Please God . . . we promise not to piss it away this time

One of the jokes going around in the 1970s oil shortage period, when the formerly-wealthy Houston oil barons were going bankrupt, was a bumper sticker which went something like this:
"Please, God, send us another oil boom. We promise not to piss it away this time."
I was reminded of this reading Ian Welch's hugely significant piece "American Genuis" on The Blogging of the President -- he talks about why the American empire-bubble will end.

No society that is not led well over long periods can prosper. The US appears to be in the last frenzy of looting of Empire. The end days are nigh, the looting has extended to eating the seed corn and twenty years from now, seed corn gone, Americans will find that America is not unique and that the sun does set on every great nation. As usual they will have been destroyed from within by the home grown rats, fat upon the grain of their fellow citizens.

I would like to hear Ian's opinions about what will happen to Canada when the bubble bursts.