True Patriot Love - Venezuela Oil Shock Could Crush Canada

00:00:00.000 well the reason was narco trafficking and now nick maduro has been uh pulled out of power by

00:00:11.560 the u.s and really that's the last i heard of narco trafficking since then mainly the discussion

00:00:17.540 has been oil and so when it comes to that topic here at tpl we always head to uh the realm of

00:00:26.000 dan mcteague thanks so much for joining us dan and uh hopefully adding some uh depth to this that

00:00:31.980 we're only getting in sound bites uh right now uh before our discussion began today i pointed out

00:00:38.480 and uh we had this discussion there's not many people that are experts in this country on oil

00:00:43.480 uh like you so i'm delighted to have you with us thanks so much my great beer thanks very much and

00:00:48.560 yeah i was wondering what the new year would look like i didn't have to wait very long to figure it

00:00:53.400 we were going to be very busy and it all comes down to one well two words uh canada's big mistake

00:00:59.160 and that's zero but i'll explain that later yeah okay well that's uh that's a great place for us to

00:01:04.280 land uh in this discussion for sure one of the uh things that i'd love to do out of the gate is kind

00:01:09.500 of paint a picture for canadians uh we've all heard the news we all understand what's going on i'm not

00:01:15.060 entirely sure that i understand uh the legality of what uh what the u.s has done here or what the effects

00:01:20.980 will be but as i point out dan this really what we're talking about here uh has gone from narco

00:01:28.180 trafficking safety quickly to oil as uh this morning we're hearing that oil is coming out of

00:01:34.580 uh venezuela and headed to the u.s almost in in the form of reparations or something i don't even

00:01:40.260 understand that can you give us a more rounded picture on where we stand right now with this

00:01:45.220 uh entire problem yeah sure venezuela's largest uh supplier of uh the largest reserves of oil in

00:01:51.860 the world over three uh billion provable barrels that's a lot of uh barrels if you consider the

00:01:56.820 world's consumption is about uh you know in the vicinity of a hundred million barrels a day so on

00:02:02.580 its own i mean you could see how their reserves or proven reserves could last and keep the world

00:02:07.700 going for a very long time if they had to but what's critical is understanding the role venezuela

00:02:14.340 played prior to the uh arrival the takeover by uh hugo chavez um back 15 20 years ago and where that

00:02:23.300 industry stood venezuela had the cheapest largest uh plentiful abundance of oil that had exported to

00:02:29.780 the world but mostly to the united states they would uh you know operate through their own national

00:02:35.300 company and several other companies get product to the united states gulf coast now why is that important

00:02:41.220 why is houston important why is texas and you know uh louisiana alabama uh that region of the united

00:02:47.940 states so important from an oil perspective not just because the drilling and where the

00:02:52.180 where their proximity to west texas and original texas uh and oklahoma drills of 150 120 years ago

00:03:00.500 it's also home to the refiners that produce half of all the fuel consumed in the united states and just to

00:03:05.940 make this more interesting the united states is still the largest consumer of oil in the world it's

00:03:11.060 not china it's not india it's the united states so access to the u.s market is uh is is critical not

00:03:17.140 just for americans but also for countries that want to uh you know improve their economies and uh venezuela

00:03:23.460 did much of that by getting most of its oil to the u.s gulf coast three three and a half million barrels a

00:03:28.100 day that fell to about a million barrels uh in terms of production and none of that went to the united

00:03:33.220 states after it imposed sanctions on uh the socialists that had basically stolen uh the assets

00:03:39.700 that uh were owned by american companies but not limited to american companies but such as exxon not

00:03:44.580 a small company uh conoco phillips not a small company and uh messed around even with chevron the

00:03:50.100 effect of which was to reduce and pretty much eliminate venezuela's exports of its oil to the u.s gulf

00:03:56.740 coast in the meantime a little country to the north named canada said we can get that uh oil to you

00:04:02.900 the same heavy oil you need and why is heavy oil i know the people on the left like to disparage it

00:04:08.420 no heavy oil no diesel yeah it seems like yeah so we seem to be one of the biggest suppliers of uh

00:04:15.860 of heavy oil for diesel uh potentially in the world exactly and so i mean everybody has various slates

00:04:22.900 of oil canada has a little bit but we have heavier oil and people who do ride it don't really understand

00:04:27.860 that its properties are that you can produce anything with heavy oil but most notably for the

00:04:32.660 purposes of economies being functional uh you know diesel is the global workhorse and you can't

00:04:37.860 make it using light tight shale oil and you don't want it coming from countries that have you know 1.00

00:04:42.660 pretty dodgy reputations on human rights and on environment and so canada became a real obvious

00:04:49.540 no-brainer and how they did it mike was they the pipelines that went from houston or went to texas

00:04:55.220 and then made their way into north into oklahoma to what's a place called cushing cushing oklahoma is the hub

00:05:01.940 for west texas intermediate when you hear oil price well it's always wti at least for us in north america

00:05:07.060 so a critical spot that got most of its oil certainly most of its heavy oil from venezuela that changed

00:05:13.220 and over the period i would say 210 to about 218 216 we reversed a number of pipelines south of illinois so

00:05:21.220 that oil wouldn't be flowing from u.s gulf coast because there's none left all the way up to illinois

00:05:27.060 uh instead it was canada oil going to illinois then making its way and then some through the

00:05:31.300 existing keystone pipeline right down into the u.s gulf coast such that 900 000 barrels of canadian oil

00:05:38.340 that didn't didn't have a market before are now finding their way to the u.s gulf coast about 2.4

00:05:44.100 million barrels of the what we sell to the united states goes to the u.s midwest and so

00:05:48.580 we uh we have a pretty large presence in united states what worried me most on sunday after i

00:05:55.300 heard about the uh removal of maduro was the great reality that uh we had to now accept and that was

00:06:00.820 that we are going to see a resumption of venezuelan oil into the u.s market displacing canadian oil and

00:06:08.740 making a complete mockery of the fact that we've spent 10 years dithering uh you know uh naval gazing

00:06:14.660 and uh you really uh call it what it is uh you know thumb sucking over the idea that somehow we had to

00:06:23.540 be the world's international boy scouts and girl guys when it came to climate such that we had to

00:06:27.860 decarbonize our own oil no other country does this but no canada has to decarbonize this oil in order to

00:06:34.500 be able to sell because we want to be virtually signaling unfortunately we're about to have

00:06:39.060 our backsides sent to us because we are we could lose that market and we could lose it in a much

00:06:43.540 shorter period of time than so-called experts are telling us yeah you raise a good point it seems

00:06:48.420 like uh in many ways canada finds itself uh virtue signaling around the world whether it's uh i and

00:06:53.700 you know what i'll i'll take heat for this but i am and this is a great example with oil but in many

00:06:59.700 ways we're out there acting like way too big for our britches uh in the global uh in the global uh

00:07:06.340 theater uh you know whether it's peacekeeping or uh resources uh fuels and gas all of this sort of

00:07:13.060 stuff we tend to uh want to be the most virtuous out there at our own expense uh now this is something

00:07:21.780 i just started to understand if you if the price of oil changes even slightly albertans for example

00:07:29.700 the price per barrel in canada is a significant marker and it has a big impact on us can we talk

00:07:37.940 a little bit about that with uh with this new potential oil arriving from venezuela yeah so that

00:07:43.700 oil might come for free to a large extent to be uh money uh rather uh in in the form of uh reparations

00:07:51.300 that venezuela or at least its oil will have to cover for the uh for the theft if you will of the

00:07:58.500 socialists in venezuela who stole the property of belonging to exxon and chevron and conoco phillips

00:08:05.140 and a host of others including companies from india some from south korea those are much smaller

00:08:10.820 but the claim is that uh if it's several billions of dollars uh these companies may very well be able

00:08:15.940 to get that back by getting not by demanding the venezuelans pay for it because they can't

00:08:21.140 uh but by getting uh you know other than royalties going back to the government to sustain it

00:08:25.780 uh that they may be able to get this at a much cheaper price now i just want to make people

00:08:29.940 understand something canadian oil cannot be uh produced it cannot be uh made possible for under

00:08:37.380 40 bucks a barrel we're at 44 right now so if it's coming in zero in in the us if it's coming from

00:08:43.860 venezuela zero we're not competitive at all for at least a period of time and it seems to me that during

00:08:50.340 that period of time new arrangements for that oil could easily be made out of venezuela under new

00:08:55.300 terms with the us precisely and we now know that venezuela was only able to put out about a million

00:09:00.980 not even quite a million barrels a day but as of yesterday the only country that was picking up

00:09:06.820 most of that oil was china it was told to basically pack up and get out and the contract was was shut

00:09:11.860 down so there's a million barrels now sitting out there guess where that's going and it's going to

00:09:15.780 go there a lot sooner than the 10 years some of the uh oh the experts who've been around this for

00:09:21.220 five or six years and suddenly understood this i've been to venezuela i've been in the united states

00:09:25.860 i've worked in this industry since 1995 both as a member of parliament and in the in the in the real

00:09:31.460 sense from the consumer's perspective but 40 is the number i'm looking at canadian oil drop to

00:09:36.820 lower 40 you're going to start to see some shut-ins and you're going to start to see revenues drop and

00:09:40.420 you're going to start to see not just for the alberta government you're going to start to see that

00:09:44.340 impact the canadian government and so we've been we've been pretending prancing around you know

00:09:50.260 playing this idea that we can somehow do without oil and our economy will just flourish and all this

00:09:55.700 money will come in and there'll be investments on green energy and all sorts of other nonsense

00:10:00.180 after 10 years of that we are going to see a much higher level of debt federal because of course the

00:10:07.460 revenues uh that come in from the oil and gas sector are substantial net 25 30 billion dollars

00:10:14.660 every year on what we currently have in fact what we currently have is about to be compromised or

00:10:19.540 lessened then it's going to have a direct impact on the finances of the country which means of course

00:10:24.020 higher interest rates it means a higher debt it means a number of implications in terms of

00:10:28.980 joblessness and canada becomes less attractive you don't take my word on how less attractive we are

00:10:34.980 because it takes 138 canadian pennies to buy one us dollar that's adding 35 40 to the cost of

00:10:41.540 everything no wonder grocery prices are through the roof no wonder we feel like we're losing this great 0.72

00:10:46.420 battle why because we made a stupid move in 2015 to say we are going to shut ourselves in and we are 0.87

00:10:52.340 going to become virtue signalers on something over net zero that has been extraordinarily damaging to 0.96

00:10:57.860 canada we see the damage being done in europe it's far worse for canadians who decided we're not

00:11:02.740 going to build lng we're not going to build pipelines we're going to block all these things

00:11:06.180 and basically cut our nose off to spite our faces we have choked the golden goose and now we're about

00:11:11.060 to pay for it it seems to me that uh there's a lot of discussion of uh the carney says i've got an mou

00:11:17.940 for a pipeline uh you know uh net zero does it does it seem like we can at some point start to walk back

00:11:27.140 from this have we virtue signaled too hard in the world to say okay we've got to open up new ways

00:11:32.500 to uh access our resources we need to uh or once you ring that bell it's you know really difficult

00:11:39.380 to unring it yeah i mean you can't unscramble eggs i've been on this since 2017 2018. i left gas

00:11:45.540 buddy in the united states to be able to focus on where canada was going the deterioration of our

00:11:50.500 standard of living which is why affordable energy made so much sense drive up the price of energy you

00:11:55.540 you see that an appreciable drop not only the ability for people to make ends meet and pay for

00:12:00.820 things but also drive away the very uh you know that one of the major engines of uh of economic uh

00:12:07.700 prowess that we have in this country uh you know net zero isn't just about a concept it's it gave

00:12:13.300 you the carbon taxes the first one which uh we suspended temporarily the consumer carbon tax we still

00:12:19.060 have the clean fuel standard by the way gasoline's gone up two cents a liter no one knows that

00:12:23.620 because they don't follow it the way i do but it's up two cents a liter it's going to us 20 cents a

00:12:27.540 liter to displace the previous one and we have the obps the uh the industrial carbon tax now as far as

00:12:33.060 the mou is and of course we have apart from that zero the ev mandates i worked at toyota canada public

00:12:39.780 relations i know exactly what was going to happen i predicted these would be failures colossal failures

00:12:45.380 once people realized what was involved the cost the shortcomings uh the inefficiency the unreliability

00:12:52.420 all these things that they had to be massively subsidized by hard you know by our hard tax

00:12:57.460 dollars by people who could hardly make ends meet it made no sense it was a recipe to destroy the

00:13:04.180 canadian standard of living it still is the longer the liberals and their buddies and the ndp and the

00:13:09.620 greens and the bloc continue to cling to this the less likely it is you're going to have a country

00:13:14.340 that's going to be able to survive economically over the next decade it's already i don't know what you

00:13:18.980 what you mean we we made beautiful battery plants and uh oh yeah we need uh we need to resource

00:13:24.740 certain minerals to um to make those batteries and also uh the companies are gone this the writing on

00:13:31.220 the wall here i mean even a guy like myself could have seen this three four years out that if we are

00:13:38.100 trying to replace what we naturally have and the access that we could easily have to resources in our

00:13:44.740 own country providing jobs providing export at a better value um you know i'm surprised if the

00:13:51.780 industry didn't also see that and certainly the government dan how do we get back into the oil game

00:13:57.940 is there uh is there a road back that you can see there is and it would be if i were prime minister 0.99

00:14:04.260 dan mctegg tomorrow morning i would tear up that stupid mou and say you're not going to impose any more 0.99

00:14:09.300 burdens on getting canadian product to market and you're going to use your federal authority to say 0.99

00:14:14.740 the pipeline is approved now based of course on northern gateway now who's going to invest well we

00:14:20.500 now know in the past 72 hours investment has pretty much dried up or to a large extent been compromised

00:14:25.940 by the fact that our dithering has given opportunities for new events to emerge geopolitically

00:14:32.020 that have put us at a at a disposition we paid 50 billion dollars out of the taxpayers pockets to

00:14:39.860 build the transmount pipeline expansion because we had fruit cakes and nut jobs going around saying we

00:14:44.660 should not be building pipelines and we should block pipelines right beside the existing pipeline uh tmx

00:14:50.980 which has been there since 1953 without yeah with zero incidents so look we have snookered ourselves

00:14:58.660 don't blame the rest of the world but if you have a guy like mark carney if i was a smart mark carney

00:15:02.980 i'd be going out saying to china you just lost 800 000 barrels of oil how about picking up some from

00:15:07.700 us that would create the investment and the climate that they we would need to maybe fulfill the idea

00:15:14.180 of rebuilding northern gateway but as i said earlier it takes resolve by the federal government you're not

00:15:18.340 going to get it from a bunch of liberals whose only support was you know being a bunch of el bozos 1.00

00:15:23.300 who've gone and basically said oh we can spend our way into more debt you know we can make this

00:15:27.540 about your work while killing the very sectors and by the way mike i don't want to be too too hard on

00:15:33.140 this i'm not just talking energy i saw a stat this morning it showed that canada's manufacturers have

00:15:40.020 dropped to almost zero their investment in new equipment no new equipment no productivity no

00:15:44.740 productivity no economic gain we are in a free fall and the only way to stop it is to basically say the 0.94

00:15:52.580 stupidity of 2015 and our obsession with net zero and wokeness and dei has got to come to an end or 0.96

00:16:00.100 there will be no country it seems like uh an investment in oil in canada right now is the kind 0.99

00:16:08.340 of investment that you make in an underdog uh you know it doesn't seem like a bright investment for

00:16:14.500 many people on the heels of oh look the american market one of their biggest buyers is about to get

00:16:19.540 free oil uh you know it's uh heavily i don't know how you feel about uh actually processing oil into

00:16:27.060 the the fuels here in canada but doesn't seem to be something we do we send a lot of that to the

00:16:31.460 states it goes to billings as you point out uh into into the midwest as well i don't know if that's a

00:16:36.980 solution for this but the one thing that i do think is that as an investment in oil right now canada

00:16:43.460 looks like a tough game canada has the capital uh and has made the capital investments in refineries

00:16:49.540 yes we've shut down refineries i dealt with that 25 uh years ago when i was a member of parliament uh

00:16:54.980 you might record remember this little gem produced in what year is that 1998 so i wrote that on gasoline

00:17:02.260 pricing so i'm not new to this business but you know refineries not the issue the irony is that

00:17:08.180 we're going to send your refined product if you still don't have pipelines to send it that's true i

00:17:12.100 mean a lot of people no wonder no one wants to make investments but a lot of refiners have bulked

00:17:16.340 up we have little pipelines that uh like for instance if you're in winnipeg all your gasoline

00:17:20.900 comes from saskatch from saskatchewan or even as far as away as edmonton much of my oil that i'm

00:17:25.940 using here in toronto ontario milton ontario comes from out west through line five through michigan so

00:17:32.340 pipelines have been the solution the fact that we have attacked them that we have uh as we say in

00:17:37.940 frenchies they actually targeted to uh to prevent these things from being built is nothing short of

00:17:44.260 reckless irresponsible and a form of economic vandalism likes which we're paying for today

00:17:50.180 take a look at venezuela for me three years out if you don't mind dan in your mind what do you see

00:17:55.060 venezuela's back to pumping three million barrels a day remember it isn't about the decrepit nature of

00:18:01.300 what maduro did and what chavez did i mean the biggest challenge venezuela faces today in terms of

00:18:07.220 production of oil uh is the is the takeaway it's diluent now like canada you have to mix it with

00:18:14.500 lighter blends in order to make it flow better the stuff that's in the orinoco belt is heavy it's

00:18:21.300 more or less the surface of what we have in canada's take steam to get it out in most cases you have to

00:18:26.340 upgrade it that's that's a very expensive process the operators have not been kept to date but they can

00:18:31.220 be done so very quickly given that the infrastructure is there the fact that it needs to be rehabilitated

00:18:37.140 is uh is small potatoes when you consider the money's already there in terms of reparations

00:18:41.140 these companies can take advantage of but the two biggest obstacles diluent as i mentioned can now

00:18:47.860 be made possible the united states can send it there and they can start getting a few hundred thousand

00:18:51.860 more barrels of oil a day and that can happen in the next six months if not sooner and of course the

00:18:56.980 other one sanctions they're over they're finished sanctioned oil is not going to the united states

00:19:02.020 donald trump the president announced last night he's getting 50 million barrels now

00:19:06.580 a purchase from venezuela it'll help venezuelans but also help americans that oil coming to the

00:19:12.340 united states means there's no longer need for canadian oil so well done canadian fanatics who've

00:19:17.380 gone out and said no canadian oil you may not like the product but the product pays for your hospitals

00:19:23.460 it pays for your pensions it pays for your social programs and how do i know yeah i spent some time

00:19:28.420 both in cabinet and as a member of parliament for 18 years as a liberal and i know how important this

00:19:33.300 was why when i wrote this report you'll see was embargoed uh embargoed to 1 p.m wednesday june 10th

00:19:40.260 1998 both kretz and martin came up to you martin's finance minister and kretz saying nervous said what

00:19:45.860 the heck you have in that report because it was written by about 30 liberal members apart when i was

00:19:49.540 chair i said uh it's all about the downstream it's all about uh retail gasoline why questions and it was

00:19:56.660 martin pulled me aside and said dan we're producing and selling about a million barrels of oil a day

00:20:01.620 we can go to two maybe even three million barrels the next few years that's how we're going to pay

00:20:05.460 down the debt you remember in 1997 1998 we were the country that was uh targeted by the imf as being

00:20:11.460 the honor honorary future members of its uh unders tutelage you don't want to be in that position

00:20:16.980 that's what scared them they recognize that you can't crap on the oil industry like it or not and i'm

00:20:21.620 from ontario and i fought uh you know i i was there around long enough when i ran a national

00:20:26.340 energy program and yeah when i was a young liberal uh turk in the riding if you will working for the

00:20:32.340 liberals paul cosgrove at the time and i've got the receipts to prove it um god i did a lot when i

00:20:36.900 was young nevertheless you're not slowing down dan i'll be honest with you it's too much and i'm saying

00:20:43.860 look the institutional memories of what's happened and what's what's taking place when paul martin and

00:20:48.900 john crescent said we can't make ends meet without alberta oil getting to global markets at that time

00:20:54.980 one million now today four or five million the threat that might be reduced back to three million

00:21:01.540 well that's going to cost uh you and i and we're going to see our deficit in this country blow up

00:21:06.900 investments will walk away jobs will be lost and the uh the effect will be cataclysmic now

00:21:12.660 someone's going to say oh it's only three or four percent of your gdp i hear them all the time

00:21:16.820 yeah well 70 of your economy is based on service nothing wrong with that 30 has to produce to make

00:21:22.180 that 70 and if part of that 70 is civil servants how the hell you think you're going to keep your

00:21:26.820 job much less your pensions if you don't have gdp someone making uh you know making revenue

00:21:32.580 our gdp keeps dropping below the line we've seen it six times in the last 12 months uh and it's all

00:21:39.380 based on the manufacturing sector failing uh the lack of production of our own resources and and exports

00:21:47.780 it is a frightening experience to know okay one major resource that we could be tapping into with

00:21:53.460 a market that's natural to us we just let it go um what should canadians in your mind be saying to

00:21:59.460 their politicians and to the federal government at this point um to to get it turned around what is the

00:22:06.020 one thing that would uh terrify politicians and our federal government into uh making us a better

00:22:12.100 producer of our own resources you want to come after donald trump you want to stop your elbowzo

00:22:17.380 routine that you were engaging in several months ago get canadian oil to alternative markets we have 12

00:22:23.940 countries that showed up in the past four years begging us not for a hydrogen not for ai not for

00:22:31.220 our trendy ev battery or buses or cars you know they they they're past that foolishness they came here for

00:22:38.900 our oil and for our natural gas because they know we have a lot of it we produce it to the highest

00:22:43.300 ethical standards in the world and i'm not tooting the canadian horn because i'm a canadian these guys

00:22:48.020 came to us saying please give us something we said oh there's no business case i mean if people are going

00:22:53.540 to be as simplistic as voting for socks sobbing selfies and if someone walks around trying to pump

00:22:59.380 up their uh their cv by saying they were everything you know all things to all people i was upset mark

00:23:04.580 carnegie said he had something to do with the but the balancing the budget in 1998 baloney poppycock

00:23:09.620 that's not true he could have great deals with uh donald trump in a very short period of time baloney he

00:23:15.700 never did had nothing to do with the 2008 global economic meltdown that was paul martin and my old friend

00:23:21.620 who was my provincial counterpart before he became federal uh jim the late jim flaherty who had a lot

00:23:26.500 to do with making sure the country didn't go off the rails all that aside i think canadians need to

00:23:31.540 recognize and they have by the way the polls are finally showing they want pipelines built but it's

00:23:37.060 too little too late and if you really want to stick at donald trump the only way you can do it is by saying

00:23:42.580 you don't want our market you don't want our oil we've got dozens of others that'll take it china 1.00

00:23:47.140 japan south korea indonesia emerging nations would take canadian oil handily overalls why

00:23:53.860 they have the refinery capacity they have the upgraders they can take these things but we keep

00:23:59.220 sitting here selling to the united states our natural gas for two bucks in mmbtu they're selling

00:24:05.700 to lng because we said there's we're not going to build lngs we're going to block these things for 0.92

00:24:10.420 the past 10 years now we're getting a couple done too little too late americans have seven they're

00:24:14.740 selling for 17 in mbtu i mean what that really means is that we're giving americans the feedstock

00:24:21.700 they're making the profit on it because they were not encumbered by net zero what would i say to

00:24:26.980 canadians lose the fallacies of net zero because what it's doing at the end of the day is leaving

00:24:32.740 you with a lot less money and the only thing that's winding up is net zero in your bank accounts and for

00:24:37.860 generations to come dan mcteague thank you so much i know you're busy everybody wants to talk to you

00:24:43.860 uh and uh you know this is a really good sort of uh summation of where we're at i hope that we can

00:24:50.260 stay in touch with you as we work our way through this as canadians it is a little terrifying that

00:24:54.900 we've put ourselves in this position i couldn't agree with you more that we've we've put ourselves

00:24:58.980 and there is nothing wrong with trying to save the planet but we can't be alone in it we can't pay the

00:25:04.820 price for it as canadians and uh the the net results of net zero have only been negative to this

00:25:11.060 point it's tough to sell canadians on it i think uh overall right now uh dan where can people find

00:25:16.340 out more about what you're up to and keeping an eye on affordable energy for us yeah president

00:25:20.900 affordableenergy.ca gets you directing me i do read my emails whenever they come in from time to time

00:25:25.940 uh affordableenergy.ca look at the site by the way i'm putting up an article today about

00:25:30.820 my take on venezuela i know it's only the third day third working day into uh the new year but

00:25:36.820 uh we've really had to as it were hit the ground running on this issue because it does suggest that

00:25:41.300 canada has uh is in a crisis moment and it's not about going to europe and going to other places

00:25:45.940 around the world we need to address this very quickly and that's what you're going to find in

00:25:49.620 some of the writings that i have leading up to this time i'm really wrong on these things only because

00:25:54.100 thank god i've got the experience both in the private sector and the public sector to know what's

00:25:57.860 going on and having been to venezuela having been to guyana having worked in the united states i mean

00:26:02.340 all of these things provide me an insight that tells me canada can get it right but it needs the

00:26:07.780 leadership in this country to say let's get on with building pipelines and let's nix net zero i'm

00:26:13.700 with dan mcteague if you're in the media and you haven't interviewed him about this topic yet

00:26:18.900 i can't help you he's the guy thank you so much dan i appreciate it and we'll see you next time

00:26:23.940 looking forward to it again

True Patriot Love - January 10, 2026

Venezuela Oil Shock Could Crush Canada

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