John Bolton - July 27, 2025


US energy sold to the EU... Do NOTHING Carney won't build a pipeline

Topics
trade imbalance supply management
Hosted by
John Bolton
Mentioned
Donald Trump Mark Carney John
Don't ask what Carney CAN DO for your country, ask what HE WON＂T DO The BIGGEST scandal in Canada - No one is talking about

Episode Stats


Length

6 minutes

Words per minute

167.23

Word count

1,153

Sentence count

103

Harmful content

Misogyny

1

sentences flagged

Toxicity

1

sentences flagged

Hate speech

1

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Trump and the EU reach a major trade deal. Meanwhile, here in Alberta, we can't get a pipeline built from the east to the west because of the "anti-Canadian" opposition to the proposed Keystone XL pipeline.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
Topics generated with Qwen2.5-3B-Instruct.
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 Hi, it's John and welcome to the channel 452 a.m. Sunday, July the 27th. I hope you're
00:00:11.640 having a great Sunday afternoon. I do have my big blue mug of coffee. It's just sitting
00:00:16.220 over there, but I wanted to show you this to start things off. I'll come back to this
00:00:21.100 in just a moment. This afternoon, I was having a bit of a snooze on a rainy afternoon in
00:00:25.700 Calgary. It's up very early this morning and I woke up to see this on my screen. So you
00:00:31.320 can see this from YouTube. Trump, we've reached a deal. Breaking, Trump and EU reach a major
00:00:37.440 trade deal. Oh, really? So there was Ursula von der Leyen, the head of the European Union, 0.55
00:00:43.180 sitting next to Donald Trump and they have signed a deal. Now, as you know, Canada does not have
00:00:48.200 a deal with our biggest trading partner, the United States of America. But in that video,
00:00:55.700 the very first thing Donald Trump brought up was this. The European Union is going to agree
00:01:07.480 to purchase from the United States $750 billion worth of energy. $750 billion worth of energy.
00:01:19.400 And again, the energy is a very important component because we have more energy than anybody else in
00:01:27.620 that sense. And I think it was very wise that they buy a lot of energy and it's great stuff
00:01:36.960 and it solves a lot of problems. So that was a great decision, I think.
00:01:42.480 The EU is going to buy $750 billion worth of energy from the United States of America. Meanwhile,
00:01:49.480 here in Canada, here in Alberta, we can't get a pipeline from the east to the west to do something
00:01:56.260 like this because we've got the liberals in the way. We've got Mark Carney in the way.
00:02:01.300 I'll get to this in just a moment.
00:02:08.700 You know, we've got a veto on everything here. Well, if the provinces don't want a pipeline,
00:02:13.680 no pipeline. Ah, if the aboriginals don't want a pipeline, no pipeline. Can you imagine the 1.00
00:02:17.840 prosperity if we could sell $750 billion worth of oil and energy from Alberta to the European Union
00:02:25.080 right now? But you know what? Carney, he's hitching his wagon, mentioned it so many times at the EU.
00:02:30.200 He and von der Leyen speak the same language, folks. Any deal that Canada makes with the EU will
00:02:37.040 include a carbon border adjustment mechanism. Do you think Donald Trump is paying an extra price
00:02:44.820 on his oil and energy going to the EU? Not a freaking chance. But if Canada were to do such a 0.85
00:02:50.280 thing, we'd have to pay extra to get our oil over there. And that's another reason why we don't have
00:02:55.100 a pipeline. Carney talked about this all the time. The Americans are being really
00:03:00.060 mean to me. But you know, if we make any deals overseas, there's got to be a price on carbon.
00:03:04.900 So on the one hand, we have our largest trading partner, as we've been discussing, attacking
00:03:10.980 us, putting tariffs on us. On the other hand, we have the opportunity to diversify trade.
00:03:17.880 Guess what one of the requirements is to diversify trade to the European Union? Guess what one of the
00:03:22.560 requirements is to diversify trade to the United Kingdom? Guess what one of the requirements
00:03:26.760 will be to diversify trade to emerging Asia? Is to have a form of price on carbon?
00:03:34.600 Meanwhile, we still haven't got a trade deal here with the United States of America.
00:03:41.160 Did I mention this? I'll get to this in just a moment.
00:03:43.740 Apparently, this deal, there's a 15% tariff on everything from the EU. Everything. And the EU,
00:03:51.200 because of a trade imbalance, is buying all this stuff, including the aforementioned energy from
00:03:56.540 the United States of America. Von der Leyen was asked about this. Yes, ma'am.
00:04:00.580 I have a question for the EU country president. What are the U.S. concessions? What is the U.S.
00:04:06.500 giving up in the deal? So, as we, the starting point was an imbalance, a surplus on our side and
00:04:12.720 a deficit on the U.S. side. And we wanted to rebalance the trade relation. And we wanted to do
00:04:19.180 it in a way that trade goes on between the two of us across the Atlantic, because the two biggest
00:04:27.000 economies should have a good trade flow between us. And we, I think we hit exactly the point we
00:04:33.680 wanted to find. Rebalance, but enable trade on both sides, which means good jobs on both sides
00:04:39.880 of the Atlantic, means prosperity on both sides of the Atlantic. And that was important for us.
00:04:46.360 Von der Leyen says we have to even out the trade imbalance. We need to work together. You know,
00:04:51.740 I think Canada should be able to get a better deal than 15% that the EU gets. We're their number
00:04:57.200 one trading partner. I think somebody, I don't know who that'll be, should be able to negotiate a deal.
00:05:02.640 But there's things that get in the way. Donald Trump talks about a trade imbalance with Canada.
00:05:06.940 Now, whether you like his numbers or not, the President of the United States believes there's
00:05:11.560 a big trade imbalance between our two countries, and we have to straighten that out. And there's
00:05:17.160 something else that really bothers him. He said this way back in March, and he's still talking about
00:05:23.880 this today. Canada has been ripping us off for years on tariffs for lumber and for dairy products.
00:05:32.060 250%, nobody ever talks about that. 250% tariff, which is taking advantage of our farmers. So that's
00:05:40.220 not going to happen anymore. We're going to be, they'll be met with the exact same tariff unless
00:05:45.400 they drop it. Dairy, dairy and lumber, but dairy. This is a big thing with Donald Trump.
00:05:51.080 Supply management, which is now entrenched in Canadian law. Could that be the reason? Other
00:05:56.980 people have talked about it. Milk getting in the way of a trade deal between Canada and the United
00:06:02.020 States of America because the Liberals and the Conservatives, because Paulyov says he won't touch
00:06:07.520 supply management either, but the Liberals and the Conservatives are trying to protect Quebec.
00:06:11.920 Quebec. We've got a government that won't get our oil to the East Coast so we can sell it to the EU.
00:06:20.260 $750 billion in energy from the United States to the EU. That will never happen for Canada,
00:06:26.340 but at least you got high prices on your milk, folks. What a great trade-off, eh?
00:06:30.620 Thanks for watching. I hope you liked the video.
00:06:37.980 It just never ends here. It just never ends. Alberta independence, folks. Talk to you soon. If
00:06:42.860 you liked the video, give me a thumbs up. Ring the bell for notifications. Subscribe to the channel.
00:06:48.500 Thank you so much. And I'm going to raise my big blue mug to you. Have yourself a great Sunday evening.