In one Recent interview With the Canadian psychologist Jordan B. Peterson, the conservative party leader Pierre Poilievre noticed some important facts about Canadian oil.
The entire 11 -minute interview is worth seeing.
Some highlights:
4:10: The nature of the Canadian trade surplus. “Yes, it’s a rise. Canada tears herself off. “
4:25: The entire trading surplus of Canada with the United States is due to oil and natural gas.
4:30: Canada exports $ 120 billion in oil and gas to the United States with enormous discounts to market prices.
4:40: The reason: “We have been so stupid.”
4:50: Due to various limitations, Canadians were unable to develop the infrastructure to refine and transport energy to world markets.
5:10: So Canadians are stuck. Canadians sell a barrel of oil to Americans for a discount of 10 to 40% discount on the world price.
5:20: Until recently, Canada sends 99% of its oil export to America.
5:40: Canada sells all its natural gas to the United States because Canada has no natural gas -making terminal.
6:20: If he becomes prime minister, Poilievre plans to approve refineries and LNG plants.
6:30: If Trump wants to make America richer, the last thing he should do, blocking Canadian energy to go into his marketplace. (DRH NOTE: Poilievre understands international trade; I don’t think Trump does that. When Trump sees cheap imports, this co-author of The art of the deal thinks it’s not a deal.)
6:45: Why Trump should approve the Keystone pipeline.
7:20: Must have more electricity trade.
8:15: Trudeau refused to collaborate with German and Japanese governments on natural gas. (So Jordan Peterson says: I didn’t check this.)
9:14: What do you do when someone throws money out of a window? Great answer.
9:50: The integrated economy – a car crosses the border 8 or 9 times.
The corresponding photo is from Poilievre.