The Keystone XL pipeline could have started operating mere months from now The U.S. decision to ease sanctions and allow it to resume oil imports from Venezuela will hurt Canada’s oil sector, according to industry analysts. It’s another blow by the administration that cancelled the 830,000-barrel-per-day Keystone XL pipeline from Canada in January 2021. Now…
The media is spinning it as a win for the Democrats, but losing the House is rarely considered a victory Now that the dust has (more or less) settled from the American midterm elections, let’s take a look at what happened and what it might portend. The Democrats will retain control of the Senate –…
The rest of the world has adjusted to the new reality. Why can't Trudeau and Biden? What is the long-term future of a society that attacks its economic foundation for political gain? North Americans must ask this question. By putting politics first, some politicians in both the U.S. and Canada undermine North America’s core strengths…
The Biden administration has clearly signalled it wants a new Cold War in Asia Under pressure from big business, the Trudeau government has requested to join a U.S.-led China containment pact called the Indo-Pacific Economic Framework (IPEF). The move will significantly affect economic development, peace, and Canada’s foreign policy. The IPEF is the Biden administration’s…
And that will have consequences for the rest of the world
The United States and Saudi Arabia are locked in a bitter battle over oil, CNN Business reported last Friday. And it carries consequences, not only for the future of the global energy order but also for the future world order. Everything is at stake. Ever since the world began growing out of the COVID pandemic…
Washington is not as important to Riyadh as it used to be
In the mid-80s, it is said that U.S. President Ronald Reagan and King Fahd of Saudi Arabia colluded to destroy the oil markets by making it financially impossible for the then-Soviet Union to continue its Afghanistan venture. Oil markets crashed. The war on Afghanistan became untenable for Moscow. The Soviet Union disintegrated, and the world…
Their decisions are based on ideological delusions and imaginary virtue signalling
Do you think you can charge an electric car without electricity? The governor of California, Gavin Newsom and the dozen states that follow California’s rules do, and so apparently does our Prime Minister. All have mandated electric cars by 2035. But the “green energy” they also mandate is incapable of supporting an electric grid that…
A Goldilocks price for oil remains impossible because of geopolitics and macroeconomics
Saudi Arabia has reminded us once again of the power of the world’s largest oil producer. Through Saudi Aramco, a country with only 35 million people controls 11 per cent of global supply. Saudi Arabia can influence global oil prices simply by adjusting output. It has demonstrated this many times. The Saudis also control OPEC,…
U.S. President Joe Biden desperately needs lower prices at American gas stations, especially in a mid-term election year
Speculation is growing about a deal between the United States and Iran reviving the stalled nuclear agreement, letting additional Iranian crude oil enter the markets. But efforts to sabotage the agreement are apparent. The return of Iranian crude is important to the United States for various reasons. U.S. President Joe Biden needs lower prices at…
The Biden administration has done Canada a solid with its buy-North-American awakening. We would help ourselves by reciprocating
Canada’s auto sector got a boost this week – from U.S. President Joe Biden’s administration. Will we be good neighbours and return the favour? After a marathon voting session, the U.S. Senate finally passed a slimmed-down version of Biden’s landmark climate and economic renewal legislation. The U.S. House of Representatives is set to okay the…