Carney Says ‘Buy Canadian’ — Then Stabs Alberta in the Back
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Summary
How much oil and natural gas does Canada produce and where does it come from? And why can't we be our own best customer when it comes to our oil and gas? - Budget day in Canada. We live on top of more than a TRILLION barrels of oil and a quad-ILLILLION cubic feet of natural gas. We can give ourselves much more than any foreign government, including the United States, can ever take away from us.
Transcript
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Hi, it's John and welcome to the channel 429 AM. It is Tuesday, November the 4th. I hope
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you're having a great start to your Tuesday morning. I tip my big blue mug of coffee to
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you today. Huge day today in Canada. Wow. Budget day. I think it's our first budget in 18 months.
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How the hell can you possibly run a country without a budget for 18 months? The liberals
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seem to be able to do it. But it is budget day today. My friend Paul suggested this video to me
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in a text message yesterday. And I got a question for Mark Carney today. Mark, are you listening?
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Got a question coming up in just a minute. It won't be long. This is not a long video. Trust me.
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Got a bunch of questions. I went to chat GPT to ask a few questions. Now you can go to any AI or
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anywhere. These numbers are pretty consistent. All right. Pretty accurate. So the question I asked
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here is how much oil and natural gas does Canada import annually and where does it come from?
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So when it comes to crude oil, this is the latest numbers here. In 2023, Canada imported about 490,000
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barrels per day of crude oil. Most of them came from the United States. Natural gas in 2023, we imported
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2.5 billion cubic feet per day of natural gas. Most of it coming from the United States. Another
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question I asked of chat GPT was how much do oil and natural gas imports cost Canada annually? Well,
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when it comes to crude oil, it's about $21.5 billion a year. And when it comes to natural gas,
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it's about $3 billion a year. So about $24 billion annually Canada spends on oil and natural gas. There
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are other places where oil and natural gas comes from, but most of it comes from the United States.
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Now I would like to introduce you to Danielle Smith, the premier of my province.
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And one more thing. We literally live on top of more than a trillion barrels of oil and more than a
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quadrillion cubic feet of natural gas. These oil and gas resources represent an astounding tens of
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trillions of dollars in potential wealth for our country. That means hundreds of thousands of new
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great paying jobs, hundreds of billions in taxes and royalties for government services and
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infrastructure, and potentially trillions more in spinoff industries like AI data centers,
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petrochemicals, environmental technology, and a host of other industries that would benefit
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profoundly from the wells generated from its development.
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I don't think it's hyperbole to say that Alberta sits on a lot of oil and a lot of natural gas.
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What was it Mark Carney said the other day when it came to his little pre-budget propaganda video?
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In fact, Mark Carney is quite fond of saying that.
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Because we've introduced a comprehensive bi-Canadian policy.
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We can give ourselves much more than any foreign government, including the United States,
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We have the potential to become our own best customer for steel.
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I'm wondering why we can't be our own best customer when it comes to our oil and gas,
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considering we've got so much of it, just like Danielle Smith said.
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And particularly when you're so fond of also saying this.
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The old relationship we had with the United States based on deepening integration of our economies
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and tight security and military cooperations is over.
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I wonder if the people who voted for you in the last election,
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and the elbows up folks know that we depend so much on the United States when it comes to our oil and gas,
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when we've got so much oil and gas right under the ground here in Alberta.
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We literally live on top of more than a trillion barrels of oil
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and more than a quadrillion cubic feet of natural gas.
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why can't we be our own best customer when it comes to our oil and gas?
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