00:00:00.000Dan, with your depth of knowledge of how the world works, as you just mentioned, and energy,
00:00:04.900there was a story that came out on this Tuesday that saying India has about three weeks supply of crude oil and oil stocks.
00:00:12.440How common is it for a lot of countries to have not a fairly limited supply and they rely on deliveries on a monthly basis to keep those supplies going?
00:00:23.060Yeah, the country, the world's economies, especially the big ones, have relied on this idea that you could somehow create a strategic petroleum reserve or have several months of reserves.
00:00:35.900And this was a classic misread by people in the marketplace who simply think, oh, there's too much oil out there.
00:00:43.080They're now realizing just how ridiculous that was.
00:00:46.220The world is seeing a major draw on oil inventories and there is no substitute for oil.
00:00:51.600I don't care if a dam, if you're building an EV, it still takes oil and coal and other things to refine it, to process it.
00:00:57.060You're from everything from your rare mineral to forestry, to mining, to agriculture, all requires diesel, all requires hydrocarbons.
00:01:05.040It's how you use it. Of course, it has to be more responsible.
00:01:07.280Nations that are demonstrating that their reserves are depleting rather quickly signals,
00:01:14.920you know, the falsehood of the past 10 years in which we sort of danced around the idea that the world doesn't need it anymore.
00:01:21.020we can bury it in the ground we heard that for the past 10 years and now it's put a number of
00:01:25.340countries in a very vulnerable vulnerable position including canada and so i think india has very few
00:01:31.260choices too bad canada doesn't have an extra couple pipelines it can continue to send tons
00:01:35.580of its oil to the rest of the world done in the highest fashion that's available to the world
00:01:41.660i like the way that jim and i just like we were like yeah we pause and look at each other like
00:01:45.500yeah a pipeline what an idea it's you know if you keep coming up with these novel ideas dad i'll tell
00:01:51.500you yeah the order of canada is coming my way oh we put in the nomination yeah uh one of the things
00:02:00.460that uh maybe and and this is just being an average canadian and a guy who doesn't have the
00:02:05.180the background in defense or in in uh i've got media background which makes me qualified to know
00:02:10.860basically nothing but it does frighten me a little bit that some of the major customers
00:02:16.940of iran are some of our biggest threats china russia north korea are we a little afraid of
00:02:24.380pissing them off over all of this and shorting them on fuel that might that might uh instigate
00:02:30.700further uh negative interaction with these countries no well there's no doubt that uh
00:02:37.340There are real threats to these countries in terms of their supply as they rely on the Venezuelans and the Iraqs and the Russians, Iran's and Russia's of this world.
00:02:47.180But, you know, this is where Canada can shine.
00:02:49.720It has an extraordinarily good track record in terms of its democracy, in terms of its labor standards, in terms of its environmental standards.
00:02:59.000By any measure, we produce the best oil in the world, and yet we still have a cautery of people.
00:03:03.840You know, you can pretty much know where they are.
00:03:05.900Those who voted Liberal, those who voted NDP, voted Green, voted Bloc, who believe that we're skunks.
00:03:13.760We're not the solution of the world unless we basically, you know, choke ourselves.
00:03:18.800We, as Archie Bunker would have said many, many years ago, we go stifle ourselves.
00:03:23.360There's some people who actually believe that Canada should not be doing any of these things.
00:03:27.920And that permits and gives power to the wrong people to exercise and wield enormous, you know, impetus when it comes to geopolitical matters.
00:03:38.380Oil energy matters. I didn't create energy, affordable energy for, you know, because I was trying to be cute.
00:03:42.980It means when you fool around with energy, the basis on which our society thrives.
00:03:47.640There are a number of outcomes that can't be, that can't always be calculated, but there is today.
00:03:52.240Iran has been able to use its energy prowess, as has Russia, to clobber and to push its very draconian, anti-democratic, anti-human agendas.