The National Telegraph - Wyatt Claypool - May 04, 2026


Trump Calls Carney's Bluff and Makes the Liberals Look Pathetic!


Episode Stats


Length

18 minutes

Words per minute

180.92

Word count

3,361

Sentence count

156

Harmful content

Misogyny

3

sentences flagged

Toxicity

5

sentences flagged


Summary

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

Trump signs a presidential permit for the Keystone XL pipeline from Alberta to Wyoming and Canada's Prime Minister says it doesn't matter. What does this mean for the pipeline and the future of the project? Is this a good or bad thing?

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 .
00:00:00.000 Hey guys, Wyatt Claypool here, and welcome back to the National Telegraph YouTube channel.
00:00:06.600 Every time I think Prime Minister Mark Carney and the Liberals might make at least one good
00:00:12.880 move when it comes to U.S. trade negotiations, they just don't. So this week, U.S. President
00:00:20.500 Donald Trump called the bluff of Mark Carney and the Liberals on energy, and he put out a
00:00:26.780 presidential permit for a pipeline from Alberta to Wyoming. I actually assumed that this was going
00:00:33.080 to be a big slam dunk for Mark Carney. He can say, oh, well, I approve that pipeline too. And
00:00:38.980 in five years, maybe we'll get around to actually starting to build it. This is a pipeline that
00:00:43.820 wouldn't even get started probably for another year. And so if Carney wanted to just lie and
00:00:48.920 pretend he's in favor of oil and gas expansion, he could just back this project. But of course,
00:00:55.500 because the liberals are so anti-pipeline and so anti-American and especially anti-Trump,
00:01:01.920 they have an inability to commit. And I actually think, as I alluded to before,
00:01:07.880 Trump was just calling the bluff of Carney and the liberals. They are just not workable. You
00:01:13.260 cannot work with these people. They just have so many biases against the United States and against
00:01:18.440 energy. They will not negotiate at all. Not for U.S. trade. They won't build a pipeline to the U.S.
00:01:24.940 or the West Coast, they will do nothing because all the liberals know how to do is subsidize 0.80
00:01:31.060 industries they already like and pay insider lobbyists and consultants. That is how they 0.94
00:01:36.140 look at economics. They subsidize dying industries or ones that are heavily over-regulated or taxed,
00:01:42.680 and then they pay consultants to muse about things. Anyways, in just a second here, we are
00:01:47.920 going to get into the clip of Donald Trump issuing his presidential permit that I want to take you to
00:01:53.580 Canada's energy minister on Rosemary Barton's show, immediately making excuses for why this
00:01:59.560 doesn't matter and completely trying to avoid the subject of what Donald Trump just did.
00:02:04.140 But before we get into this first clip, I just want to remind you guys, if you like
00:02:08.100 the channel, make sure you like the video, subscribe if you're not yet a subscriber,
00:02:12.540 and of course, thank you to all the channel members who make this channel far easier for
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00:02:19.200 If you want to become a channel member, you can hit the join button below the video and
00:02:22.960 contribute a small amount per month that helps me make the channel more sustainable and allows me to
00:02:28.260 work without having to please the YouTube algorithm 24-7. Anyways, here is the clip of
00:02:34.120 Donald Trump issuing this presidential permit. Then we will get over to the Rosemary Barton
00:02:38.740 show with the energy minister. The presidential permit authorizing the Bridger pipeline, sir.
00:02:44.800 This is a transporter pipeline similar to the old Keystone XL pipeline. It'll significantly
00:02:50.080 expand our ability to move oil around North America, oil and gas around North America.
00:02:55.720 It's a huge deal in terms of long-term energy dominance and energy security.
00:02:59.560 Slightly different than the last administration.
00:03:03.380 They were going to sign a pipeline deal, and we have pipelines going up.
00:03:07.900 By the way, they're way underground.
00:03:11.000 They're not a problem.
00:03:11.800 Nobody even knows they're there.
00:03:12.960 It's so crazy, but they wouldn't approve anything having to do with the pipeline, aren't they,
00:03:17.020 great as opposed to trucking it or training it it was uh great a lot of jobs a lot of jobs
00:03:28.060 so there's donald trump signing that permit and slagging the previous biden administration in
00:03:33.020 the u.s for not approving any pipelines the canadian government no longer has any excuse
00:03:38.940 not to get this deal done the funny thing is that while justin trudeau was kind of anti-pipeline
00:03:45.980 When I say kind of, I know we all know he was super anti-pipeline, but to try and not
00:03:51.040 come off like a complete environmental hack, he would kind of position himself in favor
00:03:56.320 of pipelines, knowing that at first, you know, I think Barack Obama was not going to sign
00:04:02.000 a Keystone XL pipeline.
00:04:03.880 Trump was going to, and then that's when Trudeau became anti-pipeline.
00:04:08.540 But when Biden came around, and Biden was the one who shut down the Keystone XL pipeline,
00:04:13.100 that's when Trudeau became pro-pipeline again.
00:04:15.080 The thing that the liberals always like to do is that they kind of become the opposite of whatever the Americans are in order so that these projects do not go forward.
00:04:24.400 There's been kind of a sort of like, you know, clown nose off, clown nose on sort of thing going on between Canada.
00:04:31.700 When Harper is around and wants to build a pipeline, Obama does not.
00:04:35.060 When Trudeau comes in, he pretends he is cool with building a pipeline.
00:04:39.020 And then when Donald Trump comes in and he wants to build a pipeline, then Trudeau doesn't want to build one.
00:04:44.160 And then Obama comes in, doesn't want to build one anymore.
00:04:47.260 So then Trudeau can start talking about how he's in favor of pipelines again.
00:04:51.000 It's all very, very annoying.
00:04:53.000 But now we have to get to the Rosemary Barton show where our energy minister, Gregor,
00:04:58.360 and it's not Gregor Robertson, it's another guy, comes on to immediately just miss the point
00:05:05.120 and start talking about anything but what he thinks about this pipeline.
00:05:08.940 The proposed project would run from Canada down to Wyoming, carrying up to 550,000 barrels of oil a day.
00:05:17.640 It comes, obviously, at a tense time for the two countries as Canada looks to move its reliance away from the U.S.
00:05:24.000 As trade talks continue and their Kusma review has to get underway still, and as Canada is looking to build its own pipeline to the West Coast.
00:05:32.340 Can we also just be clear?
00:05:35.520 No, it's the liberals who want to diversify trade.
00:05:39.220 They don't want to trade more with the United States.
00:05:41.140 I don't like the wording that we're using.
00:05:43.440 If you're, let's say, if you're on Canadian television as a news presenter, you can talk
00:05:48.560 about what the UK is doing, or what France is doing, or what the United States is doing.
00:05:53.180 But when you are domestic media, stop saying that Canada is doing this or that.
00:05:58.080 We all live in this country.
00:05:59.160 We know it's the liberal government.
00:06:00.460 Say the liberal government.
00:06:01.640 I always find this sort of soft propaganda of acting like we all want to diversify or trade
00:06:07.120 away from the United States and towards communist China and Indonesia. No, we don't. We actually
00:06:12.960 just want the economy to be better. I don't care who we trade with. I just want to get the best
00:06:17.280 price for our goods. You know, shocker, but I think we should probably try and have the most
00:06:22.940 efficient economy we can. I want to sell the most units of goods for the most amount of money that
00:06:29.380 can get earlier i spoke to the minister of energy and natural resources about what a canada u.s
00:06:34.340 pipeline could mean for the country and those ongoing major projects minister hodgson nice to
00:06:41.140 see you again nice to see you rosie lots of different questions because there's lots going
00:06:45.540 on in your file i want to start with um something the president did this past week signing the order
00:06:50.980 to authorize the bridgers pipeline which would run along that same piece of of the keystone xl
00:06:56.420 pipeline in the United States. I know Keystone has come up between the Prime Minister and the
00:07:01.740 President before. Do you see this as potential leverage for Canada in trade talks? Now, let us
00:07:08.980 be crystal clear. The answer here for Minister Hodgkins should be, or Hodgkins, I don't know,
00:07:16.620 it should be yes. Yes, an emphatic yes. Of course, we should build a pipeline between Alberta and
00:07:22.760 Wyoming because guess what? It increases the value of our oil and gas if we can ship it to
00:07:27.820 different parts of the United States. By the way, it is trade diversification to trade more with the
00:07:33.660 United States into different ones of the 50 states because you get more money for your product if
00:07:40.300 more states are competing for those resources. It turns out, hopefully I'm not blowing anyone's
00:07:47.620 minds here but it's in fact better in certain sense to try and just build a pipeline to the
00:07:53.940 united states than to invest all this money into lng exportation to like asia and that's not even
00:08:02.100 a bad thing to do either i'm saying this is low-hanging fruit very easy project the americans
00:08:07.460 want to do it all we have to do is say yes and what is he going to do well you'll see
00:08:12.620 you know rosie we're we're in the middle of discussions uh with the americans what what
00:08:21.340 we're focused on is building canada strong we're focused on uh making sure we are the clean and
00:08:28.380 conventional energy superpower we can be we are working with allies around the world so we want
00:08:35.980 want to be an energy superpower we want to be build Canada strong and our energy minister
00:08:42.900 Tim Hodgson just comes on like Rosemary Barton show and when asked point blank what you think
00:08:49.220 of the pipeline proposal by Donald Trump or a pipeline between Alberta and Wyoming that there
00:08:54.480 is a now a presidential permit for he immediately just says you know well Rosemary we're we're in
00:08:59.500 uh we're focused on our end discussions with the Americans uh we want to become an energy
00:09:05.000 superpower. We want to build Canada strong. No, you don't. They want to talk. They want to have
00:09:10.340 endless meetings about meetings, about meetings, and never actually have to get to the point where
00:09:14.440 they have to pull the trigger on a major piece of energy infrastructure. They never do. If they do,
00:09:19.040 it's going to be some sort of green subsidized nonsense. Make them more energy secure. And we're
00:09:27.160 very focused on diversifying the number of countries we can trade our energy with today.
00:09:32.440 We trade almost all of our natural gas and oil with the United States.
00:09:36.820 We think it's in our interest to diversify that.
00:09:39.420 That's why the government was so supportive of building the original TMX expansion.
00:09:45.840 That's why we are supportive of the potential optimization of the TMX pipeline.
00:09:51.040 And that's why we're working with Alberta under the construct of the MOU.
00:09:56.080 The West Coast pipeline is not happening.
00:09:58.620 He's bringing up the TMX because that was one of those things that Trudeau did.
00:10:01.860 he did an expansion in order to look like he was an anti-pipeline. It was a very minor expansion
00:10:07.960 overall in the grand scheme of things. Not a bad investment, although it went really over
00:10:12.980 the budget because it involved so much government involvement. But he's saying, well, we want to
00:10:19.820 diversify the number of countries that we're trading energy with. How about we just increase
00:10:24.480 the amount of dollars of energy that we are exporting? I think that sounds better than
00:10:30.280 simply having a bigger cohort of random countries that we send LNG to. And again, I'm not against
00:10:37.940 LNG. Obviously, I'm not. I'm not against anything that's within what the free market wants.
00:10:43.720 At the same time, the thing is that we are only targeting LNG now. That is like the only thing
00:10:50.100 that seems to actually excite Carney when it comes to oil and gas, because he can ship it to
00:10:53.840 China or he can ship it to some other country in Asia or Europe. That's all he wants to do.
00:10:58.680 No pipelines to the east, no pipelines to the west, and no pipelines even to the south.
00:11:03.540 And we just were just prattling on, talking about nothing, to try and just waste, like, to run out the clock so that he doesn't have to say yes or no.
00:11:11.920 Let's be very clear.
00:11:13.580 I keep saying that, but it just needs to be kept, you know, I need, clearness is what we need here.
00:11:19.540 He is saying no.
00:11:20.780 Everything he has said here, I'll go back 15 seconds.
00:11:23.960 He is saying no.
00:11:24.900 was so supportive of building the original TMX expansion.
00:11:30.380 That's why we are supportive of the potential optimization of the TMX pipeline.
00:11:35.600 And that's why we're working with Alberta under the construct of the MOU
00:11:39.520 to find a constructive way, a way that Canadians can agree to expand
00:11:44.240 to another million barrels of oil to Tidewater
00:11:48.820 because that is consistent with what we need to do as a country.
00:11:53.040 Well, and I'm not going to, I'll get to that pipeline, because I certainly have some questions there as well. But certainly, Canada is not going to look a gift horse in the mouth, right? In the mouth. Like, if the US says we want more, and here's a pipeline, that will presumably go ahead, I would imagine.
00:12:08.820 so as as our minister of energy again another clear moment where rosemary barton and i'm 0.99
00:12:18.040 surprised she's even doing a follow-up on this because she is a massive liberal propagandist
00:12:21.940 like 90 percent of the time gave him another opportunity minister hodgson has a second
00:12:27.740 opportunity to say yes or no to the pipeline well she even she even framed it as are we really going
00:12:33.940 to look a gift horse in the mouth here are we going to really dicker on whether or not uh this
00:12:41.260 pipeline is up to our standard when we have zero projects on the move right now you're not going
00:12:46.960 to say yes he just basically cleared the entire way to getting the pipeline done and he's going
00:12:50.900 to be here and be like well you know uh well rosemary well we have a lot of stuff we're in
00:12:56.420 you know we have on the on the on our table right now we're going to deal with that and uh well you
00:13:02.780 this pipeline is still years away and there might be regulatory hurdles it's so just but the thing
00:13:09.340 is that she's never actually going to call him out for just openly ducking the question and not
00:13:14.380 wanting to get the pipeline built but even she is kind of blown away that he can't just say yes energy
00:13:19.020 and natural resources i'm focused on what we can control uh the united states has a process to go
00:13:24.460 through. They have, as I understand it, given a permit for a pipeline to cross a border.
00:13:32.380 My understanding is there are several more steps in the U.S. regulatory process. As we've seen
00:13:40.540 recently, the U.S. goes from the IRA to the big, beautiful bill. Their regulatory volatility is
00:13:51.980 quite intense uh they previously uh except they get way more stuff done more pipelines get built
00:13:58.400 in the united states than they do in canada way disproportionately they have so many more pipelines
00:14:04.220 than we do and he's gonna act he's gonna like look down on them like they have a they have a
00:14:09.460 very difficult regulatory system this is still a few years away the ball's still in their court
00:14:15.060 oh my goodness like the amount of arrogance that we're gonna look at the americans saying like
00:14:20.060 They still got some stuff to figure out.
00:14:21.980 All they have is a permit to let up pipeline cross a border.
00:14:26.040 You think the Trump administration isn't going to clear the deck as fast as possible
00:14:29.920 and build this pipeline if we were cooperating?
00:14:32.560 I think that they probably would.
00:14:34.820 But again, I think a lot of this just comes down to the fact that Trump signed this 1.00
00:14:38.720 just to prove that an idiot like Tim Hodgson would get on the CBC 1.00
00:14:42.140 and start just blathering nonsense to basically downplay that this is anything significant at all. 1.00
00:14:49.820 approved this pipeline and then cancelled the pipeline. So to be honest, I'm focused on what
00:14:57.200 Canada can do. The Prime Minister says we can't control what the United States does. We need to
00:15:03.740 be aware of that. We need to be cognizant of it. What we can control is what we do. And that's why
00:15:08.740 we're so focused on building our LNG exports, on building exports to Tidewater. That's how we build
00:15:15.740 Canada strong yeah it sounds like that's your preference that you just forge ahead with the
00:15:19.980 plan that you have am I reading that correctly because because you're not sure what will happen
00:15:24.540 with this other pipeline that the president approved what I'm saying is we'll react we'll
00:15:29.700 react to uh the prime minister said if we will engage with the world as it is well the thing you
00:15:37.760 also you can't just like what are you what are you waiting for Trump to build a pipeline up to
00:15:42.240 the Alberta border, then you're going to do something with it. He kind of needs cooperation
00:15:46.400 now so that companies know whether or not they can throw in money and actually get this thing
00:15:51.200 off the ground or that the Canadian government's just going to reject them. He tried to make a
00:15:55.900 slight jab that, well, you know, the previous, you know, in America, sometimes they're pro-pipeline,
00:16:01.420 then they're anti-pipeline, you know, projects are going forward, then they're not. That describes
00:16:05.860 Canada way better than it describes the United States. He's effectively trying to use a criticism
00:16:10.860 better fit to canada against trump's america they have given the presidential permit that if you're
00:16:19.200 if you think they're not going to do it then you call their bluff back they called your bluff and
00:16:24.200 you immediately folded really hard here and just proved that you're not actually wanting to
00:16:28.620 cooperate with the americans or build a pipeline you could have just said yes and then it's under
00:16:33.380 trump's now it's back under trump's auspices to actually get the thing moving forward you can't
00:16:39.520 just sit there and fold your arms and be like, well, we might react someday to something.
00:16:44.360 Well, that's a great way of using ambiguity to kill a project because now no US pipeline company
00:16:50.100 or even Canadian pipeline company is going to throw in money when they think there's a non-zero
00:16:54.320 chance that the Carney government is going to come in and execute their project at the last
00:16:59.200 moment because they didn't actually want the project because they won't say if they do or not.
00:17:04.400 obviously to a lot of company owners that would tell them well they're not that serious because
00:17:10.140 they won't say that they even want the thing so i'm not investing any money into this and then
00:17:14.360 the carny liberals just like so many other lefty uh politicians in canada will come up and be like
00:17:19.560 oh there's no proponent we can't build it no proponent i'm sorry it's like well it's almost
00:17:23.880 like there's no proponent because you basically keep killing all the proponents but anyways what
00:17:28.660 do I know? I'm not a sober-minded, skilled, liberal politician smoothly operating through
00:17:36.500 the Canadian government systems to build our country stronger or whatever the propaganda is
00:17:40.740 this week. But yeah, so the Trump administration is making the liberals look really stupid right 0.99
00:17:46.260 now. The liberals have been having a really bad time on U.S. trade over the past couple of weeks 1.00
00:17:51.980 ever since. I think that Pierre Polyev has really been pushing on them to actually come up with a
00:17:57.260 plan and say where things are at and then Trump coming out and negotiating directly with Canadian
00:18:02.160 aluminum and steel companies. It's kind of made Carney look somewhat befuddled compared to his
00:18:08.420 usually very, I guess, sort of buttoned down and professional kind of tone and demeanor.
00:18:14.540 A lot of this has been getting under his skin because he wants to seem in control. Things are
00:18:18.680 going to move at his pace and they're no longer moving at his pace and get Nancy. Anyways, with
00:18:25.680 that all being said, thank you guys for watching this video. Make sure to like, share, subscribe,
00:18:29.940 consider hitting the join button and becoming a channel member. I'll see you guys all next time.