Juno News - Trump GOES OFF on NATO allies + Poilievre takes aim at Carney's record

00:00:00.000 Oil prices fell sharply today after Iran announced the Strait of Hormuz is open to commercial

00:00:10.920 shipping. At one time, crude plummeted almost 15% to $81 a barrel. It's fallen 30% in the last

00:00:21.040 nine business days on easing tensions in the Gulf War. The U.S. blockade forced Iran to accept

00:00:28.240 concessions, including agreeing to end its uranium enrichment program. President Trump responded with

00:00:35.340 this post, Iran has just announced that the Strait of Iran is fully open and ready for full passage.

00:00:42.640 Thank you, President Donald J. Trump. Stock markets celebrated by rallying to new highs in

00:00:48.840 the United States. Meantime, the future of NATO is a little more uncertain today because Trump

00:00:54.200 says the alliance has proven it cannot be trusted to do its part after failing to help keep the

00:01:00.360 Strait of Hormuz open when he asked them to. We asked them to get involved on a very minor skirmish

00:01:06.620 by comparison to what it could be. They weren't there, so I don't think they'd be there for a

00:01:11.060 large skirmish, and therefore I think they've got themselves a problem. Time Magazine has recognized

00:01:16.540 Prime Minister Carney as one of the most influential people in the world, but is it all

00:01:21.980 just hype. In a speech this week, Conservative Party leader Pierre Polyev pointed to the

00:01:27.180 huge gap between the media fanfare surrounding Kearney and the PM's actual accomplishments.

00:01:33.420 The gap between Mr. Kearney's boasting and his results is perhaps unprecedented.

00:01:40.860 As Daniel Boorstin said, the greatest enemy of knowledge is not ignorance,

00:01:45.660 it is the illusion of knowledge. Polyev went on to post this on X.

00:01:50.220 Carney has been wrong on every major economic question of our time, and then he goes on

00:01:57.100 to list them.

00:01:59.380 But the legacy media appears less interested in Carney's record on the economy than it

00:02:04.620 is in demanding that Polyev step down as leader of the Conservatives.

00:02:09.540 All of these people, the red Tories, for the most part, except for Michael Chong, have

00:02:12.740 been chased out of the Conservative Party, and it's become more of a right-wing party

00:02:18.580 with a lot of MAGA people in it.

00:02:20.680 And that's a challenge for the Conservatives now.

00:02:24.540 Our guest today is former Member of Parliament, Dan McTague,

00:02:27.820 now President of Canadians for Affordable Energy.

00:02:30.880 Welcome to the show, Dan.

00:02:32.340 Mark, good to be here.

00:02:33.320 And especially just before another weekend,

00:02:35.820 it seems to be showing it's going to warm up a little bit

00:02:37.780 before it gets cold again.

00:02:38.720 I guess that climate's working great.

00:02:41.740 Apparently.

00:02:42.980 And gas prices are going in the right direction.

00:02:45.080 At least oil prices are.

00:02:46.820 We'll have to see what actually happens with gas prices and how soon it happens.

00:02:50.940 But we are seeing a dramatic tumble today in the price of crude at one time falling

00:02:56.940 about 15% to $81 and it rebounded a little bit, but it seems to be hovering between $80

00:03:04.500 and maybe $84.

00:03:07.320 And so that generally points to lower prices at the pumps eventually, does it not?

00:03:13.660 It does, but it's a relief rally.

00:03:16.080 They're relieved that actually something's being done, but frankly, the damage has been done.

00:03:21.180 And that's because the lag time it takes to get back on.

00:03:23.680 This is an energy shock.

00:03:25.500 This is not like a demand issue that we had during COVID where people simply walked away and all jumped in their homes and didn't move anywhere.

00:03:35.060 This is very different in the sense that what we have is oil in complete backward, what's called backwardation.

00:03:42.280 It means the price that you see on the markets is completely disconnected from the price that people are paying to actually buy those barrels of crude.

00:03:50.620 Let me give you an example.

00:03:52.200 Yesterday, there was a deal closed in Sri Lanka, a country with no oil, sort of like Canada.

00:03:59.900 Lots of oil, but refused to get to the rest of the world.

00:04:02.620 Nevertheless, $286 a barrel, not $90 a barrel, not $97 a barrel, not $87 a barrel.

00:04:08.640 so the physical delivery is not the headline number and that's the call what it is it's a head

00:04:14.700 fake um and you've got these people playing little computers and trying to pretend they know what the

00:04:18.900 hell's going on but uh it's a little bit like uh saying uh bait and switch you say yeah the price

00:04:25.020 for that car is uh fifteen thousand dollars however uh when you come to the actual lot it's

00:04:30.760 more like 45 000 so that's what's happening here in in the short term we're gonna see two things

00:04:36.220 Saturday, big increase in gas prices, $0.09 a litre.

00:04:39.300 That's because we're switching from winter to summer gasoline.

00:04:41.920 And there's been a bit of an increase as of yesterday.

00:04:44.620 So it's $0.09.

00:04:45.740 Diesel will go up about maybe $0.02 or $0.03 a litre.

00:04:49.560 Then Sunday is when we'll see the drop.

00:04:51.660 So it'll be all the way back down probably about $0.08 or $0.09 a litre.

00:04:56.040 So bad day to fill up would be Saturday.

00:04:59.180 Better day to fill up is Sunday.

00:05:00.920 And of course, with the federal government temporarily giving away its 10 cent excise tax, maybe even Monday.

00:05:07.760 So the 170s that we're going to see on Sunday will be the high 160s, mid 160s by Monday.

00:05:15.740 That's going to stay until September the 7th.

00:05:17.340 At least that is the plan with respects to the excise tax.

00:05:21.340 But that is not going to guarantee, Mark, that prices aren't going to shoot through the roof because we're dealing with a major supply shortage.

00:05:29.600 And, you know, the head fake by the markets is not going to satisfy the fact that, you know, in two or three months from now, because all the damage that was done over there, no one's getting back on their feet anytime soon.

00:05:41.400 But if I hear you correctly, if people can hold out on filling up Saturday, they're going to get some relief by Sunday, correct?

00:05:50.660 Correct. And even better on Monday because the government's giving away its excise tax,

00:05:55.060 the 10 cents, which in my province of Ontario is about 11.3 cents because the federal provincial

00:06:01.140 governments add taxes to act taxes. And it's a little bit of a give back in terms of the amount

00:06:06.580 of money they've been stealing from the public by imposing 13% on the higher price as they've

00:06:12.020 been doing since the beginning of March. And speaking of that cut in the excise tax

00:06:17.620 uh coming so near to what we're seeing now the events in the gulf do you think that the government

00:06:25.300 will curtail that cut in the excise tax considering that the global prices are expected to come down

00:06:34.740 eventually assuming that what's happening under gulf continues to go in the right direction

00:06:41.700 the opening of the closure of the gulf is immaterial now this is going to be these are

00:06:45.620 are going to be high prices going for the next several months. So July or August, before we get

00:06:50.360 down to where we were before this whole thing began, at least. So the damage to the infrastructure

00:06:57.020 that produces oil, that's everything from refineries, producing diesel, gasoline, to

00:07:03.020 LNG plants in Qatar that have been knocked offline and will be offline for a couple of years.

00:07:09.160 It really means that we're looking at a hyper, you know, inflation on the price of oil, keeping those prices much higher than expected.

00:07:18.640 So whether the government does it or not, here's the big deal.

00:07:22.520 I mean, in my province, again, of Ontario at 13%, Quebec 14.975, Atlantic Canada with the exception of Nova Scotia 15 and then 14%.

00:07:32.680 They're making it up.

00:07:34.320 So, you know, they're picking up three, four or five cents on every litre, given that the price is so elevated compared to where it was before.

00:07:41.520 We think, you know, where we were at the beginning of the end of February, prices have gone up about 40 to 45 cents a litre.

00:07:49.620 So the federal GST of 5% on that additional amount gives the federal government two or three cents a litre.

00:07:56.120 And for the provincial government, four or five cents a litre.

00:07:58.520 So, again, you know, they can withstand a little bit of revenue shortage because they're actually making a lot of money, a windfall, if you will, because of the GST being applied to the higher price, which, of course, some people don't bother worrying about since, of course, they drive EVs or they live downtown and they get their groceries and all their supplies, as we know, by, you know, by pixie dust and by storks.

00:08:22.920 And considering the upheaval globally in the price of oil, you would think that that would provide some incentive to our government in Ottawa to set aside the regulatory burden of building infrastructure that the country so desperately needs.

00:08:40.420 But we've seen precious little.

00:08:41.800 We've heard some talk.

00:08:42.940 We know that there's a memorandum of understanding between Alberta and the feds.

00:08:48.540 But at the end of the day, the demands that the federal government is making in terms of decarbonizing our product are still proving to be very onerous and not very attractive to investors.

00:09:01.140 So, you know, despite all of this happening around the world, we haven't really changed our approach all that much under Mark Carney, have we?

00:09:10.280 No, and you still have net zero.

00:09:11.560 So you still want to impose a reformulation of EV mandates.

00:09:15.720 You want to impose emission caps.

00:09:17.840 You want to have an MOU in which you have to bury or store carbon in underground storage, costing billions of dollars.

00:09:25.200 You want to add and increase the carbon tax on pipelines.

00:09:29.500 This is insanity on full display.

00:09:33.480 And the elbows-up crowd that thinks this is cool and trendy, well, keep watching.

00:09:38.100 Because a trillion dollars left this country, and that's money that would otherwise go to support the kind of society we demand.

00:09:44.160 So instead, we're borrowing heavily to maintain and pretend that we can hire all these people while the country continues to decline.

00:09:52.720 Show me one sector that can prosper.

00:09:55.200 The ones that have have been damaged badly, the manufacturing sector, forestry sector, mining sector, and yes, the petroleum, oil and gas sector.

00:10:02.680 So if you want to really, as it were, because no dog would do this, dump in your cradle, in your kennel, then go ahead and by all means do it and keep voting for it.

00:10:12.020 Because what you're voting for, and we've talked about this many times for the years, Mark, we've seen the decline.

00:10:17.620 It's there. It's happened.

00:10:19.220 I'm not laughing because I think it's amusing.

00:10:22.200 I think the ignorance and the willingness of people to go along with more of this net zero nonsense ESG, I mean, proven to be fraudulent, proven to be fundamentally damaging to those economies, whether it's Britain or Germany.

00:10:37.920 Now we're trying to impose here in Canada and pretend that we can get a pipeline built by, you know,

00:10:43.300 pretending the only pipelines that we're going to have in the world is called decarbonize

00:10:47.820 because at some point down the road, someone's going to want to buy.

00:10:50.380 No, they don't give a damn about that stuff.

00:10:52.180 They want your oil. 0.72

00:10:53.260 They don't want all the other frills that go with it. 0.99

00:10:55.160 And so if Canadians want to be this ignorant, well, then they're going to pay for it 0.99

00:10:59.600 because that's exactly what happens. 0.99

00:11:02.140 You know, Darwin is correct.

00:11:03.820 It's very much applicable to the Canadian electorate these days.

00:11:07.460 And it's interesting to see the hype around Carney continues with Time magazine, recognizing him as one of the most influential people in the world.

00:11:15.780 And you just have to separate the fact from the fiction here, you know, because I think Pierre Polyev has done well to point out the huge gap between the fanfare surrounding Carney and the PM's actual accomplishments.

00:11:30.500 if you look at what he did as governor of the bank of england and then in canada with the money

00:11:37.300 printing the carnage he caused in that country before coming back to canada um what do you make

00:11:45.620 of this i it just it's just amazing how if you've got the media on your side you can perpetuate a

00:11:52.260 kind of glow that is entirely undeserved i think what do you think been there for over a year

00:11:59.140 hasn't proven to do anything he reminds me of that old skit in uh looney tunes bugs bunny leopold

00:12:04.660 leopold yeah the great white guy walks through this like you some he walks on on water i know 0.98

00:12:11.140 some people believe that because fundamentally canadians have become extraordinarily ignorant

00:12:15.460 in understanding what this is all about it used to be a time when the economy was in decline you

00:12:19.620 got shown the door um but canadians are willing to tolerate that because they're in large part uh

00:12:24.820 many people are grifters mooches uh if they can get something from the government free this free

00:12:29.060 free that, they're going to go along with it or because they can pretend that Donald Trump is

00:12:32.720 the bane of our existence. I got to tell you folks, you want to talk about how you dumped on

00:12:38.820 yourselves? The Canadian dollar is no stronger today than it was at the beginning of this energy

00:12:44.480 crisis. And we are the fourth largest approval reserves in the world, but no one takes us

00:12:48.980 seriously. We know that we can't get our product to market and that's cost you and I an extra 35

00:12:53.800 cents a liter. And yeah, for the trendies who don't, it's costing us 75, 80 cents a liter

00:12:58.180 when it comes to the cost of diesel that delivers your food.

00:13:00.840 So unless, of course, you're into granola and maybe grasshoppers and other insects,

00:13:06.840 which I'm sure was a big fan, many liberals were big fans of a little while ago.

00:13:12.120 The reality is that you're paying four years of contempt for the very things that have made this country great.

00:13:18.960 I'm not surprised we tear down institutions. We disrespect our past.

00:13:22.940 We're so willing to be able to push our woke agenda.

00:13:27.240 Well, it comes at a cost.

00:13:28.780 How's the line-up in the food banks going?

00:13:30.420 How about your new spots in the 10 cities?

00:13:32.260 I'm saying this because I think it's critical Canadians understand

00:13:35.040 they've made a massive error, and to quadruple down on it

00:13:38.520 and pretend that Mark Carney is somehow your savior.

00:13:41.600 Mark Carney looks after Mark Carney in Brookfield.

00:13:43.300 He doesn't look after anyone else, and he has not fulfilled one single pledge.

00:13:48.340 So a year and a half into this, a country continues to decline.

00:13:50.960 But yeah, we still want to elbows up.

00:13:53.240 When we elbows up, it's more like ankles up.

00:13:56.560 I mean, if Carney does have a superpower, it isn't having an ability to completely ignore numbers, you know, like $100 billion deficits and a trillion and a half debt, which is what we're headed for by 2030.

00:14:13.600 I mean, none of these numbers seem to faze him at all.

00:14:16.240 you know, he still has, he still puts out this air of confidence like everything is fine. And yet

00:14:21.180 when you look at what's actually going on, you don't even have to dig particularly deep into

00:14:26.040 the numbers to know just how bad things are in Ottawa in terms of the state of our economy. And

00:14:31.860 now, of course, we've fallen out of the top 10 in terms of our economy, with Brazil now taking over

00:14:37.640 in 10th spot. So things are not going well. But you certainly wouldn't know it by listening to

00:14:43.360 media which seems to focus all its attention on trying to get bier poly have to quit you know

00:14:49.760 to trying to eject him out you know it's like everything is topsy-turvy rather than having a

00:14:56.800 media that's holding the government to account we have them absolutely obsessed with bier polyev

00:15:04.400 well the same media has its uh its winners and its losers it has its select group i mean there's

00:15:10.160 a couple of media i'll mention them i'm cbc i won't deal with uh french or english and they

00:15:14.880 can't quote anyone else um we've seen globe and mail we've seen toronto star all these folks have

00:15:20.480 one thing in common media grift they take money from the money from the government and they know

00:15:26.160 the conservatives will get rid of that and force them to be more competitive and more aligned and

00:15:30.000 do their investigative journalism but here are you know example i've given you uh intel that

00:15:35.040 is extraordinarily important to 93 percent of canadians who are smart enough to drive an

00:15:38.800 internal combustion engine for whom energy prices is ubiquitous i've given you a heads up and these

00:15:45.120 folks i've seen them do it they'll listen to what i say on another station and grab it as their own

00:15:49.360 give no credit and will refuse to have me on because they don't like my stance on net zero

00:15:53.840 they don't like the fact that over nine years we have proven in spades that following esg

00:15:59.920 following the woke agenda and following net zero has undermined canada significantly there are other

00:16:06.000 factors too over migration and whatnot but this is one of the main drivers that has pile driven

00:16:13.040 the canadian economy to the ground and they've been willing and paid parties to it so don't

00:16:18.560 expect it on cbc anywhere they call this morning i just ignore them because frankly at the end of

00:16:23.120 the day their own interest in one thing we don't care about gasoline price we care about electric

00:16:27.680 vehicles so it's kind of hypocritical for them to actually suddenly be concerned about that's

00:16:31.120 true of the globe and mail it's editorial board which didn't have a problem with a trillion

00:16:35.120 dollars that left this country, nor did CBC, nor did the Toronto Star. So shame on them.

00:16:39.200 And if you want to be socialist, that's fine. But admit you have a conflict of interest. You're

00:16:43.600 paid 30,000 bucks a head by the federal government to push their nonsense. That's why we don't have

00:16:48.480 any objectivity. That's why Pierre Polyev is standing up to them. And that's why Dan McTague

00:16:52.640 has no trepidation, was standing up to them either. And yet now they have a majority government.

00:16:58.160 And so it looks like we're stuck with them for a few more years, possibly.

00:17:05.120 Oh, yeah. Just wait till welfare checks no longer get honored. I mean, as I said, check your place out. Go downtown Toronto. Half those buildings are going to soon go under power of sale. Half of them are worth a third less of what they were a year and a half ago. Your food prices are going through the roof.

00:17:23.260 no one can afford decent meat, much less fresh produce. There is no metric that one can trot

00:17:30.940 out other than government jobs or government funded initiatives where there is anything

00:17:36.940 positive. The construction industry is dead. The manufacturing industry, auto in particular, is

00:17:41.980 dead. The oil and gas sector were not for provincial governments, would be pretty much

00:17:46.940 dead and cannot respond to the needs of the world. Our youth know they're in big trouble.

00:17:51.740 we've snuffered them. And if you're over 60 years of age and smugly walking around with your little

00:17:55.740 pensions, shame on you. You have destroyed Canada. It's unpatriotic. You're anti-Canadian

00:18:01.100 because you're very selfish. How do people support Canadians for affordable energy? 0.81

00:18:06.540 Yeah, come to our site, affordableenergy.ca. You'll get the gas price predictions well in advance.

00:18:11.340 You can also see some of the perspectives. I'm not fooling around here. I've done many years

00:18:15.020 in politics and in the private sector. I work in both languages across the country and I can reach

00:18:20.380 a number of constituencies out there but the reality is we need their help and your help to

00:18:24.700 continue providing your ideas uh come to the site become a member become a follower and learn as i

00:18:31.420 have that uh experience there's no substitute for experience in this case and uh even uh the uh uh

00:18:38.540 the much learned um you know uh kings uh that run this uh this country the mark carnies of this

00:18:44.860 world are in fact quite vulnerable when you look at it under closer scrutiny and you put them up

00:18:49.580 up against the reflection of a much stronger policy position, you realize just how bad it is

00:18:56.040 and how bad the country's become and how poorly it is being led, despite those out there who want

00:19:00.980 to cheer mediocrity on. Dan McTague, thank you so much for coming on the show. We always appreciate

00:19:06.440 it. Good to be here, Mark. Thanks for having me. If you enjoyed this show, consider supporting

00:19:11.000 great independent journalism by becoming a premier member of Juno News. Go to junonews.com

00:19:17.160 backslash straight up.

00:19:18.780 You can find the link below.

00:19:20.480 It helps us do what we do.

00:19:22.040 Thank you so much.

00:19:22.740 We'll see you next time.

Juno News - April 18, 2026

Trump GOES OFF on NATO allies + Poilievre takes aim at Carney's record

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