Pierre Poilievre has written another letter to the prime minister, this time demanding the creation of a strategic oil reserve like other countries have, never mind that unlike other countries that have said reserves, we are a net exporter and not a net importer (and yes, the US is now a net exporter, but they were not always, which is why they have a strategic reserve). The most ironic thing? This is just one more example of Conservatives demanding a redux of the hated National Energy Programme that Pierre Trudeau tried to launch in the late seventies, after the global oil crisis that happened then.
https://twitter.com/andrew_leach/status/2032212730762166778
https://twitter.com/andrew_leach/status/2032122736475337196
https://twitter.com/andrew_leach/status/2031814419584520455
https://twitter.com/andrew_leach/status/2031815720108257417
Of course, part of this has to do with Poilievre’s fantasy notion that such an oil stockpile, along with critical minerals, is going to be how he gets leverage over Trump in trade talks, and that it can be used to bolster allies—but only allies with whom we have tariff-free trade agreements. Never mind that it is unlikely to persuade Trump to abandon tariffs, which he loves. Never mind that he has no plan for how to pay for such a stockpile, and he would need to fund some kind of an oil arbitrage agency. It’s facile, and it’s deeply cynical, particularly because included in this demand are once again the insistence that we abolish environmental laws, because Poilievre has convinced himself that they’re just one big con, and that it’s a bunch of environmental elites somehow profiting off of said laws (because apparently there are no costs to climate change, and it’s all just in our imaginations).
https://twitter.com/coreyhoganyyc/status/2032214070892642460
Meanwhile, the Canadian Climate Institute published a report that says that once the industrial carbon price reaches minimum price of $130 per tonne, that it would effectively add fifty cents to a barrel of oil, in direct contravention to the pronouncements of doom that Poilievre and the Conservatives keep insisting that said price is doing to food prices and the economy. This after certain pundits claimed it would add $20 per barrel, which is of course nonsense.
https://twitter.com/andrew_leach/status/2031860654190281176
https://twitter.com/andrew_leach/status/2032152971174428885
Ukraine Dispatch
Ukrainian drones hit an oil pumping station in Russia’s Krasnodar region. Ukraine signed a joint defence procurement with Romania, that includes the production of drones.
