PJ The Belt - May 03, 2026


Trump Just SIGNED a MASSIVE Alberta USA Agreement


Episode Stats


Length

9 minutes

Words per minute

174.99

Word count

1,700

Sentence count

84


Summary

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

Trump signs a permit to revive portions of the Keystone XL pipeline, a project that was previously rejected by the Obama administration in 2015. This is a huge deal in terms of long-term energy dominance and energy security for the United States.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 Alberta Premier Danielle Smith taking to social media to applaud the approval,
00:00:04.360 saying the United States is our most important trading partner
00:00:07.440 and that Alberta will continue to deliver energy to help secure North American energy dominance.
00:00:13.980 All right, President Trump signing a presidential permit to revive portions of the Keystone
00:00:19.320 Pipeline, creating thousands of jobs after the project was scrapped by the Biden administration
00:00:24.340 2021. The Bridger Pipeline expansion will be able to carry more than half a million barrels
00:00:29.680 of oil a day from Canada through the United States, boosting America's energy dominance
00:00:34.500 and lower gas prices.
00:00:36.540 The transporter pipeline similar to the old Keystone XL pipeline will significantly expand
00:00:41.900 our ability to move oil around North America, oil and gas around North America.
00:00:46.620 It's a huge deal in terms of long-term energy dominance and energy security.
00:00:50.180 Slightly different than the last administration.
00:00:52.680 The reason why this is incredibly important is because it is much easier for Alberta to
00:00:59.400 deal with the United States in every sense of the word. It's just
00:01:03.900 factually easier for Alberta to deal with Americans
00:01:07.940 when it comes to energy. This is a map of North America here. At the top, you got
00:01:11.740 Canada, at least the lower provinces, and then you have the U.S. here.
00:01:15.900 Here's a pattern that you can immediately notice. Most pipelines,
00:01:19.880 actually all pipelines that are coming out of Alberta,
00:01:23.660 oil and gas pipelines go south except for one all of them except for one go south of the border
00:01:31.300 the only one is the most recently built trans mountain which goes to the ports out in vancouver
00:01:37.220 area but all of the other pipelines they go southeast into saskatchewan and then manitoba
00:01:43.980 and then they go south some of them directly south from alberta why because it's much easier
00:01:49.680 even under democrat governments it's still easier to deal with the americans than it is to deal with
00:01:56.080 the rest of canada you think in a country with the third largest oil reserves in the world
00:02:00.180 which canada is thanks to alberta you you think that there'd be pipelines this way more than one
00:02:06.480 there'd be some to the north to the arctic and there'd be at least one or two to the east but
00:02:12.900 literally in order for the east end of canada ontario quebec and all that to get oil resources
00:02:18.780 It has to go south into the U.S. and then come back up into the east part of Canada, into eastern Canada.
00:02:27.920 So you don't have direct pipelines.
00:02:30.860 And why is that?
00:02:31.540 Because Canada has blocked it time and time again.
00:02:34.440 Time and time again, Alberta has pushed for pipelines so that the country is more self-dependent.
00:02:39.140 It never happens.
00:02:40.380 That's yet another reason why Alberta is looking for more sovereignty and more independence.
00:02:44.100 The pipeline is a joint proposal from Canadian pipeline company South Bow and U.S.-based Bridger Pipeline.
00:02:52.040 The proposed project would have the capacity to move more than 1 million barrels of oil per day,
00:02:58.060 with analysts suggesting it could boost Canadian oil exports to the U.S. by 12 percent.
00:03:03.320 Okay, so we got an article from the Western Standard, Alberta-based newspaper.
00:03:08.700 Bridger's proposed pipeline could reshape Canadian oil exports to U.S. refineries.
00:03:14.640 Calgary, a proposed pipeline to move Canadian, I would say, Albertan oil into the United States,
00:03:19.740 is taking shape with a significantly larger capacity than first advertised,
00:03:25.920 as developers look to expand export options and tap into growing demands south of the border.
00:03:32.440 Bridger Pipeline's project would cost roughly $2 billion
00:03:35.400 and eventually carry more than 1 million barrels of oil per day from the U.S.-Canada border to
00:03:41.780 Wyoming. Initial plans filed in January with Montana regulators outlined a smaller system
00:03:47.900 capable of transporting about 550,000 barrels per day of crude from near the border in Phillips
00:03:54.440 County through eastern Montana and into Wyoming. But updated filings submitted in late March show
00:04:00.860 a much more ambitious proposal. The 36-inch pipeline would stretch nearly 650 miles,
00:04:08.240 about 1,050 kilometers, and ultimately handle up to 1.13 million barrels per day,
00:04:14.900 though it is expected to begin operations at roughly half that level.
00:04:19.700 It's roughly the same route on the Canadian side of the border, but on the American side,
00:04:24.120 a different path. Transporting more than 500,000 barrels of Canadian oil from Haristy, Alberta,
00:04:30.220 to Guernsey, Wyoming.
00:04:32.420 It's done intentionally that way
00:04:34.200 in order to get away from a lot of the environmental opposition
00:04:39.300 and the permitting that was required before.
00:04:41.760 This is the second attempt at a project
00:04:43.880 that was cancelled under Barack Obama in 2015.
00:04:46.980 The Keystone XL pipeline would not serve
00:04:50.860 the national interests of the United States.
00:04:53.460 Restarted by Trump.
00:04:54.780 Keystone pipeline.
00:04:56.380 And cancelled again by Joe Biden in 2021.
00:04:59.460 OK, so it looks like Alberta's finally fed up of having to deal with the liberal government in Canada, as well as the woke, crazy government out in British Columbia that won't let us export our resources and our oil and gas.
00:05:11.820 And they're saying, you know what, you won't play ball and we're just going to bypass you altogether.
00:05:16.280 We can export out of British Columbia, then we'll just go south and we'll do to you what Saskatchewan did with the potash.
00:05:22.760 You wanted the whole potash export terminal out of Vancouver.
00:05:26.340 British Columbia ain't going to happen.
00:05:28.100 we're going to export out of washington state instead because if you don't want our energy and
00:05:33.060 you don't want those jobs that our energy would produce in your province then we're just gonna
00:05:36.980 we're just gonna move on and it looks like premier danielle smith is going to be negotiating
00:05:42.020 directly with the americans in both washington state as well as oregon so so in what way is and
00:05:48.980 isn't this a keystone redux so on the northern side it follows the same line we still have the
00:05:54.980 the permits and the licenses, so there's no drama on the Canadian side of having to
00:05:59.000 re-approve a pipeline, which is obviously attractive. On the southern side to the
00:06:03.040 United States, it is a dramatically different route. It goes through Montana and then Wyoming,
00:06:07.640 similar to other assets that Bridger already owns, so they know that region.
00:06:11.640 And then from there, it's really a switchyard trying to get to a place like Cushing or another
00:06:15.780 center for pipelines. So the number that has been cited in all the reporting I read
00:06:21.260 of its capacity if it goes forward to boost Canadian crude exports to the U.S. is about
00:06:26.440 12 percent. Is that in line with your expectations? And that sounds significant to me. Is it
00:06:31.320 significant? Yeah, I mean, so on the South Coast side, they've already had an open season.
00:06:36.180 They said it'd be about 450,000 barrels. Bridger has said 550, but it could go up to a million.
00:06:42.520 So they're going to wait to see what the market is expecting, how much the market can take.
00:06:45.880 But obviously, half a million barrels is significant egress. You have to remember,
00:06:50.060 we've already announced Enbridge main line expanding 400,000 barrels, trends around up to
00:06:54.420 360,000 barrels. So by my math, we're already up to another 1.3 million barrels of additional
00:07:00.020 production that we can grow. That feels like a lot, is it? It's a lot. I was just doing the math
00:07:06.360 of how much upstream investment. We think about the pipelines and how much pipelines cost, but
00:07:10.940 you have to fill those pipelines and probably, you know, $100 billion to fill all those pipelines,
00:07:16.840 very likely and if we want to do the other pipeline to the northwest coast of bc that'll be
00:07:21.840 another hundred billion uh so somehow we're going to have to attract a lot of capital
00:07:25.920 be an attractive place for that upstream production alberta as opposed to the majority
00:07:30.580 of the elbows up crowd the dog forts the premier of ontario who had the brilliant idea to run a
00:07:38.800 an attack ad against the country that you're trying to negotiate with and like 90 of your
00:07:43.900 industries heavily depend on genius he is not and then you have british columbia the green
00:07:50.520 crazy woke liberal guy david eby out in british columbia who was trying to do the exact same thing
00:07:56.920 until carney told him hey you're gonna you guys are literally gonna destroy the economy and i'm
00:08:01.060 trying to run my grift here for brookfield so please don't run any ads um in all this madness
00:08:08.780 and all this craziness alberta and saskatchewan have been the two adults in the room actually
00:08:14.380 working deep diplomacy for a change making diplomacy the priority realizing that the
00:08:20.460 united states is not only our closest ally but our biggest trading partner second to none this
00:08:26.700 is what the premier of alberta daniel smith had to say today in regards to the pipeline project
00:08:31.580 bridger's pipelines proposed project for a new canada u.s crude oil pipeline could transport
00:08:36.860 more than 1 million barrels per day at a time of global uncertainty it's clear that alberta is the
00:08:42.860 answer to north america's and the world's energy needs that's why we must build new pipelines east
00:08:49.260 west north and south to strengthen canada's economy establish north american energy dominance
00:08:56.220 and position ourselves as the world's safest most secure and reliable energy partner you really can't
00:09:02.780 can't blame Alberta. The province is just getting tired, and Danielle Smith is acting accordingly.
00:09:09.080 She's acting like a premier who realizes, you know what, my people are just done. They're just
00:09:13.440 done with dealing with a country that is not acting like we're a part of it. So if you guys
00:09:18.200 are going to act unilaterally and you're going to reject our progress, then we're going to find ways
00:09:22.760 to negotiate directly with the Americans and get our products to market. And the Americans are
00:09:27.980 loving it. They love Alberta south of the border. So it's a win-win. If you enjoy this video, hit
00:09:33.240 the like button. I really appreciate it. You can also hit the subscribe button and click the bell
00:09:37.660 icon so that you always get a notification every time I upload a new report. See you in the next
00:09:42.000 one. Peace.