Join us in The Pipeline as we discuss the latest in the world of news and current events, including the latest on the Trump tariffs, the McDavid trade deal, and more! The Pipeline is sponsored by New World Precious Metals, a company based right here in Alberta, Canada.
00:07:11.500Yeah, I mean, Trudeau can claim a bit of victory because you have seen him surging a little bit in the polls.
00:07:22.940And, you know, I think Canada as a whole can claim a bit of a victory because you've seen a reawakening of patriotism that hasn't been there for a while.
00:07:32.600We've got the American National Anthem being booed at hockey games and basketball games, which I don't necessarily agree with.
00:07:43.140And it's going to make the upcoming Four Nations hockey going to be even more interesting when Canada plays the U.S.
00:07:50.120It's a bitter battle already, so it should be good.
00:07:53.660So I think Guy Smith is the big winner out of all this.
00:07:56.460Well, she got that czar as well that, you know, the ever increasingly unhinged Andrew Coyne, for example, called her Premier Loon for asking for that.
00:08:04.460And now suddenly it's a brilliant idea when the federal government brings in that position.
00:08:09.820Well, it kind of plays into this idea of creating a prevention piece as well, right?
00:08:14.780Because now they've actually got something to do.
00:08:43.640because he doesn't seem to be backing off on that yet.
00:08:46.380Like there's going to be more demands at the end of the month.
00:08:48.140And where is he going to go next, a supposed subsidy?
00:08:52.040Well, I think it was an American economist yesterday
00:08:54.420made this comparison that uh you know the grocery store doesn't buy as much from me as i buy from
00:09:00.660them yeah you know and uh he turns around and uh premier smith has made this comment as well he
00:09:06.340turns around he buys about 100 billion dollars worth of oil and turns it into 300 billion dollars
00:09:09.940worth of products simply because of discount between uh canadian and american oil prices and
00:09:16.180And, you know, a lot of that is a function of the lack of pipelines that go east and west.
00:09:24.380And so now we've had this talk of reviving pipelines out to the east coast, and maybe even Northern Gateway, which, I mean, it's a, you know, a day late dollar short.
00:09:38.020If we would have had these things up and running five, ten years ago when they were proposed, then we would be in this position that we're in now.
00:09:45.420Yeah, well, I see Wilkinson coming up talking about the importance of diversifying our export markets now. People have suddenly understood that, you know, when you've got a business and you've only got one customer, you're actually in a really, really bad position. Even Quebec Premier Legault got up and said, yes, this is very important, but then quickly said, but there's no damn way we're letting the pipeline through Quebec.
00:10:06.300well i think what he said was it seems to me that he might be somewhat in favor of the idea
00:10:14.020but he was just trying to brush it off as trying to say that there's no social acceptability
00:10:18.500i don't care about social acceptability yeah he was yeah i think you wrote the column yesterday
00:10:23.780that he was uh you know he was shown to be the traitor in the team canada dressing room
00:10:28.860but uh yeah i mean you you're either team canada or you're not team canada
00:10:36.240and i don't think he wants any part of team canada i don't blame him for that he wants
00:10:42.560to look out what's best for his province uh you know there were people saying well why don't we
00:10:47.280build a pipeline to uh ontario and then ship it to the east coast refineries um but there was
00:10:57.760certainly from the comments and whatnot yesterday that we got on john's column a lot of anger out
00:11:02.800there in that stance. You know, are we going to be self-sufficient or are we not? And if we're
00:11:10.960going to be self-sufficient, we need a damn pipeline through Quebec.
00:11:14.160Well, we need one that doesn't go through the United States and then back up into Ontario.
00:11:18.480That too, yeah. Which is, again, you talk about vulnerability. Here's this
00:11:21.840main line. Guys, it goes down there and comes up. Like, you know, we are on the hook with
00:11:28.640with him. And Trump is the latest, you know, the one in power right now, who's pretty
00:11:32.280protectionist, but he won't be the last president like that. And as you said, Quebec's looking out
00:11:36.680for Quebec, which is fair enough. I'm big on Alberta looking out for Alberta. But I think
00:11:41.000it's in Quebec's interest to have a strong Canadian economy so they can still keep pilfering0.99
00:11:44.900equalization payments. So, I mean, if they keep castrating our ability to make money,
00:11:49.220they will lose their poutine funds eventually. Well, I think there was also some irony,
00:11:53.700you know, and that Premier Smith was called the traitor in the Team Canada locker room.
00:12:01.320You know, even the Prime Minister had used the Team Canada analogy and all this kind of thing.
00:12:06.840And I don't think anybody ever really expects Quebec to kind of be on the team,
00:12:11.340but, you know, kind of go to the extent that they did to, you know,
00:12:15.240now we're essentially blocking oil from maritime provinces.
00:12:18.680you know i'm i'm looking at uh if we've got a loser in all this it may be doug ford
00:12:25.160he called an election on these tariffs and they are now no longer coming uh he rips up a hundred
00:12:31.680million dollar contract with elon musk to provide it back together you know sorry sorry yeah and
00:12:39.320And then there's the hot mic comments.
00:13:04.220I felt sorry for all these Eastern liquor store owners who spent the day taking all the American booze off their shelves and putting it away.0.82
00:13:13.360And now they had that night, Monday night, they have to go back in and put them all back on again.
00:13:18.460Oh, and to be fair, you know, I understand some of the need for some of the posturing.
00:13:22.740I mean, you can't just take it laying down.
00:13:24.520This was a pretty nasty shot at Canada and a threat with us.
00:13:28.280Well, we've got to show somewhere, you know, that, hey, well, we will try how we can to reduce our consumption of your products.
00:13:36.060And then some of the most visible are, you know, liquor, bourbon.
00:13:39.400I mean, you know, switching to rye from bourbon.
00:13:42.560I mean, you know, I don't drink any longer, but I think I would have sped my path to sobriety if I couldn't have gotten a hold of bourbon.
00:32:45.480um so obviously we're a different country and he when polyev if he becomes prime minister he can't
00:32:54.740just sign executive orders all day from uh does it does the canadian prime minister's office have
00:33:02.280a name the pmo and the privy council kind of is tied in there and that's part of cabinet
00:33:08.340but interestingly there was a poll yesterday and it's just the one that showed the liberals uh
00:33:14.400ahead in ontario again uh just concerning um but yeah i mean paulio's got to be looking at trump
00:33:22.320and thinking that's gonna it's a good idea that's gonna well you know then he's obviously gonna be
00:33:27.160hamstring well the thing that struck me is that uh trump is probably his biggest problem you know
00:33:35.620what i mean because now he's almost got to come out against some of these things that trump is
00:33:39.960doing because trump is almost kind of undercutting them at the years
00:33:43.100but now with all this uh kind of anti-american sentiment
00:33:50.220the hockey games and things like that it's like you said it seems to be you know trudeau has
00:33:55.820gone up for the first time in almost two years right so trump almost seems to be working against
00:34:03.480him like how do you count it as a guy you know who wrote a book on alberta sovereignty it warms
00:34:09.960the cockles of my heart to think of eastern canada putting the liberals back in its circumstances
00:34:14.200because i'll have a bestseller but uh in reality i mean is that really what's going to happen i
00:34:20.420mean we'll kind of segue into the next one i mean the unity issues the canadian differences
00:34:24.120i don't kind of back to quebec again i mean that's the risk polyev has now he's really
00:34:30.280straddling i mean everybody's kind of agreeing we need to diversify our energy sources but quebec
00:34:34.680saying no and the only thing that scares politicians more than first nations people are
00:34:40.520french operators is is probably going to be ready to take on a unity battle in quebec
00:34:47.400he may not have a choice not have a choice uh uh you know we talked about it earlier but
00:34:54.760you know everybody's saying okay we must become energy independent we must be coming
00:34:58.520it throws up his hands and says no um we were talking earlier today sean about kitamat finally
00:35:06.840coming online and increased opportunity for canadian lng sales yeah where's that going to come
00:35:13.480from uh japan japan and also uh from china uh these uh tariff this trade war with trump escalates
00:35:22.360China would be obviously looking for more, probably even cool.
00:35:30.760That could be an unintended consequence of Trump's multiple trade war fronts,
00:35:38.440not only in hospitals in Asia, because, you know, on the electric cars,
00:35:45.700we've got 100% tariffs on Chinese-made EVs, right?
00:35:48.780Well, if he goes and sanctions the auto industry, what's to stop us from all of a sudden removing those tariffs on Chinese cars and buying $10,000, you know, let them flood the market with $10,000 EVs, notwithstanding all these subsidies that we have for battery companies.
00:36:10.480But I mean, the world is our oyster if we could just get these products to market.
00:36:14.100I mean, India has the biggest refinery on the planet.
00:36:17.620And having another source of feedstock, I'm certain they'd be happy with that, especially if things might go a little off with Iran or things like, you know, Europe, again, they came cap in hand.
00:36:28.260Germany and others saying, can you please supply us with LNG?
00:36:32.020Trudeau, of course, said, no, there's no business case for it and sent them away.
00:36:34.840And then they cut a big deal with Qatar.
00:38:41.820And the only other source is if suddenly Canada is not shipping south with heavy oil, well, they're going to have to go knocking on Venezuela's door.
00:38:49.320i know none of us like government involvement in business but is it is it worth the alberta
00:38:55.180government building a refinery i know it's going to cost three or four billion refineries are
00:38:59.640normally at the end use so they're they're closer to the consumer markets right um there was some
00:39:06.940talk though of maybe the alberta government buying like almost a holding company to buy up all the
00:39:13.260oil and then resell it to avoid some of these, you know, one thing with Smith, and it's not
00:39:22.360just on oil, but with the renewable energy and the power and stuff like she's, she hasn't
00:39:29.740exactly done it yet, but she has expressed a willingness to get kind of, you know, the
00:39:35.760government involved in these markets to restructure them. Probably not since we've seen since
00:39:42.080well i'm not big on government involving just my thoughts out there one of the things smith
00:39:45.920talked about even before she became premier though was always about an energy corridor i mean that's
00:39:51.120something if the government could just say okay we're going to deal with the land the the issues
00:39:57.740and so on this is the path private markets now you're going to have to if you want this is where
00:40:02.480you're going to put the pipeline this is where you're going to put the power transmission line
00:40:05.020this is where we will provide the corridor other than that we're not building a pipe we saw how
00:40:09.680well the government did transmountain we're not going to build a refinery but you know if you
00:40:13.080got a pipe to the west coast or east coast maybe there's going to be a reason for a new refinery
00:40:17.160but the government's role is just to make sure the industry knows they can get there if they start
00:40:22.920like it they're like lucy and you know charlie brown with a football it's been yanked away so
00:40:27.020many times what amount of assurances from the government will it take before they start to put
00:40:31.560money back into this we know it's there the government's got to make sure they can do it
00:40:35.800yeah it's uh it's almost sort of one calling in a question daniel smith's
00:40:43.240vow to double oil production that's a bit of a bright dream but uh what you're talking about
00:40:49.800the government regular regulatory certainty like when we're in pritis um the folks from british
00:40:57.880columbia see a lot of people don't realize that one of the problems is uh british columbia is the
00:41:02.600only province in Canada that does not have land claims treaties with its First Nations.
00:41:07.580So what's happening is that the companies are forced to deal with each one's on a, you
00:45:03.020And Donald Trump becoming the first sitting president to attend the Super Bowl.
00:45:07.640Yeah, no, it's going to be a good game.
00:45:09.840It really is. And you can't count out Kansas. I mean, God, love them or hate them. They're good. They're bloody good.
00:45:16.160All right. Well, thank you guys. And thank all of you guys for tuning in. So keep up.
00:45:22.180There's going to be another episode with Jen on, I think, filling in for Nigel Hannaford, my show, of course, on Wednesdays and this show coming every Thursday.
00:45:32.300So keep tuning in. We appreciate you tuning in this time and I'll see you on the next one.