Rich Diaz
π€ SpeakerAppearances Over Time
Podcast Appearances
That 15,000 number is going to come down even more.
Catches a stray bullet.
Won't be able to afford that smoker.
By the way, you can see examples of this happening.
So for example, when you have a massively dislocated current account balance like Greece did, and you have foreigners that own your bonds,
you get squeezed ultimately.
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.
And so what this guy is pointing out is really what I think we should be focused on.
There's so many social benefits to this product that we sell.
They're just trying to keep the car running, Keith.
We can prove, without a shadow of a doubt, that they don't care.
Because when they got the TMX and we added 800,000 barrels of new egress, guess what happened to our exports to Asia?
They started screaming higher.
And now we sell as many barrels of oil to Asia as we've ever done.
Because, and none of this, by the way, barrels are decarbonized or whatever.
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?
That's the Western Canadian Select benchmark.
They found a new way to market and immediately Asian companies, specifically China, started buying them.
I'll just say, like, we're going to get some pushback for sure about how, you know, emissions are really important.