This is a good article I found about this theory on SH.

If according to the writer of that report now upcoming oil producers will benefit .So to me also Canada has a good chance to join the major oil producers as well and becomes among the “petro-superpowers”

So if more and more oil sands come on stream this must benefit the Canadian economy and streghten the Cad $ vs US $. 

The principal recipients of petro-dollars — the major oil-producing states of the Persian Gulf, the former Soviet Union, and Latin America — will undoubtedly use their accumulating wealth to purchase big chunks of prime American assets or, as in the case of Hugo Chávez of Venezuela or the Saudi princes, pursue political aims inconsistent with American foreign policy objectives. America’s vaunted status as the world’s “sole superpower” will prove increasingly ephemeral as new “petro-superpowers” — a term coined by Senator Richard Lugar of Indiana — come to dominate the geopolitical landscap