True Patriot Love - Let's Make A Deal： Canada's Power Play in a Global Crisis

00:00:00.000 in life and in sports you go all for seven you have problems and that's the problem facing

00:00:10.240 donald trump right now as he went all for seven reaching out to countries to help them with his

00:00:16.000 crisis in the strait of hormones to talk more about it as always thrilled to be joined by paul

00:00:20.000 micucci paul how are you i'm doing good jim yeah he just didn't have a good weekend no there was

00:00:24.480 no one buying you know and our our prime minister was down in norway yes you know hadn't and then

00:00:29.440 headed to the uk he's it's his birthday so he's taking a few days off and he it's well deserved

00:00:35.760 yep because he's been traveling a lot and i'm sure he's tired he's good there's a lot of issues

00:00:40.160 on the plate at this point and uh goes to norway uh has great meetings in transportation companies

00:00:48.080 he talks to equinor um one of the largest wealth funds in norway uh has investment meetings um

00:00:57.280 because we're kind of middled right now as a country you know we're halfway between ev and

00:01:01.760 electric and i know kind of got our foot out of uh gas and oil and we and we're trying to

00:01:08.160 get into ev but with this coming at this time for canada it's a little bit of a challenge

00:01:13.440 because our energy resources are tapped at this point so and on top of it as you mentioned earlier

00:01:20.400 we've got kuzma 110 days away july 1st is our deadline what do we do now well we had our show

00:01:27.760 last week paul and it garnered a lot of reaction a lot of people commenting worried about it it's

00:01:34.160 amazing it's touched a nerve on canadians about the pending kuzma negotiations and even i was

00:01:40.720 surprised like wow a lot of canadians have concerns they're worried about it which i was thinking

00:01:46.880 about this through the weekend you know you and i were trading notes donald trump has backed himself

00:01:51.920 into a huge geopolitical corner where the countries of the world that he thought he could lean on have

00:01:57.760 said thanks but no thanks and want nothing to do with helping him now at the same time mark carney

00:02:03.680 as you mentioned was talking to norway business joint defense ventures in the arctic talking to

00:02:09.440 keir starmer the king of england king charles but all those other countries that said no don't

00:02:14.880 have kuzma hanging over their head what if donald trump goes to mark carney and said prime minister

00:02:21.280 we need your help we need some navy assets we need some royal canadian air force patrol aircraft

00:02:27.200 we need some help in the strait of hormones you do that we'll talk kuzma and have a fair and open 1.00

00:02:33.440 negotiation well then i think he'd have to do it he'd have you have no choice at this point you

00:02:38.480 know it's it's the number one issue 110 days away um it's interesting because you know he's

00:02:44.640 got mexico so this is the other one that's sitting there now and i just thought about that as we were

00:02:49.200 talking he's in discussions right now on bilateral discussions with mexico so that's another one that

00:02:55.840 i'd also go to and say listen you know i need uh boots on the ground anything yeah well anything

00:03:01.680 you can but we need it all they need help well they need help so you know they went to the kurds

00:03:06.400 and then in the north and they said hey can you guys uh you know clean the cities out can you be

00:03:11.120 our ground troops our first bodies in to sort of clean out the city yes to to take a look uh

00:03:18.000 on how to get you know uh a new government in play and that failed so now he's sitting there

00:03:24.240 and he's saying okay what do i do do i put us forces on the ground uh how do i you know get

00:03:29.840 the strait cleaned up so because there's 2500 marines on their way right now right oh yeah

00:03:36.000 well but 2500 is just a drop in the bucket right you're it's a big country right you're 90 90

00:03:41.440 million people and quite frankly you figure at least 40 of the percent of them you know we're

00:03:47.200 following the supreme leader uh they're not on board with trump's agenda uh even if you have

00:03:52.640 half half you still have a lot of people that you have to deal with yeah so you know that's a big

00:03:57.760 task for anyone and china is sitting on the right now china's quiet you know what strategically

00:04:05.680 very quiet aren't they oh man china's quiet china's just disappeared they're like well but their 0.76

00:04:11.040 ships are getting through that's right right and it i was just on a show i just did an um an oil show

00:04:17.040 uh with don gilmore oh great looking forward to that it's a great show yeah and it was interesting

00:04:21.760 because we were reminiscing about what happened in the the oil embargoes in uh 1973 and that was

00:04:29.200 the yom kippur war yes it was caused the oil embargoes and we were just talking about because

00:04:34.640 he was actually working the oil patch and so he was kind of sharing with me the environment we're

00:04:39.840 going back and forth and and it was interesting how in even in that war that western europe

00:04:48.720 opted out to help the us so britain said no and france said you can't use our airfields

00:04:57.040 because they could not afford to lose lose saudi arabia oil no so they they said sorry but

00:05:04.000 you can't use it because if you do um they're going to actually uh embargo us and we're going

00:05:09.040 to be decimated our economy is going to be just blown to smithereens which some countries did

00:05:14.720 actually some countries you know uh uh did help the us and quite frankly did get embargoed and

00:05:20.880 just decimated uh korea and other countries were just you know basically recessions depressions

00:05:27.360 for and here's the interesting jim but that i didn't know but when we did the we counted the

00:05:34.220 number of months the 1973 embargo was only six months that's all it took it went from october

00:05:41.480 to march to literally uh the u.s was putting flags on gas stations saying red i'm out of i'm out of

00:05:49.680 gas yellow i'm almost out of gas yeah and green fill up and they changed the speed limits in

00:05:56.220 america member yeah they lowered the speed limits and the 55 right and they told the big three

00:06:03.300 chrysler gm and ford to make smaller engines and that's how we got the ford pinto yes and the chevy

00:06:09.040 chevette and that was their version of japanese small fuel efficient cars which was the ninth by

00:06:14.860 the time they got there remember this is how long it takes these these decisions these policy

00:06:19.480 decisions this was 1973 the fuel efficient motor was 1986 right so by the time by the time america

00:06:30.860 got the fuel efficient motor and then what happened quite frankly was the next crisis

00:06:35.680 because then we had a glut of oil remember yeah 1986 was another meltdown because all of a sudden

00:06:40.980 we had lower speed limits fuel efficient cars we weren't using as much and the price of oil just

00:06:46.540 plummeted which caused another problem which caused a massive divesting people got out of

00:06:52.640 the oil business all of a sudden and then you didn't have anyone drilling or processing anymore

00:06:58.180 and the price was all wacky the prices were bouncing up and down and so you know that was

00:07:04.140 just another conundrum and now they're facing an absolute untenable situation in the persian

00:07:10.880 golf in the strait of hormuz where how did they safely get a massive highly flammable ship full

00:07:18.160 of d uh oil yeah and natural liquid natural gas through what is only a straight a shipping channel

00:07:25.480 of three or four kilometers that's within shouting distance of drones and missiles without navy help

00:07:30.880 so trump and trump needs to help you know do you know one of their big aircraft carriers they had

00:07:35.820 a fire in the laundry room the other day and they tried to hide it and it was so bad there's 600

00:07:41.000 sailors in that aircraft carrier that don't have a sleeping berth right now because of smoke damage 0.78

00:07:45.560 oh wow their ships and their navy is being pushed to the limit oh yeah they're desperate for help

00:07:51.500 they've said flat out that they don't have the resources to escort the tankers through

00:07:56.480 so i can totally see donald trump getting on the phone to carney and said we'll talk kuzma but i

00:08:03.360 need help then you need to do an about face of what you said to the media to the reporters the

00:08:08.740 other day and start sending some assets over it whatever you can do because we need the help

00:08:12.720 well and you know also and we we don't talk about a lot but we should we're kind of middled right

00:08:18.840 now like canadians are middle as we talked about earlier in the show you know we have one foot out

00:08:25.580 of oil and we have one foot in ev but we're not there in in either way you know we didn't get

00:08:34.160 pipelines built we stopped building pipelines our offshore drilling has been you know up and down

00:08:40.200 we just finally got some concessions uh between the federal government and alberta with respect

00:08:47.040 to our environmental yeah we've kind of lightened up we we basically took the ball and passed it

00:08:52.740 back to the province which probably was a good idea in the end because daniel smith really really

00:08:57.700 wants to get the oil out of the ground there challenges right we're coming up to that capital

00:09:03.700 projects carney's capital project deadline in july she's not got anyone to step up so far

00:09:10.580 so far there's no parties so we're not hearing of any parties coming to the table which if you

00:09:15.540 think about it it took uh the last pipeline we did took 12 years to build yeah right so you got

00:09:22.740 to think about it there's no one really saying do i want to make the investment of what's it 39

00:09:27.700 billion dollars for the night for the pipeline to to get to the uh the ocean it's 39 billion do

00:09:34.660 i want to make that investment knowing it's going to take a decade to build and then quite when it

00:09:38.980 gets there what's the environment going to be like am i going to be in a green environment

00:09:42.580 has nuclear going to have taken over everything what if oil is back to 55 a barrel what if yeah

00:09:47.940 exactly what if you how can you predict well then you have half ev cars so say you get to 50 ev cars

00:09:55.060 by then we don't need gas so quite frankly then you're the same issue we run into the same it's

00:10:02.100 interesting we talked about 1973 to 1986. you're in the same conundrum now but you've seen the

00:10:08.580 history of how it works but they're not learning from it paul no they didn't well the only one who

00:10:14.900 is smart enough to learn from it was norway right so when you go back and you take a look at canada

00:10:20.260 and norway back in 1973 norway went this way we went that way we we actually started going that

00:10:27.780 way with them when we created petro canada then you know when marooney got in we shut down petro

00:10:33.940 canada we didn't do nationalized oil we alberta hated the nep program the national energy program

00:10:40.420 which i understand why but you know quite frankly it doesn't leave us in a good spot now um and you

00:10:47.620 know even even premiers lamented uh lockheed and and uh we talked about earlier they lamented years

00:10:55.300 later that quite frankly they never envisioned the oil and gas program in alberta not reaping

00:11:02.500 as much benefit they all assumed it what now you had just mentioned mark carney his big projects

00:11:08.200 he's just had his one year anniversary of being leader and he was questioned that in norway so

00:11:13.520 we have some of our finest reporters would go on that trip and he was quite snippy with them

00:11:17.980 oh yeah when he they brought up hey it's been a year what are the big projects they were just

00:11:22.240 asking what all the canadians are wondering yeah we're all for it look his his poll numbers are

00:11:27.260 through the roof oh yeah and they're like prime minister what are the projects and he he was kind

00:11:31.520 rude to them oh yeah he did get quite snippy and you know you know they asked him about at the same

00:11:36.560 time the next question was well what about oil and he said well we're we're safe we're democratic

00:11:44.320 and we have lots of the resource right and and what are you doing like you know what i mean like

00:11:51.280 he didn't answer the question right he doesn't go into and that's kind of where we've talked about

00:11:56.480 right we coming back and take your time yeah it's your birthday enjoy yourself but when we come back

00:12:02.720 we got to start talking some details now right like which direction are we going and for example

00:12:08.160 energy right like we're a nuclear force now yep give steven lecce in the province of ontario

00:12:15.600 some credit yeah getting things built and building these even smaller reactors and getting a lot of

00:12:23.040 of nuclear energy online in ontario which is really helping the province on time and under

00:12:27.880 budget we're we're a nuclear power force uranium wise we you know we have the most uranium in the

00:12:33.240 world almost so the can-do reactors are the envy of everyone in the world quebec quebec has done a

00:12:39.620 miraculous job on hydro quite frankly incredible incredible job so quite frankly you know we're

00:12:45.760 going in that direction we and you know like it or not i know at first i wasn't a huge fan of it

00:12:51.020 when i heard about it because the because the price tag yeah the price tag seems scary to me

00:12:55.100 for the size and where we are productivity wise but we are going quite frankly we got to go faster

00:13:01.280 so and maybe maybe the offshore oil idea which is having norway help us with that you know because

00:13:11.240 like we said you know the equinor guys and the fund size is so they're so wealthy as far as you

00:13:16.900 know they have three trillion dollars in their wealth fund they are so wealthy they can invest

00:13:22.120 in the can offshore they can make some money we can get by get us get us through this 30 billion

00:13:27.960 it's a chump change if you've got three trillion yeah exactly that's not going to dent them so they

00:13:32.820 can we can get by we can get it done quickly the challenge is now time and decision process you

00:13:38.320 got to make a decision now like you're at that point you know and and you know you're starting

00:13:42.800 to and the reason we did the show on oil today is i wanted to really highlight that how important

00:13:49.840 this decision will be not for you and i but it'll be for our kids so this is like two decades so

00:13:55.520 1973 you see the decision point you see the decision point in 1980 and when malruti gets in

00:14:03.600 and we decide to close that down and we see where we ended up we see norway took another step and

00:14:09.360 and we see where they end up right and there's a country that actually took their oil and gas

00:14:14.140 not now even smarter they didn't sit on it they actually went out and got into renewables so they

00:14:21.200 got into wind solar they got into all those they became huge they bought gas stations they had they

00:14:26.980 opened up uh pipeline companies which they do around the world globally so they were able to

00:14:32.460 benefit from all facets of the energy circle right so that's the decision process that i'm talking

00:14:38.100 about so now when trump to back to your point and i think you got a great idea there

00:14:44.580 when trump calls and says i need help you give him the help i i do recommend you give him the

00:14:50.420 help you you send ships you send you know as many people as you can to help out because quite

00:14:57.540 frankly we need that kuzma agreement to go well we need to get through this period because we're

00:15:04.020 middled right now and for those canadians are like no no no i think you have to think through from a

00:15:10.100 canadian perspective where we're at we're we got one foot in each camp and we're not anywhere right

00:15:16.340 now i'm not saying it it would be a completely safe mission there's there's a good chance that

00:15:21.860 some of our assets could be hit and we could suffer casualties but if you're prime minister

00:15:26.500 carney you can spin it like look we're not dropping bombs on iran we're not firing missiles we're

00:15:31.300 escorting the tankers and cargo through the Strait of Hormuz so they can get to all these countries

00:15:36.580 that's and that was what now David McGinty said yesterday they're open to helping get cargo

00:15:43.480 through and so that leads me to believe so two days ago three days ago Prime Minister Carney

00:15:49.780 says there's no way we're taking any offensive role in the war fine then yesterday the defense

00:15:56.380 minister mcginty says we're open to doing something to help the straighter hormuz in a

00:16:01.960 non-offensive way which would be escorting cargo ships through there yeah well you know you got to

00:16:07.420 think about they're all having conversations dominic leblanc is sitting in a hotel somewhere

00:16:11.500 in washington no one's picking up his call right now why would they each day is another day towards

00:16:17.020 that 110 110 day deadline that we talked about last show yeah so you know they're gonna you know

00:16:22.780 they got to be looking for a hook to get into those meetings to have a discussion what better

00:16:28.540 hook to listen if if there's a strategy to be had the one you just had is a great strategy

00:16:33.420 we'll send whatever look we don't we don't have a lot right now but what we can afford what we can

00:16:39.740 expend what we can allocate we'll send over there to augment to escort the ships through but we're

00:16:45.500 not going to drop any bombs we'll just and that's all you have to say but for trump it's a great

00:16:50.060 win so all of a sudden trump is trump is can go to the world and say look at canada's coming forward

00:16:55.500 yeah and for that i'm going to do a five percent tariff right for that i'm going to give them a

00:16:59.980 five percent tariff look at that you know if you do the same i can help you remember remember i

00:17:05.020 told you for all of you i remember so now i'm remembering yeah yeah he's he's got his back

00:17:11.020 against the wall he's got to get he's got to pull a rabbit out of a hat now because it's getting

00:17:15.500 worse and worse you know with with what he's what's happening to him right now and it's like

00:17:21.340 the party's turning on him because of this there's no strategy right there is not the problem is he

00:17:25.660 went in and he didn't think you know honestly didn't think it through i'm i know you know israel

00:17:31.740 and him sort of thought they had it hooked and they would quickly be in and out but

00:17:36.540 it's not going to work out that way it's becoming very apparent so we will keep an eye but don't be

00:17:42.700 surprised that the phone rings from the white house to prime minister carney when he's done

00:17:46.060 his birthday happy saint patrick's day patriotic means looking out for each other and fixing things

00:17:58.780 together true patriotism is being in the country you love surrounded by people you love and great

00:18:04.940 weather being a patriot is being a part of your community and caring for it it doesn't matter who

00:18:09.180 you are or where you're from patriotism is the one thing we all share it's okay to be critical

00:18:15.260 of government and still be a patriot it's gratitude to your country of course i'm a patriot

00:18:20.620 i'm canadian it's my home well actually true patriot love is the mission

True Patriot Love - March 20, 2026

Let's Make A Deal： Canada's Power Play in a Global Crisis

Episode Stats

Summary

Transcript