:
Steel, Sweat, and Oil As Nova Scotia and Newfoundland tap their vast offshore oil and gas fields, Canada's hardscrabble Atlantic provinces are finally getting a chance to achieve a rugged, old-economy kind of prosperity. - October 2, 2000
If developed, it would be the great basin of oil and gas production for the world. CNN agrees.