True Patriot Love - Canada Has the Oil, So Why Is Gas Nearly $2⧸L？

00:00:00.000 Word has it you got a pretty good deal on gas last week.

00:00:03.000 Did you see the picture I sent you?

00:00:04.600 I did.

00:00:05.180 Yeah, I know.

00:00:05.840 That's disappointing.

00:00:07.180 180 bucks.

00:00:08.740 So here's the thing.

00:00:09.920 How many liters did you get for 180 bucks?

00:00:12.100 100.

00:00:13.600 That's wild.

00:00:14.860 It's almost $2.

00:00:16.380 And, you know, I considered that a deal.

00:00:23.520 So I had been up working all night.

00:00:25.920 We were doing tiling at one of the businesses.

00:00:28.060 so i was over there tiling away all night so hold on let me let's stop right there hold on let's get

00:00:33.700 this is an audience moment okay all right so you were doing what tiling all night tiling a wall

00:00:39.920 right so you have a gaming center you you have a newspaper uh podcast network uh you have many

00:00:46.680 businesses going on yet we'll find you on any given night overnight tiling yeah no i'm not kidding

00:00:53.420 welcome to canada right people say it's not a hard life yeah of course i'm so sorry so you

00:00:58.700 yeah you worked all night during your part-time job yeah i had worked all night actually uh that

00:01:03.980 was around 10 in the morning so i was leaving i had an empty tank of gas and i was so excited

00:01:09.100 because gas was down so i pulled over i'm pumping gas i'm thinking oh i'll get a i'll get an energy

00:01:14.380 drink because i needed one after that i would say so um and i look over and i'm thinking this is this

00:01:19.980 thing ever going to stop because my legs are sore my legs are sore because i'm not used to

00:01:24.940 and i'm getting older i'm not used to spending 10 hours through the night

00:01:29.020 crouched down ladder right because this was way in the air so hanging tiles so i'm sitting there

00:01:34.460 and i'm my calves are killing me and i'm saying oh my goodness i look over again so i took out

00:01:39.260 my phone and i took a picture and i thought i'm going to bring this to the show because

00:01:43.420 that's how crazy it is but you know what the the crazy really crazy part about it which we've

00:01:48.540 talked about mike on shows before is that we're not the lowest no no no no we we we are not the

00:01:58.380 lowest gas price in canada which is crazy so people in uh newfoundland labrador people in quebec yeah

00:02:05.340 like these people are paying even more and i'm like you gotta be kidding me because you know

00:02:10.700 i'm depressed about the amount we're paying you can you imagine uh living in uh most expensive

00:02:18.940 provinces to buy gas in canada if you say alberta right now i will never stop laughing no no well

00:02:24.060 this is interesting well of course our friends in pi are paying 205 average oh my god uh newfoundland

00:02:30.140 labrador 216 new brunswick 197 quebec poor quebecers 196 and of course now wouldn't you

00:02:40.220 be depressed if you paid less than the yukon the yukon's 196 so they pay the same as the yukon now

00:02:47.500 a very quick favor before we continue a large percentage of you who watch or listen to tpl

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00:03:00.220 if these discussions make you think if you want our uncensored debates deeper dives and extended

00:03:06.940 sit downs head over to tplmedia.ca and subscribe there directly it takes just five seconds costs

00:03:14.060 nothing keeps you informed so thank you now back to the show cheapest you brought alberta 161.

00:03:24.780 whoever thought in alberta they'd pay 161 for gas it's incredible but but you know it's funny

00:03:31.900 are you know stephen harper was in the news last week and i remember i remember the g8 in 2006.

00:03:39.140 yeah we are an energy superpower right exactly you know he's standing up there carney when his

00:03:45.820 election campaign to 2025 we are an energy superpower well mike if i had superpowers i

00:03:52.660 wouldn't pay that much for gas okay that's fair you know so gas man would not have to pay this

00:03:58.720 The gas man, yes.

00:03:59.580 The gas man would save me from this horrendous price.

00:04:03.340 Now, it's interesting because you go through and you take a look at all these graphs.

00:04:07.860 And, you know, I got to tell you, Gas Finder, which is a great site, I look at it sometimes now, you know, they give you some interesting stats.

00:04:17.660 We've seen stats.

00:04:18.780 Now, since COVID, we're almost back up at that level.

00:04:24.740 well this is the interesting thing to me is that the the highest that we've paid uh this is the

00:04:31.780 highest weekly national average that we've paid since 2018 and uh you know looking back 2022

00:04:39.040 214 a liter but we were in the midst of a global panic at the moment like there was the whole world

00:04:47.160 was shut down okay yeah i can understand it this is difficult because a lot of this price and people

00:04:54.160 say you know the government's trying to kind of trying to keep the gas prices down we're trying

00:04:58.080 to keep we're offsetting the the price of gas but even before we get to the excise tax the excise tax

00:05:06.000 is cut right now yep he said he extended it the amount of tax that we pay per liter it leads me

00:05:12.080 to believe that the higher the gas prices go up the happier carney might be he gets more tax

00:05:18.140 Albertans are happy.

00:05:20.640 But where are we?

00:05:22.180 Where's the rest of Canada, Mike?

00:05:23.820 And why are we not talking about it?

00:05:26.000 That's the interesting part.

00:05:27.400 And the longevity of this.

00:05:29.260 Think about how long is this going to go on?

00:05:32.040 It's easy to...

00:05:33.400 I often say this about what happens en masse with politics or in economies.

00:05:38.560 You can't unring the bell.

00:05:40.100 Once you get to almost $2 a liter on gas,

00:05:43.840 we're not coming back down to $0.78 a liter,

00:05:46.360 which is a reasonable price to pay per liter of gas in this country that provides the crude to do

00:05:51.640 it yeah but it we're never coming back i don't think no no and well and i honestly i don't think

00:05:59.640 canadians and i'm going to go through it one more time because i've been through it about five times

00:06:04.280 on different shows yeah what happens to their gas so to make sure we're all on the same page because

00:06:09.560 i want to make sure yeah take me through the process so we produce five uh five million

00:06:17.640 roughly five million barrels of oil a year that's what we did last year in 2025.

00:06:24.360 then we ship it off to the states and we import it back after it gets refined

00:06:31.240 i would assume we get a discount because the oil was ours no we pay oh so it gets set it gets set

00:06:37.720 in the us and ship back to us right so i look at it i think to myself why i could understand

00:06:47.480 when trade was going well and it was smooth and our relationship with the us was great and

00:06:53.240 you know we had pretty much comparable imports and exports with the us okay let's play ball

00:07:00.280 let's ship it down to the us let's them let them refine it send it back to us

00:07:06.200 made sense to me i always you know i knew it but it's tolerable yeah the fact that it goes about

00:07:11.480 five hours down to montana right from alberta it gets refined turned around and sent back to us

00:07:18.280 and we have to endure you know all the rate increases from summer to winter uh gas prices

00:07:24.440 based on you know the chemicals they put in because the summer evaporation so we get our gas back

00:07:30.840 You know, it's interesting that you say this because during a time of tariffs, what if that simple transaction over the border took gas up another 35 cents per liter based on a tariff?

00:07:44.380 Let's say that we get a tariff in place on this.

00:07:47.140 Oh, who knows where that's going?

00:07:48.940 Every day we seem to find a new tariff that is, you know, worth criticizing us over as Canadians.

00:07:55.180 And what if they did that?

00:07:56.760 Because where else would we refine?

00:08:00.200 September, I'm going to jump into it for a few minutes.

00:08:03.440 September 24th, we're going to have the Chinese president in the U.S.

00:08:09.320 They're going to actually, I believe, this is Paul's theory, 1.00

00:08:13.760 I believe there's going to be a deal cut.

00:08:15.500 And when that deal is cut, it's going to actually split up the hemispheres 0.84

00:08:19.680 because the Iran situation is going on too long.

00:08:24.760 It's causing heartache in China.

00:08:26.820 It's causing heartache for Trump in the United States.

00:08:30.260 So I believe there is going to be definitively a deal done

00:08:33.620 that's going to parse up the world.

00:08:35.980 And then something like that could happen, Mike.

00:08:39.860 It's not something, it's not out of, you know, when you say it,

00:08:43.360 people go, oh, that's never going to happen.

00:08:45.060 No, if we're held to our hemisphere, we're captive of that trade market.

00:08:50.020 And it is a possibility that there will be some,

00:08:52.900 if we don't play ball and we don't work together,

00:08:55.640 there will be some tariff put now what that means is quite frankly all of our goods go up all our

00:09:01.700 inflation everything you know anything coming back to canada that actually requires gas oil

00:09:06.460 will go up right so but but we're sitting it's interesting we're sitting looking at everyone's

00:09:14.080 filling up and you know you see the the nightly news and you're watching it and i get a kick out

00:09:19.500 of this and they let's go live to the pumps yeah they always have a reporter and there's a gas

00:09:24.840 there's a guy like me unshaven the picture i just threw up there and he's been working hard like i

00:09:29.320 was working hard the day you know and he's sitting there and he's saying i don't know if i can afford

00:09:33.160 this any longer and the lady says live from the pumps you know they're struggling to put the gas

00:09:39.000 in their car you know i'm like like why are canadians putting up with it why are we not

00:09:44.200 squawking more because on the weekend i called you i didn't get a hold of you but it was

00:09:49.240 interesting i was on with a friend of mine uh who's a truck driver and we were having this

00:09:55.800 long conversation and he's truck drivers the for those of you who haven't uh been involved in the

00:10:02.520 logistics industry it's it's interesting it's like a pack of hens and what they do is they squawk all

00:10:09.720 day so they talk to each other so they're driving along and they're talking to each other they got

00:10:14.200 lots of time so and they listen to each other and they listen to shows if you ever have had time

00:10:20.120 and you've done long holds long haul trucking it's kind of funny because those conversations go on

00:10:26.040 like all day long amongst themselves and five six of them are talking online and they're they're

00:10:31.400 having a conversation about politics gas women uh men uh economy they're they're talking about

00:10:38.440 everything so the scuttlebutt right now this is a friend of mine telling me who does long haul

00:10:43.400 trucking between can u.s is that in the u.s they are going to have a trucking strike

00:10:50.200 based on gas prices yes yeah yes they're gonna protest by a one-day strike and they're gonna

00:10:56.040 say we need gas to go back down to 250 a gallon or you know because you feel we're gonna stop

00:11:03.400 shipping well they yeah you so if you're an independent truck driver and you have repairs

00:11:08.920 on your rig you have to pay for your rig insurance your family cost insurance uh you got to do

00:11:15.240 layovers you know you your maintenance happens all the time you blow a tire your load is done

00:11:21.080 for that time you got to feed your family back home from whatever city you're in so you're living

00:11:25.480 in that rig you're you know you're sleeping eating going to the bathroom you're doing everything in

00:11:30.440 that rig you know it's really a tough life so they're sitting saying i can't do this anymore

00:11:35.480 so they're starting to push back now whether that happens or not i have no idea well but it was all

00:11:40.280 over the scuttlebutt it was all over you even picked it some of it up on um i saw it on reddit

00:11:45.080 after you mentioned it to me yeah that says some of the some of the not some a lot of truck drivers

00:11:49.960 are talking about this yeah yeah and you and i have talked also on many shows about how the

00:11:56.440 logistics business is booming right now based on tariffs everybody's rushing to and from the hub

00:12:02.680 points in canada and on the other side of the border yep if if this is where it begins because

00:12:08.120 we've said this before logistics breaks down when stuff's not shipped so either a tariff is going to

00:12:14.600 stop something from being shipped or the trucking industry stops itself this is a major major

00:12:22.060 indicator that the economy is going to fail that the tariffs are really going to crush us that the

00:12:27.180 gas prices influence us too much and if that's what's going on in the u.s i can imagine truck

00:12:33.040 drivers here are already essentially disabled yeah oh yeah they are they are but and we want to

00:12:39.940 mike we want to say well you know it's going to change and the the funny thing is because truck 0.89

00:12:48.140 drivers are so close to the ground they're the ones and you think to yourself well how would

00:12:53.460 they know because that network is sharing information they're talking all the time they're

00:12:58.100 they're talking to other truck drivers who have family in iran they're talking to other

00:13:03.240 truck drivers who have family in saudi arabia and they're starting to get the scuttlebutt that

00:13:08.960 that's not going to change right so that relationship is now cemented and this conflict

00:13:16.100 is going to go on for a decade so therefore gas prices aren't going to change and they're getting

00:13:23.100 the inkling that their lives are going to go kaboom right they're really thinking their financial

00:13:30.300 oh yeah world is going to be in crisis any minute yeah they spent they spent two or three hundred

00:13:35.760 thousand to buy a rig they were doing great you know you to your point you know goods were flying

00:13:43.000 all over the country the last couple months because everyone's trying to avoid tariffs

00:13:46.620 so they had cash in their pocket all of a sudden they see when this goes through and the tariffs

00:13:52.500 are on which they are now it's starting to slow down now so they're getting fewer you know fewer

00:13:58.980 jobs fewer long hauls their their price you know they're not getting return uh long haul so when

00:14:05.780 they get there if you're driving a truck and you arrive in michigan you have to hope you pick up

00:14:11.620 another load to come back and there's single there's drop-off loads now you don't want them

00:14:16.980 you don't want them because you know you're basically going to lose money on it by the

00:14:20.100 time you get back and then if something goes on you get stopped at the border you get delayed

00:14:24.340 you can't pick up another load so the you know it was interesting because somebody reporting on

00:14:28.980 the gordy howe bridge and how fantastic it's doing in the first couple of months

00:14:33.220 one of their notes was really that they'd never seen so many uh transport vehicles coming back

00:14:38.660 empty that there was just rigs coming back no trailer yeah from the us which is really disturbing

00:14:45.300 actually hey before we go any further please hit the subscribe button right now if you want

00:14:50.500 the raw debates the full uncut conversations you won't see here head straight to tplmedia.ca

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00:15:00.660 paywall all right back to the show yeah it is disturbing so you know scuttlebutt from the

00:15:07.860 street okay whether it's true or not but it's definitely the sentiment we're not talking about

00:15:13.780 what happens if it does continue see that that's what i don't understand mike i don't understand

00:15:18.660 how we can't be having that conversation politically the opposition's not having

00:15:24.500 it we're not hearing from him if i would right now if i was in the conservative camp

00:15:29.700 i would just be pointing i would have my own gas gator i would just stand up i wouldn't say a word

00:15:35.860 gas 178 today yeah you know i would just put the sign up and just sit down again you don't have to

00:15:44.260 say anything all canada feels the pain and quite frankly they're like okay well what are we going

00:15:49.540 to do about it well we can't do anything well why can't we do anything because we made an active

00:15:54.100 decision for decades not to do anything about it so how do you quickly get that as a top priority

00:16:01.780 as one of your major projects and get it into gear and then what do you do with the existing

00:16:07.460 that's fine we can keep shipping it down and keep bringing it back

00:16:13.300 i guess we're making some countries very we're still making profit for large gas companies that

00:16:19.380 are moving oil into the united states i guess that's great we're creating jobs in alberta

00:16:25.700 that's great i guess economy's great there you know i love this guy franco terrazzano

00:16:34.100 yeah kind of puts it in perspective for us the uh ctf 28th annual uh gas tax honesty report

00:16:41.380 what a great name for it to start with i see it yeah it is uh very revealing because it talks

00:16:48.020 about all the hidden tax and off off the hop i said you i'm not sure that carney really cares

00:16:53.060 if the gas prices go up because in tandem with that so do tax revenues and it's shocking um

00:17:01.780 25 of every liter goes to taxes so right now your average liter of gas is you know 43 45 cents per

00:17:12.420 liter going directly to taxes but you have to remember this it's tax on so the average fill up

00:17:20.420 up the average fill up that you know 26 is going to tax yes almost 30 bucks is going to tax right

00:17:28.040 now and the more that goes up that's more going to tax uh but then he talks about the hidden tax

00:17:34.560 mechanism right and it's tax on tax you get double tax sales tax charges on top of the pre

00:17:40.600 of the per liter taxes do you ever think about this you go to the pump and you are paying

00:17:46.180 another sales tax on top of that an extra 2.7 cents per liter nationally and it can reach as

00:17:53.640 much as 5.8 cents if you're in Quebec yeah so the hidden carbon tax producers buy credits

00:18:01.120 uh cost gets passed on to the drivers and there's no rebates for them they're currently paying seven

00:18:08.820 cents per liter for gas more on taxes six cents per liter for diesel and 17 cents per liter is

00:18:15.920 expected by 2030 so if you are driving a truck and you see this on the books for our government

00:18:21.860 as part of the plan you can see that the the future you're going to be kicking at daylight

00:18:26.480 every single day just to see your way through uh and of course you said in quebec consumer carbon

00:18:32.900 tax 9.4 cents per liter on gasoline uh for their carbon tax quebecers pay 33 percent tax on

00:18:41.460 basically 33 percent of their total cost of gas is uh tax that's their tax bill on gas now how

00:18:48.720 about this alberta pays 26.8 uh key excise i was shocked yeah last time we're in calgary i was

00:18:56.560 shocked what we paid for me too i was like wow this is not so good no it's uh it's a disturbing

00:19:01.640 thing so now you take a look at the long-term projection on these the average tax per liter

00:19:06.800 is about 65 cents okay let's say by 2030 uh that means you're going to pay 43 44 dollars in tax

00:19:15.460 per fill up and the average canadian pump price would be around a dollar 90 at the rate that

00:19:20.200 we're going now it's interesting mike because you said he doesn't care about gas price well

00:19:25.740 i think he does i think he does because he makes money on it but i don't think he really cares about

00:19:29.900 the impact on canada because you know he took the excise tax away but it's coming back there's

00:19:35.100 another 10 cents per liter but you it it's interesting to watch the interest rate uh for

00:19:40.820 the fed increased in the united states we had this show the other day and so they're doing that

00:19:45.620 because the inflation so the americans i don't even i can't even fathom what's in their head

00:19:51.700 right now because for them to actually be almost a dollar within us from a perspective of uh

00:19:59.020 gas per gallon or you know price per gallon um is crazy but but so now they're sitting

00:20:06.520 he's sitting thinking oh well i've got some issues now because if gas keeps going up

00:20:13.080 and if inflation keeps so you know they came out and said inflation this month for august was only

00:20:18.580 three percent yeah so that was the report i think that's a very liberal you know i you know numbers

00:20:25.180 sorry you said a very what liberal number right i think quite frankly numbers get kind of skewed

00:20:31.420 all the time so i think that one is hey we'll give you a break this month because we'll give

00:20:35.360 you a three percent on inflation my guess is september the number is going to come out the

00:20:40.700 number is not going to be three percent so the number is going to be somewhere north of that

00:20:45.040 and then the decision from tiff macklin at the bank of canada will have to be what to do next

00:20:50.960 What to do next is then to increase interest rates, which we've talked about.

00:20:55.900 That is a huge set of implications on what happens to mortgages, defaults, all those issues with loans.

00:21:03.680 Such a mass renewal time in Canada for mortgages? Yeah.

00:21:06.920 So that's not good.

00:21:08.380 No.

00:21:08.660 And we're doing a show on it coming up.

00:21:11.760 The number of, for example, in Vaughan right now, the number of vacant condos has hit like 43% of the inventory.

00:21:20.960 so they it's one of those and that's a great indicator right there that's one of those super

00:21:26.440 cities that they built in a smaller municipality that was meant to be okay here's how we do it

00:21:31.940 we're going to be mississauga yeah but the problem is the the market just fell away fell out it fell

00:21:38.460 out so so now you know you you see gas going up you can kind of ignore it for a while

00:21:44.000 i wouldn't ignore it so my i would have a strategy in place so my recommendation right now if i had

00:21:50.720 to provide a record if anyone was interested.

00:21:53.500 If I'm interested, please, I'll take it to the prime minister.

00:21:55.580 I would be providing a gas strategy going forward.

00:22:00.180 So not just I'm going to give you a holiday until the end of the year.

00:22:04.240 I would come up with a holiday that fixes.

00:22:08.180 Now, people in Alberta are going to moan,

00:22:11.520 because remember that was a big issue years ago, fixing gas prices.

00:22:16.440 I think you have to look at it right now,

00:22:18.360 because the Strait of Hormuz and Iran and the U.S.,

00:22:21.480 that conflict over there, you have no idea what's going to happen.

00:22:24.460 You're going to see some things on the 24th,

00:22:26.820 but if that doesn't get resolved amicably on the 24th,

00:22:30.880 we're in for a long run.

00:22:32.860 And even if it does, we might be in it for a long run.

00:22:35.840 And if you talk about fixing gas prices,

00:22:37.960 yeah, Albertans are going to lose their mind

00:22:39.360 because the cost per barrel is going to be held

00:22:42.640 at probably an unsustainable rate for a period of time or indefinitely.

00:22:47.520 and their model for operating disappears.

00:22:50.180 Right, but there's a happy medium between $60 a barrel

00:22:55.480 and $100 a barrel.

00:22:56.700 I would agree with you.

00:22:57.760 Where do we find ourselves?

00:22:59.580 And I also think during that time,

00:23:01.440 can I add to your suggestion?

00:23:03.740 During that time, we really do need to get to refining.

00:23:06.820 There's a number of,

00:23:07.740 there's so many refining options now that are clean

00:23:10.700 that the U.S. are,

00:23:12.660 they're already using them in Billings, Montana

00:23:14.740 that you they're completely clean the carbon that so we do need to have that solution come into play 0.99

00:23:22.820 okay and you know what i think we let alberta do it i think that all of the ability to do this

00:23:28.440 should be in alberta where we draw the oil from if if canada owns it the refinery yeah canada has

00:23:36.820 to own the refinery so it has to be the citizens the citizens shareholders of canada need to own

00:23:42.480 refinery that the the oil gets refined at and the the mission of that for canadians is just to keep

00:23:48.640 our cost of gas and living at a reasonable rate to keep our inflation rate and to keep our costs

00:23:54.560 down and be able to have us function normally as a small country with a big land mass as we traveled

00:24:00.160 across canada you know you were those gas bills number one were crazy it was insane yeah we didn't

00:24:06.160 even fly we actually drove the whole our east coast west coast trips were you saw them we were

00:24:11.760 in the cars driving along you know meeting people and those gas prices bounced from city to city

00:24:17.680 they did incredibly exactly so if that was to get under control you know that would open up a

00:24:23.440 plethora of trade and you would start to actually attract other countries to come here number one

00:24:28.640 if you had your stable if you had a stable refined source of fuel which is what harper and the rest

00:24:35.840 them we're trying to say we're in you know we're a superpower if we have if we were able to use it

00:24:42.640 yeah we had the infrastructure to actually use our own you know superpowers we should we should

00:24:46.400 i thought about doing it before the show i thought about actually putting a collection of politicians

00:24:50.880 to who got up over the last two decades and said we were a superpower with energy and and you know

00:24:57.360 have them kind of saying it for about two minutes together we're a superpower yeah okay however we

00:25:03.040 all have kryptonite in our pocket so there's nothing we can do so now we've actually built

00:25:08.000 a refiner we start to work through shipping that doesn't mean we need to distribute so it means we

00:25:15.120 can work with other partners to just to share uh the logistics on how to get gas to different uh

00:25:23.360 provinces territories we can work on that because pipelines are going to take a while so that's the

00:25:28.720 other thing i actually you know and i wanted to throw it up here because it was it's interesting

00:25:33.280 because most canadians don't even know that and so i'm going to throw it up i have a chart it's

00:25:37.920 interesting and it's i'm going to throw it up on um on the screen here it's right here and it

00:25:43.920 basically shows which is an interesting chart it shows the spider web of pipelines in the us

00:25:51.680 and canada and the main line being the red line it's interesting so you can see right now how

00:25:59.360 codependent or how how dependent we are in the us like we are the spider webs going from edmonton

00:26:05.200 to the different cities and then the pipeline going over through bc that we talk about

00:26:09.680 the transatlantic pipeline but most of that pipeline is dedicated to us markets in fact

00:26:15.520 look how far the pipeline goes to deliver oil yeah so the feeder yeah exactly right that pipeline is

00:26:23.280 so you know we are the those five million barrels of oil that go to the united states and then get

00:26:29.280 passed along into the united states from us it's definitely a real lifeline to a lot of states we

00:26:34.480 get that it's a lifeline to us because it comes back to us right yeah so you know all we're talking

00:26:40.480 about is somewhere in the middle here or somewhere along the beginning we have a refinery that

00:26:45.600 refines the gas sends over starts sending it whether it be by trucks or via rail however we

00:26:52.800 do it starts moving it through canada uh but we own it uh it's an interesting proposition i think

00:27:00.720 carney is going to have to actually table himself shortly certainly we're not hearing it from the

00:27:05.520 opposition yeah i like the idea that you would have you would have him just holding up a card

00:27:10.000 with the gas prices and even just use ottawa as an example well you ever you ever watch a trip

00:27:16.880 of any of our doesn't it's not dedicated to any of the political groups follow where

00:27:23.680 the political leaders go on their trips when they go to the us

00:27:29.680 what's the theory they go to texas every single time every single time right texas texas uh they

00:27:37.120 They do one more stop, and then they make it to Washington, Texas.

00:27:40.880 Do you think the theory is that we're still desperate to be in that club?

00:27:44.460 No, I don't think it's we're desperate to be in the club.

00:27:46.300 I think Americans are good lobbyists,

00:27:48.720 and I think they do a great job at funding parties and lobbying.

00:27:53.440 So they're very good at putting money behind groups

00:27:56.800 that actually need funding to politically run.

00:28:02.020 So, yeah, I think it's a big part, both parties.

00:28:04.260 I think both parties have a significant representation by the oil and gas companies.

00:28:11.220 So funny, you don't see them running to Alberta very often.

00:28:13.680 And I think it's because there's a certain, you know, first of all,

00:28:17.060 Alberta doesn't greet them probably as friendly as Texas does.

00:28:21.200 However, it's funny that we don't go to our own.

00:28:24.540 You don't see us just focused on Alberta and all of our oil offshore.

00:28:28.920 Those should be major centers that become the focus of our attention always.

00:28:32.620 Well, when Alberta, you know, it's been in the news again this last weekend, the separation talk, you know, it's one of those, what do we say, hot, cold, hot, cold, hot, cold issues?

00:28:46.920 It's on, it's off, it's on, it's off.

00:28:48.600 Well, I kind of feel like it depends on who's writing about it on any given day and if it's getting attention.

00:28:53.060 But, you know, if there's something that's going to drive more separatist sentiment, it's that Albertans are paying this much for gas, to be honest with you.

00:29:01.920 i can see it being a real problem but the province is doing better right the offshoot you know more

00:29:07.680 jobs more when the economy is doing fine because the price of oil is up i get it um sustainable

00:29:14.960 for the rest of canada no so you know it it is a country so we all have to make it work and quite

00:29:22.320 frankly just one province working and the rest of it not there has to be some sharing so that this

00:29:28.000 is when i think a good conversation including including alberta has to take place with a

00:29:33.600 strategy that makes sense refineries have to be part of it mike we can't go any further

00:29:38.320 but but you know to sit there and say okay we're not going to do this

00:29:43.360 which how long has it been now since we started talking about about pipelines you and i we've been

00:29:49.760 since day one here yeah since day one so we've the the hot button of pipelines has been on

00:29:55.200 our agenda been on shows for a year refining pipelines and expansion of what we do in the face

00:30:03.220 of the carbon tax something has to happen because and i think every canadian would tell you yeah

00:30:08.980 we're worried about the environment okay but there's better ways to do it find better ways

00:30:12.940 to do it i do like the idea that the nation owns it you know one of the arguments that i got i got

00:30:17.100 to bring this to the table one of the arguments i got uh from one of my one of my kids actually

00:30:21.780 on this one is oh now's the time to switch to ev so sorry not to drag us down another rabbit hole

00:30:27.800 but if i may share this with you the lowest cost of ownership on a five-year average of switching

00:30:34.420 to ev is 45 000 uh you know the five-year average previously 48 000 so it's come down a bit so to

00:30:45.340 make the switch is a massive commitment financially from canadians so it's not the

00:30:51.520 moment we don't have the moment now where we have potentially higher interest rates inflation off

00:30:57.980 the handle gas prices are through the roof and we've already paid a lot of it this year i'm sorry

00:31:03.120 but to make the leap in unemployment starting to tick up every month i don't think this is the

00:31:09.780 moment for evie no i do not no well on a number of levels so i mentioned we're gonna see the

00:31:18.280 chinese president come to the u.s they're gonna reach a deal whatever that deal is will be the

00:31:23.740 outcome of of how this the world is structured going forward but some point in time i do think

00:31:30.580 you're right yeah it has to be mike because we can't keep going on month to month you know

00:31:36.560 quarter to quarter with the war going on. And quite frankly, everyone in the world starting

00:31:43.000 to see the impacts. You're going to have famine soon. You're going to have shortages of gas,

00:31:48.780 oil, all these things are taking place. So you have to, it has to be worked out in some shape

00:31:53.860 or form. So it, you know, if it isn't quite frankly, what does that end up? It ends up with

00:32:01.620 the u.s eventually wearing down and taking the country a gentleman uh stopped me on the weekend

00:32:08.400 he's from iraq follows what we do and he said listen you can can you tell the politician

00:32:12.860 something on the show from me and it was very poignant uh you know he's been in canada i think

00:32:18.300 he said 30 years um previous to that iraqi and uh he said tell the government be careful because

00:32:26.800 when the people get hungry they will make change of their own and it's very interesting that you

00:32:32.460 said you know famine is going to set it in parts of the world cost of cost of food here in our own

00:32:40.200 country is preventing what people can eat already yeah oh yeah for sure protein protein is going up

00:32:46.900 every day you see when you go to the supermarket but i mentioned so now it now we're going into

00:32:53.740 the winter so the winter's starting cold so we're going to start to burn you know more fuels it's

00:33:00.560 going to become more expensive people aren't going to be working as much you're going to see

00:33:05.000 more chatter you're sitting in your car longer during the storm sitting at home chattering away

00:33:09.680 about you know how unhappy you are with the inflation rate so you're going to see all those

00:33:13.320 things kind of bubble up at the end of the day why i don't really understand why they think it's

00:33:21.200 inevitable this will end i don't i don't i don't see a justification for that no no i don't i don't

00:33:27.600 really understand the rationale for okay this conflict will end we'll go back to normal i

00:33:32.400 i don't think we're going back to normal i don't think any of this is going back to normal so

00:33:37.480 normal normal being the fact that you know um oil was coming out of the strait of her move

00:33:43.080 saudi arabia all those i think that relationship has decades of repair even if it ended tomorrow

00:33:50.440 No, there's no best case scenario. The new normal. There's definitely new normal, especially you're right. Every major port of access is now really under a lot of scrutiny and it's tightened up and many of them have been closed. The Chinese are getting very antsy about this. I would imagine it's having impact on Russia. You know, major potential conflicts are being groomed through this.

00:34:18.260 right you you saw on the weekend we went to the eu he went to he went over to greenland

00:34:24.980 looks like he's going to cement a deal with greenland there's a lot of hopping going on

00:34:28.500 you can see it right now yeah i go there you go there there's a lot of chess going on so

00:34:33.140 as you see that you can only anticipate that there's going to be changes so why why are we

00:34:39.460 not starting to put a strategy in place to deal with oil and how we deal with oil in our country

00:34:45.860 It makes no sense at this point.

00:34:47.660 I don't know why.

00:34:48.500 No, we all kind of need to say something.

00:34:50.780 Yeah.

00:34:51.120 The other thing is now is kind of a time.

00:34:53.480 Sorry, Paul.

00:34:54.020 Now is kind of a time to say something.

00:34:57.260 If you can, there's elections going on that are important.

00:35:02.700 You can elect municipal people that are looking out for you at this level.

00:35:08.380 You can vote on regional people that are representing you at the federal level.

00:35:13.940 it's important now that people start to make these marks as we go yes or we're not going to

00:35:21.020 catch up with the federal government's decisions on what to do i'll support you mike yeah i'll

00:35:26.040 support no that's so it kind of makes me laugh and those of you who are going to vote in the

00:35:30.960 municipal elections you know there's like a hundred ridings up for vote coming up in the

00:35:35.900 end of october yeah take a look at the politicians that are saying to you i will support you there'll

00:35:41.320 be supports here for you and to get you through this those are the ones you have to be aware of

00:35:47.260 and you have to be suspicious of there's no way i'm not getting what i say no i think you're right

00:35:51.960 yeah you really have to see be suspicious because you're not putting a strategy in place for me to

00:35:58.000 deal with how i drive my car and fuel my car but you're telling me you're going to put supports in

00:36:02.820 place so you're going to take the money i paid you through the gas tax and give it back to me

00:36:09.260 So you're going to jack my gas tax up, and then when I'm out of work,

00:36:12.640 you're going to give it back to me so I don't starve.

00:36:15.200 Driving up the overall debt of the country,

00:36:19.240 the rate of inflation is going to be tied to that.

00:36:22.480 By the way, the people who say that,

00:36:23.880 you're not going to be a hero for doing that.

00:36:25.420 That's not a heroic movement.

00:36:27.440 A heroic movement as a leader is to actually put a plan in place

00:36:30.940 to deal with gas, to deal with what's going on,

00:36:33.700 to get our inflation in check, to get everything under control.

00:36:36.500 if we have a nationalistic partner beside us we have to have nationalistic strategies to deal with

00:36:42.760 him because hey we are locked i don't know if you noticed but in north america we're landlocked

00:36:49.420 so we have oceans beside us and we have a partner you know below us that's quite frankly

00:36:56.540 wants to do things differently yeah fed up with our our methodology so we need to figure out what

00:37:02.760 our methodology is like that that really comes but the methodology can't be i'll support you with

00:37:08.040 the money i'm going to take from you because then quite frankly that's when your person you you know

00:37:13.160 you met it says people get upset people will get upset because they won't see a plan in place to

00:37:18.340 deal with the essentials of life if i saw a mayor actually dealing with that i would if i saw a mayor

00:37:24.460 or even a council member saying listen not only am i going to worry about what's going on here

00:37:28.240 but i'm going to represent us to your member of parliament i'm going to represent you directly to

00:37:33.840 the to parliament i'm going to do something as the mayor to represent how we feel as a community

00:37:41.080 to our government now's the time to press to make sure that you're voting for that person

00:37:46.500 yeah yeah exactly hey evs for a minute i wanted to come so can i interest you in one 45 000

00:37:54.620 dollars more no no well listen all great ideas like i i think you know but remember you know

00:38:03.180 people make me laugh because i was i was somewhere on the weekend and they someone said that to me

00:38:08.620 well we're gonna you know we're gonna go for green energy i said yeah sure we are with who

00:38:15.340 because again after the 24th

00:38:18.460 the new world order whatever it is whatever comes out of all this whatever you know slices out

00:38:27.000 our partner or neighbor has told us quite frankly they want to be producing the cars 0.97

00:38:36.580 yeah and we don't want you going to china for them yeah they've been very you know canadian

00:38:41.340 is canadian sometimes we're a little thick and i get it we don't want to we don't want to believe

00:38:46.060 that someone's going to influence what we do i understand that we view it as bullying yeah we do

00:38:51.080 but but and it probably is but quite frankly they've said it so you know to believe that ev

00:38:57.500 cars are going to be our solution now in the middle of all this to your point cost of cost

00:39:01.720 cost issues but also quite frankly i don't even know if it's feasible mike so i don't even know

00:39:06.580 and after everything goes down and all the deals are cut i don't know if china is going to see us

00:39:11.680 as a big enough market that they're going to pay enough attention to want to get into a conflict

00:39:15.840 with the united states on electric cars if if they get control of the indo-pacific and they end up

00:39:23.680 with taiwan and uh all the other uh malaysian areas around are they going to be interested

00:39:31.760 in having a conversation with canada about uh electric cars no we don't even have a meeting

00:39:37.760 on the books with china coming up after the u.s meeting so i can't i can't remember who predicted

00:39:42.800 to this liam or jim or maybe it was you said that we'll be yeah we're going to buy chinese cars

00:39:48.080 we're going to buy them through america yeah we might be that's i think it was liam but yeah yeah

00:39:53.760 it's not me but uh but you know it does not that you want to make sense but you have to look at the

00:40:00.000 logic now and i don't know how logical that is so depending on the fact that gas is going up and it's

00:40:05.360 going to force us to go to electric cars okay so then think about it so follow the logic a little

00:40:12.800 you want to keep alberta in canada if you're going to switch out to electric cars

00:40:17.860 i'm not sure that's going to work right so that's the next thing but electric cars and

00:40:25.180 data centers we're one solar flare away from losing every industry in canada but but you know

00:40:33.580 the prime minister is really realizing that it's a tight road to walk he's doing a decent job on

00:40:41.640 trying to do that with alberta to then throw in a full ev push into the middle of it i don't think

00:40:48.460 is a good idea at this point i don't think anyone does so it doesn't make a lot of sense no i think

00:40:55.020 that we have to deal with the gas problem we have to deal with the oil issue that's it that's what

00:40:59.240 we have that you know like it or lump it it's what we have but doing nothing is not the right

00:41:05.080 solution and so mike you know a strategy i'm we're available so we're available to come consult

00:41:13.000 yeah it was a call it's a big lobbying fee or a big uh a big consulting fee but we don't fly

00:41:19.560 we don't fly uh commercial so i have to arrange that as well we're ready yeah thanks paul appreciate

00:41:25.400 Thanks, Mike.

True Patriot Love - September 23, 2026

Canada Has the Oil, So Why Is Gas Nearly $2⧸L？

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