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Rich Diaz

πŸ‘€ Speaker
934 total appearances

Appearances Over Time

Podcast Appearances

The Loonie Hour
Energy Superpower? Canada Is Blowing It

That 15,000 number is going to come down even more.

The Loonie Hour
Energy Superpower? Canada Is Blowing It

Catches a stray bullet.

The Loonie Hour
Energy Superpower? Canada Is Blowing It

Won't be able to afford that smoker.

The Loonie Hour
Energy Superpower? Canada Is Blowing It

By the way, you can see examples of this happening.

The Loonie Hour
Energy Superpower? Canada Is Blowing It

So for example, when you have a massively dislocated current account balance like Greece did, and you have foreigners that own your bonds,

The Loonie Hour
Energy Superpower? Canada Is Blowing It

you get squeezed ultimately.

The Loonie Hour
Energy Superpower? Canada Is Blowing It

And so Canada has been able to basically ride this wave of stupidity because we have so much oil and so many natural resources, but eventually the music will stop.

The Loonie Hour
Energy Superpower? Canada Is Blowing It

And so what this guy is pointing out is really what I think we should be focused on.

The Loonie Hour
Energy Superpower? Canada Is Blowing It

There's so many social benefits to this product that we sell.

The Loonie Hour
Energy Superpower? Canada Is Blowing It

They're just trying to keep the car running, Keith.

The Loonie Hour
Energy Superpower? Canada Is Blowing It

We can prove, without a shadow of a doubt, that they don't care.

The Loonie Hour
Energy Superpower? Canada Is Blowing It

Because when they got the TMX and we added 800,000 barrels of new egress, guess what happened to our exports to Asia?

The Loonie Hour
Energy Superpower? Canada Is Blowing It

They started screaming higher.

The Loonie Hour
Energy Superpower? Canada Is Blowing It

And now we sell as many barrels of oil to Asia as we've ever done.

The Loonie Hour
Energy Superpower? Canada Is Blowing It

Because, and none of this, by the way, barrels are decarbonized or whatever.

The Loonie Hour
Energy Superpower? Canada Is Blowing It

They were just the existing ones that just have a different route instead of going down to United States at a major discount from WTI, right?

The Loonie Hour
Energy Superpower? Canada Is Blowing It

That's the Western Canadian Select benchmark.

The Loonie Hour
Energy Superpower? Canada Is Blowing It

They found a new way to market and immediately Asian companies, specifically China, started buying them.

The Loonie Hour
Energy Superpower? Canada Is Blowing It

So we-

The Loonie Hour
Energy Superpower? Canada Is Blowing It

I'll just say, like, we're going to get some pushback for sure about how, you know, emissions are really important.