True Patriot Love - March 31, 2026


Canada's Oil Future： Can We Regain Control？ #CrudeOil #shorts


Episode Stats

Length

2 minutes

Words per Minute

213.75815

Word Count

492

Sentence Count

34


Summary

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

In this episode, we talk about the impact of the U.S. oil embargo on Canada's oil production and processing plants, and what the government should do about it. We also talk about why Canada should stop supplying oil to the United States and focus on its own refineries and refineries.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 What better competitive advantage than to have our own oil and gas at reasonable prices?
00:00:04.640 I wonder how fast we could turn around the harvest and processing of oil in Canada.
00:00:11.740 How quickly could we, I mean, I don't know what the process would be, buying a refinery.
00:00:16.520 There's a lot of red tape.
00:00:17.660 Well, it's our own red tape, though.
00:00:19.420 The government just got out of the way of itself.
00:00:21.580 How fast could we do this?
00:00:23.500 Two years.
00:00:24.060 So PetroCanada started in 75.
00:00:27.480 Yeah.
00:00:27.720 So that's when it did.
00:00:28.460 And within a couple of years, they had bought two oil and gas companies with refineries in Canada, and they started production.
00:00:36.640 Yeah, that's what I mean, two years, it seems to be.
00:00:38.480 They did this before with limited technology in two years, which means we could probably do it now even sooner.
00:00:43.360 But two years, that's a pretty good window.
00:00:45.860 Yeah, I'm sure.
00:00:46.580 Now, think about it.
00:00:47.860 If I'm sitting now, some people say it's a bad time to do it.
00:00:51.780 Maybe so, because quite frankly, the only ones cleaning up right now are the guys who, you know, we sold it off.
00:00:57.720 So we don't own it as a government.
00:00:59.320 We have no stake in that game anymore.
00:01:01.100 So the guys, you know, even Russia now who are selling into the market, they're making more money, a little more money, because quite frankly, the market is good for them to sell at a higher price.
00:01:11.880 We're too late to the game.
00:01:13.440 We're not too late.
00:01:14.480 But we don't know what the next 10 years are going to bring.
00:01:16.700 Yeah, we just, I think the question we have to be asking or we have to be talking about in the House and throughout government, how long is this going to go?
00:01:26.760 How susceptible are we to seeing these huge impacts and what is it going to do to our economy?
00:01:33.800 To me, this is one we have to talk about what we're going to do if this keeps going and if this keeps on and on.
00:01:39.340 It seems to me that if we're the ones supplying the oil to them and we're not making money at it,
00:01:43.980 it behooves us to stop the chain of distribution to the U.S. long enough to renegotiate a deal.
00:01:51.620 If we did that, would there be a deal to be had?
00:01:54.080 Or do we just have to?
00:01:56.200 I think if we keep sending them oil and we keep that deal, that's great.
00:01:59.280 Now we don't have to buy it back.
00:02:00.420 So we're not losing on that premium buyback.
00:02:02.500 Now they have the ability to move that oil wherever they want.
00:02:05.660 They don't have Canada as a customer anymore for the buying the premium back.
00:02:08.520 they just have Canada as a supplier.
00:02:10.640 So if we're supplying Canada with our own new system
00:02:14.240 and we're covering that end and more,
00:02:16.920 there's money saved, is there not?