Why Canada produces so little oil | US Canada relations | oil & gas industry, economy, environment
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- Опубліковано 31 жов 2022
- In this video we are going to understand Why Canada produces so little oil despite having huge oil reserve why can't Canada produce as much oil as the United States?
#canada #usa #oilandgas
Ouch, as Canadian :) I agree that our foreign and trade policies are unwillingly aligned with those of the United States, which became clear during the financial crisis of 2008. My government could have expanded its trade policies with the world, but decided to stick with the United States, which then stabbed us in the back with trade regulations in agriculture, creating a dispute over dairy products, to the point where our farmers decided to label their products "Blue label indicates a Canadian produced" so that we, as Canadian consumers, would buy Canadian products.
Not everyone is as honest as you are man!
Canadian here, Trudeau is a fuckin Stooge of the USA. What a fuckin joke.
It is very difficult for countries that have integrated their economies with the United States. That county cedes its sovereignty to the US. This has happened in Ireland with the double edged sword of inward foreign investment.
Vry well done
US must stop using u ppl i feel bad
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I am a Canadian and believe that we should be using OIL & GAS We should be supporting Canadian Oil & Gas why we should not buy oil from other Communist countries GOD BLESS CANADA THANK YOU LORD FOR OUR RESOURCES
As a Mexican I can only say "I feel you bro" to canadians.
Ya it is difficult to explain anything to anyone who does not live on the border of the last Giant. In that we, Mexicans and Canadians have much in common
All Canadian governments since we became independent in 1967 were and are a bunch of cowards ,so that's why the States control us We need someone with balls to stand up to the bullies.
@@Candid1ify well if things kèep up like this in US we might need a border wall to protect us from them.
@@Madmen604 Been saying that since I was old enough to realize the situation. Now if we could come up with a Border wall that actually works.
@@Candid1ify lol. Seriously you think there should be a border wall along Can/US border i was using metaphor.
I spent much of my career in Western Canadian upstream oil and gas industry for a long time and thus I am familiar with project economics for exploring and developing oil production projects in Alberta (most of the new oil production in Canada is from this province). Based on my background, I would say the following are the reasons for the current level of oil production in Canada:
(1) Low profitability per barrel of oil produced is most important reason. Much of (new) oil production is from "oil sands", that is, from relatively shallow depths, sand mixed with crude oil either mined and processed (similar to coal mining) & upgraded (made lighter by adding hydrogen) or by injecting steam into the ground - both of these processes are expensive (requiring high capital and/or operating cost inputs). These heavy (low quality or sour) oil gets only highly discounted (or much lower than the the standard WTI or West Texas Intermediate) price in USA. Typically (not be taken as "carved in stone": these numbers depend many factors that go into any given project), the oil price forecast (as discounted in Alberta) needs to be stable at a minimum of about $60 per barrel (i.e., WTI price approaching $80 or more) for about 20 years (going forward), if you would like to make some decent profit on your investment in oil projects in Alberta.
(2) This heavy crude oil needs to be transported over hundreds of miles of pipelines to refineries on the US Gulf Coast (Texas) for consumption by US transpiration or to be exported. The pipeline capacity is currently full and any additional pipelines to there (Texas) be built are subject to US federal government approvals and state regulations these have become hard to come by in the recent past.
(3) Environmental activists in USA, Europe and Canada, some Canadian provincial governments (such as British Columbia & Quebec) as well as many Indigenous peoples in both Canada and USA are opposed to any new new oil production from Alberta oil sands projects and building pipelines from Alberta (Canada) to US Gulf coast or Canadian West Coast (e.g., Vancouver) or East Coast (e.g., Halifax). Some of these special interest groups constitute their voter base in their respective countries (states/provinces) and so they have considerable political influence, despite a high degree of (costly) environmental protection or mitigation measures are built into these projects (relative to other jurisdictions in the world).
(4) In view of the above three issues, investing in any (new or even existing) Alberta oil (sands) production is considered to be relatively risky. Thus American and European investors, companies and institutions (upstream oil and gas companies etc) have walked away from level of new capital investments that are required to grow oil production to much higher levels in Alberta or Canada.
We need to wait and see if the needle will move sufficiently on some or all of the above variables, in view of the new geopolitical and oil price environments that we find ourselves in 2022.
Great comment. Too bad the video missed some of these finer, but crucial, points to understand.
Oils sand productions in Canada are an environments disaster for the whole Canada for centuries if not thousands of years to come if they continuing its.
Saskatchewan and Alberta should be the Saudi Arabia and Qatar of Canada. We have more then oil and gas to offer resource wise then the two nations I just mentioned. Our citizens should not be experiencing poverty in any form. Our health care and educational systems top of the world.
Who keeps us poor?
Who is our landlord?
Who owns all land and resources in Canada?
Who do new Canadian immigrants pledge allegiance to before the laws of Canada?
Who's Interests does the Canadian Anti-Terrorism Laws Protect before the laws of Canada?
Which English Royal Family member is a founder of the World Economic Forum?
@@kellywills5852 touch grass Kelly 😂
Canada is in a very difficult circumstance with respect to their oil and gas development .
1, Canada is ranked in the top 5 in Co2 per capita emissions.
2. Americans buy 100% of Canadas exports and own the pipeline and refineries and dictate the price
3. They want Canadians to pay for the east / west pipelines which are very expensive due to terrain they must cross.
4. American oil companies do no want Canada to have alternative markets for their. Oil and natural gas
5 Politics..oil producing provinces want lax environment laws Federal Govt wants to meet their climate change commitments
6 Canada already produces 10 times its own domestic requirements and can buy imported oil from US ..by using American refineries .
7 the oil industry has decided that the building a gas pipeline to the east coast is not financially feasible because of cost involved .
8 it’s easier to continue selling Canadian natural gas through the existing American pipeline and LNG facilities rather than building new pipelines or LNG facilities
The legend is back to expose western hypocrisy
because there is no asian hypocrisy to expose 🔥🔥😂
it would help if you understood western reason first .
The American left has their head so far up their ass , they can see crude oil and gas too !!!!
As a distraction from Asian corruption and hypocrisy
@@rickfool1452 asian country can't lecture west fir human right or democracy and other
I am from Canada 🇨🇦 not that makes me any expert but I would guess it's an america strategic resource. Let's hear what Amit has to say because he's amazing!
I would like it to hear , was he right?
Are things like this on ground zero?
Thanking in advance.
So U dnt knw much abt ur own country i thnk first u shud undrstnd the ground level of ur country n expect Amit sir to anwr to watevr that is
The country which allows immigration and provide jobs to other country's citizen too ,is always great country..& that's canada
@@sunintheeast3881 that's why I love amit takes on the world, he's one of my favorite teachers
@@ramg658
You must be kidding .
"the US has the most robust economic system, as of now" - the pause before the "as of now" says a lot without saying.
You beat me to it
Yup.
He knew his viewers will get this hint.
😂🤣😂👏👏
We live in hope.
@@tadhgcronin175 "We live in hope"
When USA dollar will no longer be the World reserve currency, then the Chinese yuan will be reserve currency, NOT the Indian rupee. What advantage would India have if Chinese yuan will be the World reserve currency?
@11:08: I second you Amit sir. They literally come up with statistics. As rightly said by Aaron Levenstein(US economist):
"Statistics are like bikini. What they reveal is suggestive, but what they conceal is vital"
😂👍
Bikini facts 😂🤣
"Invisible line between us & canada"...what a statement to depict the relationship between us & canada
Kind of like the invisible line between Pakistan and India.
@@drmodestoesq oh it is very visible
@@drmodestoesq Bro the ind-pak electrified fencing is even visible from space.
@@drmodestoesq that line is visible even from space.
@@drmodestoesq My biggest regret is that India is such a democracy and party oriented country, that there exist no Deep State, unlike Nevada-Pentagon based after ww2 era created Deep stated of US. Since US is in business of creating such inner layer of the 1% + dooor opportunity for absolute capitalism with invisiblecloak called liberal rules, it thrives. But, if we seethe CIA operations of toppling governments and creating controlled rogue deep states then Pakistan is their biggest win till date.
Hence my dear, your observation is flawed - their is nothing invisible relationship between India and Pakistan.
You missed one big reason: The USA instituted a North American Energy Policy back in the 50's and 60's, that forced the Canadian Governments to follow the USA's wishes. If the USA says it needs the Energy, then Canada has to send it south. That includes electricity as well as oil and gas. There is some suspicion that this applies to other raw resources as well.
In the 50's Canada was creating a Trans Canada Pipeline, that was to end on the East Coast Refineries. The Eisenhower administration forced the Diefenbaker Government to stop it at Windsor, because it would have allowed the Canadians to sell refined products to Europe. This forced Canada to import oil from Venezuela, for refining for East Canadian Provinces. While the bulk of the Western Canadian Gas was diverted south to American Markets.
Yeah, the greens literally are preventing the development of the canadian gas industry, much to the detriment of Canadians and benefit of Americans.
this is what he stated, although without the details. Big Daddy USA controlling the policies of its vassal states like Japan, Germany, Canada, South Korea and even Australia to some extent. And exporting its inflation to the world by mindlessly printing money and buying products for free using its military complex by forcing the Middle East and others to accept the dollar standard for everything.
If there was no military industrial complex of USA actively creating warzones, the country will most probably not exist due to its way of handling things and lifestyle!
That's fd up man
Damn
So basically Canada is USA's b*t*h... How can they be world leader is beyond my understanding....🤯
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Western world simply want to drain down middle East oil reserves fast so that they can dictate oil prices at a later stage 😂
Jab tak drain hoga tab tak green energy pe switch ho jayenge
So it would seem. But that would have to be a failing strategy - because the cost of oil-extraction in Canada's north is way too costly. Saudi's extraction cost per.barrel is ridiculously cheap compared to Canada's dirty crude.
The premise of peak-oil will still occur, even though there is still a lot of oil in the ground.
Crude oil and gas are products from mother earth molten iron core deep. It can't be estimated that it would be drained after some yrs or decades.
In Russia, few yrs back, a oil digging company suddenly found crude oil started coming out, which was abandoned long long ago.
Nobody knew the real reason why it stopped few yrs back and now it started showing up.
It's the gift at that region where crude oil was present below that ground.
That hurts 🤕😂😂😂😂
this is too much truth my friend. saudi production facts are distorted i think to give opec more leverage. there is so much oil on earth that we know about... as the earth warms, especially since its in the north hemisphere (south hemisphere is cooling actually), more and more oil is being found. russia is capitalizing on this but canada is held back. the comparison to norway has been made, canada could be a very rich country if they could export.
The US and canada needs to crash oil price.... it is the only way to stop russia, and its how russia was defeated before in 92. so many fewer people had to be hurt this way than war. drill drill drill i say, and export export export. LNG is going to be big for canada, and ukraine war is helping this come sooner. almost all LNG ship builders are not willing to build for russia right now.
Norway has oil and lumber which made Norwegian one of richest nations in the world. On the other hand Canada has both too but both of them are suffering.Why? It is because of too much American companies influence and greed.
In Norway's case the north sea oil fields are finished. However, Norway's government made wise use of the revenue received from those years of oil production - literally gave it back to the people. Canada is, sorry to say, a big dumb buffalo, just a beast of burden for US corporate interests. It's a rich resource based economy but gives those resources away for a pitance, in raw form. Example is selling Japan lumber so it's huge floating paper mills sitting in international waters off the coast can make paper,sell it back to Canada and dump all the waste from production so it ends up on Canada's western shore-line.....no very bright.
@@songsabai3794 Canada tried doing what Norway did the Americans stoped them
Norwegians are the natives of their country.
Canadians are just occupants who are leftovers of the British Colonization of North America.
Karma is getting them back for their crimes against Native Americans.
then dont go US. DONT APPLY AS A CALL CENTER AGENT, DONT GO TO US TO PRACTICE MEDICINE! STOP SUPPORTING PUTIN!
Norge--- independent in a way Canada is not since 1905... the odd speedbump like the Germans in 1940... but that got fixed PRONTO !
I love your fascinating videos, political perspectives and pleasant voice. I'm so grateful that you offer your perspective on events in Europe where I live, the Western world and Russia. Plus also new and interesting topics related to India and Asia. Thanks for your work!
Except it's misinformation.
The US only produces 12 million barrels of crude oil per day which is what gasoline is made from.
His figures of 18-19 million barrels per day is of ALL petroleum products which incmude ethane, butane, propane, NGLs, & HGLs which you can't put in your gas tank.
He’s a card carrying racist that hates white people.
Fascinating. I am always blown out by your videos. So detailed, crisp, straight to the point. Full points for finesse 💯
Why Canada produces so little oil? Ask our Southern Neighbors why?
Southern Neighbors means?? who are they?
@@amplelist5554 the country underneath canada
southern Neighbors: Because we need more Canadians to make maple syrup and leave the capitalism to us.
@@aditchak Capitalism In The US?
That ain't capitalism. Rather a Plutocratic playground of ego centric Western Cabal Stakeholders who want to own it all. You will own nothing, but you will be happy!
@@GlobalResistanceCoalition yea well. we are bunch dicks but atleast we own it. Believe in NATO!
@10:22 Dil ko thandak milegi sunkar ❤️❤️
😁😁😁😁
liberandus ki jalegi 🤣😂
Wow. This is probably the most cherry picked collection of "facts" about Canada I've ever seen.
Yes, this video is stupid. Of course Canada is a sovereign country. They can export crude in tankers. If they wanted to, they could invest in arctic infrastructure. Does this Amit guy think that the US bought Alaska from Russia with the Trans-Alaska pipeline pre-installed?
@@chx1618 yes that video is a little unrealistic. Ok ties with USA, ok greens but....
Hahaha mad about facts ...classic Canadians.....btw change that fool Trudeau
@@indusingh2013 look i don't know why also Trudeau was on my hacked profile and yes I was reading a little....but never I could elect him.
And I am not Canadian, what means? Or the vote was currupted or the most are really stupid.
I live in Alberta, Canada, and, I worked in the oil industry of Alberta for years. This video is absolutely brilliant. There is a LOT of accurate information presented here within a small timeframe. Excellent summary. Wow
"Canada only exists because the United States allows it to do so"🤣🤣🤣🤣
Canada is forever a colony of the 🇬🇧 I'm looking to see the king's face on your coins 🪙
I mean technically speaking if it wasn’t for the US losing the war of 1812 then Canada would’ve just been incorporated into the US
That's body slam, it's worse than a punch so to speak 😂😂😂, he didn't sugar coat.
It’s never about oil reserves, it is about economic extraction rate of the reserves. Tar sands is profitable at $55 or higher, also requires a lot of investment.
True
True. This is actually the biggest reason.
Canadian oil sands was built.During .The big problems in the early seventies. When OPEC cut production.Them oil became very expensive.When trouble started Oil sands started.This is why Canada's supports U.S. in any wars with big oil producing countries in middle east.This keep oil high and the Tar Sands up and.Running.The more unrest in the world. The better for Canadian oil.
Thanks for your to-the-point work!! Excellent!! Keep the good work up!!
You've answered a question I could not find the answer for! Great work.
Great video, packed full of content that is rational and logic. Much appreciated, thank you!
As a Canadian .I completely agree with the Video.The biggest reason is Oil & sand. The cost to purify the Heavy oil is huge .Thats the reason you will find price the crude oil price in Canada is for much lower than that of US.Also the most refineries you find in canada refine the heavy oil to bituminous oil(tar).Hence you will see Canada import oil from other countries like Saudi Arabia.
Hii Amit thanks for this detailed knowledge about the "why" west is unable to cope up with the challenges. If possible can you make a video on China's economy. Lately I have been reading and hearing that it has collapsed or on the brink of collapsing. Is it really or just propaganda.
True, would love to see his angle and simplified explanations on this topic too. There's so much to unpack from:
- The property market "crash"
- Government banks withholding people's money
- China's water crisis
- Population crisis
- "Lie flat" or "Let it rot" philosophy amongst the youth
- Zero covid policy
- HSR projects that are costing the country millions per day (and other flashy infrastructure projects like giant bridges and dams that also provide little to no returns)
- Belt and road initiative project debt forgiveness
- Xi Jinping's third term and consolidation of power
- Restricted access to chip technology from the US
and sooo much more
It's propaganda. They are gonna remain on top forever...
Only problem going on is a bit of political instability
See video of think school
Pure Western propaganda. Typical US media exaggeration, deflection & projection.
I am a 71 year old canadian living in alberta. We pay as much for energy as europeans despite being in an oil rich area. Canada is a usa vassal state like so much of the world. We are a mouse living next door to an elephant. So canada has to be very careful.
Can you make a video about why BoC sold all of its gold?
Canada had to choose between Oil and Maple Syrup
😂😂😂
LoL this one is a Based Comment.
😂😂😂😂
They choose syrup🤣
...interesting point since the issue has always been a deep & bitter struggle between the East-maple syrup (federal gov.) and the West-oil (Alberta oilsands).
🤣😂🤣🤣🤣
Deep and fruitful analysis
Excellent insights, thank you. In my view, problem is also commercial. What you call Canada's oil, is called bitumen in Alberta. Something so ugly normal people put on roads. Sinks in water, high in S, N, Fe, Ni, Zr. 65% aromatics. Only a few refineries in the world can run it - those built for it. The kit you need is typically delayed cokers. Only one such refinery exists outside the North America - the Reliance in India. To ship, it must be cut with some light stock, else it is solid. The U.S. refineries, that can chew on it are all pretty much full. Which means, if you want to sell more, you must first turn it into a lighter oil called SCO - synthetic crude oil. Which is, to build an upgrader. There are about 8 of them and all of them ended up with huge overruns and completion delays. The last of them, Shell Heartland.went into detail design wiith $4.8 B price tag, only to cost $13B at the end, and 7 months delay. Therr is no appetite among investors for such debacles. Now add all hurdles Ottawa Leftards and their NGO mob throw in. Project risks are just too high. Before going back, we must first go through uttter failure of the green utopia.
Excellent Insight.
You work in the industry ?
So it was do to the logistical and economic complexities of the nature of Canadian oil resources? Not due to American influence?
Well, that contradicts just about everything in this upload.
I think you are the smartest man I've ever heard. I love to hear your podcast.
Canadian energy production could meet all of America's needs.
The refineries in Louisiana are designed for heavy crude. Political corruption prevents this.
More than half of Canada's population live in between Toronto and Montreal.
The issue is Canadian refining capacity and extraction costs
When oil prices remain low capital will not be invested in the oil industry
This is an old story for us
Generally we enjoy partnering with the USA but as with any relationship there will issues to be dealt with on an ongoing basis.
It's like a toxic relationship. You know it's bad but the sex is so good, that you keep coming back for it
This is literally the only reason. Almost everything he said was nonsense. Since Canadian shale has higher extraction and refining costs, they essentially stop pumping when oil is below ~$60 USD a barrel. If Canada had nothing but light, sweet crude, they’d pump nonstop because it would be profitable and they’d tell the environmentalists to go to hell.
You are talking from micro level. Think macro. Why is there an issue in refining capacity? Why is extraction cost high? Isn't America extracting shale profitably? There must be some bigger answers to these question. Those answers are provided in the video.
@@peterhumphrys Wait, what? 🤔 Did I even say anything that contradicts what you said? Are you nuts or something?
@@PRITZ060191 okay I withdrew that comment for lack of clarity, and yes I could be nuts, but for some reason I take severe insult with the creator's comments about our national differences and how "Canada listens to the United States in every aspect" and that we do not have our own sovereign foreign policy.
Like really, who the f**k do you think you are trash talking our country?!?!
Did you see Canada fighting in George Bush Jr's war with Iraq?
No you did not! Nor did you see France there either!
Moral, if there is one, be careful of recommending creators who insult other nations, while purporting to explain economic issues, otherwise expect a lot of push back!
So many people around the world do not seem to understand the differences between Canada and the USA, I am not going to explain even the rudiments here, but I expect you to do a bit of research on your own to start figuring out the diffences. Our ancestors did afterall fight a very nasty continental war here with each other from 1812-1815 which was in many ways a continuation of the American Revolution, in other words, Canada in many ways represents the losing side of the American Revolutionary War, we are a parliamentary monarachical system while the USA is a Republician system based on Roman rather than Greek "democracy".
I really enjoy, you're thought process sir jee.🙏🙏
Interesting and well thought out.
If Singapore had Canada's resources, it would be leading the world by now. Unfortunately, Canada is not Singapore.
Only reason why Singapore is a developed country and has good numbers in some indices is because it is so small. It's smaller than many cities. The smaller and area, the better administered it is. Small and sovereign is the key to development. Unfortunately, it is difficult to replicate it at a decentralised level for a huge country.
@@vladimirputin8495 No , man. Otherwise all the island in the world would be so much developed and many african countries too. But it's not.
Basically US owns them
...51st State! 😁...unofficial of course.
If US feels they own Canada, Canada must have a great foreign policy, hopefully it's independent enough to not get into trouble.
@@trinitybricks9522 yep iraq had a great foreign policy. US owned them too 😂
@@govindjayakumar What great foreign policy did Iraq have, can you be specific.
@@trinitybricks9522 arre mahanubhav aap idhar? Bilkul chup rahiye.
Video well done and great information
Thanks for making me understand what I found confusing...
There is so little we know about environmentalist oil trade profit and products
Sir, one question. Since the time I've started watching your videos, I haven't come across even a single ad while playing your videos on UA-cam. Whereas other non informative videos with crappy content are buzzing with ads to the annoyance of viewers. Is it a choice that you've consciously made? Or is youtube doing it to reduce the revenue of real knowledgeable persons like you who breakdown the secrets of politics and throw light on the real truths?
Whichever be the case I would like to express my gratitude for the informative content that you bring to people like me. Keep it up! 👍
I get ads on some of his videos, probably some of his videos are getting demonetized and others arent
I think his videos get demonetized frequently.
Maybe you have an adblocker installed in your browser?
I too have same experiences. No pop up ads on Amit's releases
@@adarshchandgude1044 No, I watch videos on UA-cam app and not on a browser. And NO, i don't have an ad blocker. I just asked this question to know if I was the only one who noticed this. But apparently the answer is very clear. This guy is a gem and he needs all support he can get to make such good content.
I think a main reason is that it is expensive to harvest the oil sands oil so they don't like to do it when prices are low as it is not profitable.
This is so good. Actually all of your videos are so good :-)
Very well thought out podcast.
You are just too good with your thoughts also for your passion 😁
Norway has gas, oil, wood and huge sovereign fund.
Canada has gas, oil, wood and huge foreign debt.
Why ? Because we own nothing
All resources are sold off to the lowest bidder ( meaning for a few paltry dollars royalty ) and a few jobs.
Norway has a population of 5.5 million people. And it's also an ethnostate who's people trust the government.
Very informative content, Amit. Thank you.
Very informative Dada.
I love your thoughtful opinion on my country and how in depth your analysis was on our political, cultural and social fabric. That was sarcasm to be clear! Also to be clear, not far off, but basic and simplistic to be sure.
It was Mulroney (PM in the 80's) who shutdown the refineries in Western Canada and was right after the National Energy Program was implemented by Pierre Trudeau. It was a 'double-kill'. Canada's population is slightly more than the Saudis and if it wasn't for the Rockerfellers, the Saudis would still living in mud huts. If the 'double-kill' never happened, then Alberta would be like 'Texas' is in the USA - powerful, everything big, cowboys, rich and having way more oil and gas 'to boot'.
Trudeau shut down the oil refineries? Name me one oil refinery that Trudeau shut down.
The Oil Sands was started because of opec They cut production and that lead to a spike in a barrel of oil.That make it profitable to operate oil sands.This is why when you see The explosion of The North Sream Pipe line and war with Iran over the Gulf of Hormize.That is great news for the oil sands.This rises the price of oil.Oil must stay above 65 dollars a barrel.For oil sands to survive.
Good informative video
Every high quality video after a long time Amit!
Canada has to listen because we have the monster in the South. We know if we don't listen to the monster it will hurt us it's like a woman being in an abusive relationship.
haha...but she secretly loves the abuse! 😁
What? America is completely divided on the subject of the Keystone oil pipeline. Trump was all in favour of it.
kinky. but grow a pair and be the people you were back in 1812.
Is uncle Sam abusive poor justin Castro
@@songsabai3794 she doesn't necessarily love it, but to be able to live she has to tolerate it.
Another great presentation! Canada does have two really good options to export more crude. One is the Keystone Pipeline and the other is the Alaska 2 Alberta Railway. On a side note Canada is only in Part controlled by America, the Imperial side of it. The other part of Canada is controlled by the British. The whole reason we have a divide in America today is because we are still half controlled by the English. 1/3 of the population loyal to England after the Revolutionary war did not just up and leave not to mention all the immigration after. The Founding Fathers warned of this after the war. All Presidents who were “taken out” were on the opposite side of the English and fought against them (every single one). They have a leash on us and it is called the Leftist and Elites. There is and has always been 2 Americas within the USA. 1 of a Republic of which we were planned to be and 1 of an Empire of which we are fighting.
I agree with Canadians population being loyal to US, but it's weird to believe Canada is still being controlled by British even to this day.
@@prasanth2601 The British monarch is still Canada's head of state.
@@luddity That doesn't mean king Charles oversees Canada's internal and external affairs right. Like Japan have an emperor but he doesn't have any power.
Absolute BS.....I am a Brit.. and a Canuck living in Canada and know this is BS.. USA heavy leaning but it is the elephant in the room....eh wot?
@@luddity A tradition with no power but good for tourism.
Yes, very good explanation.
Amazing analysis it’s what I was looking for!
Thank you for your Analysis Mr. Amit
You didn't differentiate enough on Québec's distinct national qualities that often put it at odds with the rest of the Canadian federation. Also note that Québec is culturally unique to the rest of the continent compared to the remaining Anglo-dominated continent. In Québec we don't have much oil but we have plenty of hydro-electric power so we aren't as prone to support dirtier energy sources or pipelines.
Thank you for adding to the information. Video is made for Indian audience and students and hence prone to missing out on finer details but comments like yours adding to discussion make reading comments worthwhile.
But you have no moral problem buying oil from Saudi Arabia and the rest of OPEC which presumably isn't as dirty at as Albertan oil.
And you have no moral problem in getting 10 billion a year in transfer payments from those dirty Anglos in the rest of Canada.
@@drmodestoesq Tangential comment but if there were morals in International politics then USA's petro-colonialism would have been halted long ago due to human rights violation, countries making sub optimal deal than what today is made, International court of justice would have meant something and much more.
@@drmodestoesq none of what you are saying remotely changes what I said. In fact, it is evidence of the cultural divide and often hate that English speakers often have for the residents of Québec. I would probably guess a Western Canadian based on the comments regarding oil. Someone either related to, works in, or benefits vicariously from the oil industry. Québec wanted to become (some still do) a nation for cultural and economic reasons.
Alberta only started promoting separatism for their province after they felt the federal government didn't help them enough. They love to denigrate Québec and selectively promote convenient facts, while omitting important truths. The simple truth is Alberta didn't have the resources to start up all their oil processing abilities until the federal government (by extension Québec with its profitable hydro-electric power) provided very sizeable subsidies. Once they started making a profit, they quickly (and conveniently) became arrogant and thankless. To contrast the help Québec got to build up its hydro-electric industry didn't even come from the Canadian federal government. We instead had to beg Wall Street in America for loans. All details that this commenter doesn't probably know or care to acknowledge.
A number of thoughtful comments here about why we don't produce more oil. I'd say one big reason these days is that our oil is landlocked. So long as environmentalists and others loudly object to and prevent new pipelines so we can get our oil to market, we will never be as big a producer as the US. As a result, we drive around in our big pickups and SUVs, consuming Arab and Venezuelan oil in the east while we complain about how much Alberta and Saskatchewan are contributing to global warming.
Thank you.
Another great video! Thanks! 👍
Jai guru master piece of video keeping going up sir good evening sir 🤟💯🙏🙏🙏🙏💯💯😍😍🤟❤️🦋🖖👍🤘💕🌺👋🔥🔥🔥
Whoa - emoji overload
@@michaelashley2855 thanks a lot for your respect okay try to follow your suggestion bossss 🙏
Thanks for the high quality insight
Thank you!
Damn, this dude destroyed Canada😂
No..not fully. Very little.
Pfffttt.....Is that why people from all over the world are moving to Canada?
@@archanajha4458 we should point out the hypocrisy of West in every stage
if you actually look at the evidence you would realize that most of the stuff that he is saying about Canada is false😂
Sir you are a cold blooded roaster😂😂
Excellent analysis
I am in Alberta This is an excellent analysis.
In this case the people who wanted the Keystone XL pipeline were the hypocrites as they didn't want to run it through their own neighborhood and instead tried to run the pipe through native burial/water lands of water protectors.
Nonsense terms
The pipeline is hundreds of miles long and crosses several states, any of a number did not want it for a variety of reasons. Most lt was Washington change in control. Every parcel has to be agreed on thousands.
If only the 'allies' of the USA had the common sense to actually look at the benefits of their own people over the wishes of the political-corporate overlords in DC.
Well said Amit
Thank you, Amit...
Love your explanation sir.
Amit ji your voice is so soothing that even such a subject like oil production and geo economics becomes musical. Thank you for explaining so well the multi layered factors in this issue!
Don't go by his voice.. Understand the topic.. Lol.
I love your perspectives man😊
I wouldn't say Canadians are the same, but certainly similar to the US, especially in the central areas along the inland border. But for example obedience to government and trust in governemnt seems more common in Canadian. Things might be a little more oriented towards government, rather than to business as in the US. Another matter is that a significant portion of US citizens serve overseas in the military, and this experience influences US culture.
Looks like Canada is playing safe..
Lets be careful about the power of the environmental activists power. In the US and in France I felt like they only have power when someone in the state government want to give it to them.
1) If they had so much power on their own, we wouldn't have fracturing in the US. In France we didn't even have discussion about fracturing, the government decided no fracturing before eco friendly people could go out in the streets and ask for it.
2- A lot of environmentalist seemed to have so much power here in the EU in order to make the countries "shut their nuclear power plants" and they did until we discovered :
a) one of the association came from the US with false datas on the matter of clean energy . And so much more.... People are wondering how much does these NGO's had to do with the US government. That was when the US were very much developping their gas industry
b) the government followed on much easily...
c) at least 2 or 3 biggest european energy companies (Alstom , Arabelle, siemens, ...) were FRAMED by the US since 2010 in order to be bought and for some part dismantled: french people from the companies ending in high security jails in the US, paying billions for...corruption facts they didn't even seemed to know about (the framing). The governments here don't even talk about it like they can't. Only parliament people discussed during their seatings and tried to find solutions to what they called a big robbery from their "ally".
That's exactly how France came to shut down half of it's nuclear power plants, giving shitty excuses to the population, and today we can't do the maintenance on our own! Part of the industry is gone to the US
Very depth information. Thanks for sharing.
It'd be great if an insider wrote a book ( as partial as it would surely be) about the American attacks on these companies, so strong attacks that they even imprisoned white and very privileged people from wealthy nations, the kind of people that never goes to jail, especially in America.
Such book would expose the true totalitarian nature of the American government, which makes clear to everyone that its laws and courts rule the whole world, flat out violating their freedom and independence. The current world is in much worse conditions than in all previous times, under a worse system than old style colonialism, everything ruled or threatened or attacked by the USA. But the USA is never responsible for the well-being of any population other than its own,...and it does a horrible job with its own population.
@@Nowhere-from So much of these problems were dealt with the secret services.
A very simple guy from Alstom, whom they asked to spy for the US inside Alstom, first called the french ambassy and his company despite the US recommendation, then went to prison after refusing to cooperate unlike some of his collegues. He was sent back to france after 1 year in Rhode Island high security prison and long before the US would tried him in Court. After 3 years, they tried him...that was the 1st time in 40 years since the existence of this law , and said he had more time to spend in jail. Then France tried to discourage him to go back there for the prison before he tells the whole story or else they were scared he wouldn't get out of there alive. The parliament in France was looking to question this guy when trying to find a solution to these cases. The guy wrote a book (I haven't read) before going back to the prison.
Then he came back and created a society that try to protect international european companies for being framed and robbed by the US government.
It's the only state I know that does such a thing, like noone has any choice but deal with them.
That's why I am wondering how does Europe keep bending the knee and licking the foot of this country: they really must have something very big against us
Great points
Brother that’s heart breaking big ppl do evrythng by their own in the name of Nato N white US is taking evrythg frm all white countries
Sir if you can provide some notes on geopolitics, it'll be vey helpful.
Very logical analysis 👍
Pushing the algorithm ❤️❤️
Once again the child like over simplified explanation dominates, how about a video explaining how no pressure group or social movement has ever been organic, and who is funding green eco lunacy and to what end?
It's to make us poor.
It is the Secret Cabal that Rules the World.
There are actual Trillionaires in that Cabal.
@@goodvibes6715 for a secret cabal they're not being very secret in fact they're operating in broad daylight right in our face with very great power to scare everyone into never naming them
@@jean-pierrefernandez2460 Yes but it will be called Secret as the Mainstream Media doesn't talk about them.
Because they own the Mainstream Media.
You and i know it, but unless these trillionaires are spoken about in the Mainstream Media we'll be called 'conspiracy theorists'.
It's really interesting
please give info or suggest where to look for data on canadian oil refining capacities and annual production. how much of oil refined in canada is also produced in canada, etc.
USA is like a person who isn't being heard in its own house and expecting world to hear it
Can you do a video on the price cap mechanism the west is trying to implement on ruussian oil?
Yeah. I would love the precise and concise Amit analysis on that one.
That's very very interesting.
Good
As a responsible adult, I horridly laugh at some of your "western hypocrisy" punches..... Nicely done sir, fan from The Philippines.
Great Explanation Sir....
After week new video. Waited a bit.
If the western countries doesn't want cheap oil
We SEA wouldn't shy away to that opportunity
Can you explain right ecosystem?
Bunch of dumbs that's all Right ecosystem
Because your so funny I will listen more lol Canadians love you btw good job
How could u say that after the crap he says about Canada. I was completely insulted
Excellent video and awesome information. Amazing. Thanks 👍 for producing wonderful subjects.
At current consumption rate, how many years can world consume rest of available fossil resources 🤔?
100years even more
The real question is; how much oil will remain in the ground when peak-oil is reached?
@@songsabai3794 The tar sands have close to a trillion barrels in them.
@@drmodestoesq Yes, and a big chunk of that is buried in Saskatchewan, where there has been a zero move towards development.Trillions of barrels make for a nice Cinderella story, but the tar-sand will likely remain the Frog for a very,very long time. The resource is simply too expensive to extract on any current economy of scale. Therefore it will remain in the ground - discovered yet untapped while the easy accessible oil from the desert runs out.
Our trans mountain pipeline will send Alberta oil to Vancouver on the coast for more shipping of oil. It was being blocked by so called foreign environmental group like the Tides foundation that is supported by Americans who run the railways and others in Texas that don't want us to sell our oil to others. If it can only sent out via Texas it is discounted.
Thats not true....environmentalist greens in BC oppose oil pipelines. Nobody in Texas stops canada from building a pipeline
And where do you think the vast amount of money these groups have comes from?
Good 👍 ❤🎉
What about NAFTA? Was the latest amendment good/bad for Canada, Mexico, or US? Thanks
I like what Putin said on Greta Thunaberg
Ukraine only exists because Putin and Russia allow it. Oh....wait...how's that working out for Putin?
And Justin Trudeau. Putin refused to speak with him as he is not the head of state, king Charles is !!!