Trump announces major Venezuela oil deal, and what it means for Canada
The timing of this, in the midst of a major trade dispute between Canada and the US, as well as the impending Alberta independence referendum, if likely no coincidence. Trump may have just played his trump card, as it were. If our biggest customer of our most valuable product no longer needs or wants it, what are we to do?
A look back at the Keystone XL pipeline drama as Trump touts its potential revival
Trump boasts Keystone XL as trade talk win. It’s not clear it was ever off the table.
N.S. premier says U.S. trade dispute a ‘wake-up call’ for economic diversification
Posted on Donald Trump’s official Truth Social on Tuesday night:
“I have paused the 50% Tariffs against Canada, that were scheduled to kick in tomorrow morning for a three day period, based on the fact that Canada and the U.S.A., subject to the finalization of documents, have a DEAL! The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from the grave! Thank you for your attention to this matter. President DONALD J. TRUMP”
Here’s what it means for Saskatchewan and the oil industry:
Trump says trade deal reached, and Keystone XL “May be awoken from the grave”
Pipeline Online Podcast is now on Spotify
Sometimes, when you’re a one man band, it’s hard to find time to play the trumpet while you’re also playing the tuba. And such, it has taken much longer than it should have to get the Pipeline Online Podcast connected with Spotify in such a way that included the video.
It only took about 20 hours to upload the back catalog.
Also:
The good professor wanted me to print a rebuttal. So I did.
Op-Ed: Brett Dolter: A rebuttal to coal analysis by Pipeline Online
and
Pembina Pipeline says West Coast pipeline stake fits into its broader strategy
Digging deep: Smith and Ford announce Northern Shield Energy Corridor pipeline
Call it Energy East 2.0, but kinda sorta, not really. There’s no Moosomin on-ramp like Energy East. It doesn’t make it past the Quebec border, yet. But it could possibly have offshoots to Churchill and maybe James Bay. This is the Saskatchewan perspective story on this pipeline
Also:
Finding a side hustle on TikTok, young Estevan man brings old headlights back to life and saved me $493.80
TMX 2? Trans Mountain 3? West Coast Pipeline to parallel existing Trans Mountain route, foregoing northern ports. In a case where going with the devil you know, the newly proposed West Coast Pipeline is expected to follow most of the Trans Mountain Pipeline right of way – you know, the one that saw TMX go from $7.5 billion to around $34 billion.
Yes, I did stay up until 5 a.m. writing this.
Mark Carney’s video: Forward Guidance: Canada’s Energy Future
If you listen to the end, you’ll hear Carney essentially say Trudeau’s policies don’t work today.
International Brotherhood of Electrical Workers respond to NDP coal position: “A deliberate misrepresentation of costs”
It turns out if the NDP wants your job to disappear, they don’t get your support. Imagine that? As in, if they want your house to lose half or more of its value, you to lose your job, and would rather spend money on gas from Alberta or wind and solar, what would you think?
—
Wait, isn’t this how it was done before?
Feds want pipeline projects reviewed by energy regulator instead of impact agency
Also
Pipeline company Enbridge unfazed by rival oil shipping projects
Supreme Court rules for Michigan in its fight to shut down an aging energy pipeline. This pipeline moves a LOT of Saskatchewan oil.
Enbridge gets federal approval for $4B natural gas pipeline expansion in B.C.
What you need to know about the new Enbridge LNG pipeline approval
Nova Scotia Premier Tim Houston says fracking opponents are drowning out other voices
Brian Zinchuk: LNG, the NDP’s electrical plan and Spaceballs
End of series on NDP’s electrical plan:
Digging deep on the NDP’s “Grid & Growth” plan for Saskatchewan’ electrical grid, Part 3: Wind, Solar, Storage, Transmission & Interties
Digging deep on the NDP’s “Grid & Growth” plan for Saskatchewan’ electrical grid, Part 4: Governance, Labour, Carbon Taxes & Rates
SaskPower minister responds to NDP Grid and Growth Plan
Also:
SaskPower and Bruce Power sign memorandum of understanding to inform Saskatchewan large reactor technology assessment
Frontier Centre for Public Policy: Lee Harding: Canada is losing billions by holding back its oil and gas industry
Brian Zinchuk: Place your bets! What will the oil price be due to the Iran war?
I’m guessing oil prices are going to shoot up really high, in short order.
I just got in my inbox this morning:
But there was “No business case” for Canadian LNG. Or Energy East, for that matter.
Also:
AtkinsRéalis’ Case for CANDU Part 2: A Canada-wide fleet purchase?
On the topic of nuclear power: Mike Harris, former premier of Ontario, will be talking nuclear power generation on the Pipeline Online Podcast on Tues., Mar. 3, at 10 a.m. Join us live on X at https://x.com/Pipeline_Online. I plan on asking about the big picture considerations on nuclear power.
Should Saskatchewan buy the CANDU reactor when it comes to building large-scale nuclear in this province? Carl Marcotte Senior Vice-President, Marketing & Business Development at CANDU Energy, part of AtkinsRealis, makes the pitch. Building large reactors will only be the largest, most expensive decision made by this province for generations.
Pipeline Online Podcast Ep. 29: Carl Marcotte, CANDU Energy
I’m hoping to get Westinghouse on in a future episode, as the main competitor.
Related: Cameco CEO on whirlwind Washington trip for talks on reactor deal
Also – Jim Warren: Critical questions about the Alberta-Ottawa pipeline MOU remain unanswered
Enbridge unfazed by prospect of more Venezuelan oil headed to Gulf Coast
TC Energy sets growth sights on U.S. data centre boom
Bronwyn Eyre: Why the fed-prov ‘MOU’ is ‘Mission Outstandingly Unlikely’
Natural gas and coal kept Saskatchewan’s lights on during frigid weather. As in, nearly every furnace in this province saw its fan running as a result of natural gas and coal, right when we needed it most.
Also: Bronwyn Eyre inaugural recipient of new award for Canadian champions of freedom. She happens to be cohost of the Pipeline Online Podcast and a regular columnist.
Brian Crossman: Artificial Intelligence, the oilpatch, and John Wick’s dog.
And under the file of “I’ll believe it when I see it”: If elected, the Parti Québécois would not necessarily oppose new gas or oil pipelines
… during the press conference after nabbing Venezuela’s Maduro.
This is a HUGE problem for Canada, as every barrel of oil Venezuela adds would most likely displace a barrel Canada produces. How do I know? Because Canadian oil replaced Venezuelan production over the last two decades.
Brian Zinchuk: Trump’s takeover of Venezuela means Canada needs those west coast pipelines ASAP
Don’t believe me? Here’s Adam Pankratz in the National Post.
Adam Pankratz: Venezuelan oil could put Canada out of business
If sabotage of the energy industry doesn’t end now, we face impoverishment
I swear I wrote my own column a day before I saw his. They’re almost word for word in some parts.
It has significant implications for Saskatchewan, including power generation, interties, nuclear, and, oh yeah, pipelines and oil production.
What the Alberta-Canada pipeline MOU means for Saskatchewan
Canada-Alberta Memorandum of Understanding, verbatim
Carney’s speech on the Canada-Alberta pipeline MOU, verbatim
Canadian Press:
Eby brands pipeline ‘energy vampire’ as First Nations vow it will never happen
Comments and reaction on Ottawa-Alberta pipeline memorandum of understanding
Is this thing the real deal? Guilbeault resigned over it! It was real enough for him to fall on his sword. I really want to write that story but I need to drive four hours Friday morning so it’ll have to wait.
Headlines I am considering:
Christmas does indeed come in November, as Guilbeault resigns
Ding, dong, the climate witch resigned
His legacy unravelled by Carney’s pipeline MOU, Guilbeault quits cabinet
Hot on the heels of returning from COP30, Guilbeault quits over pipeline MOU
At an end his reign is, and not short enough it was: Guilbeault quits (read it in Yoda’s voice)
Canada’s energy bogeyman quits over pipeline MOU
The climate house he build is falling to pieces, so Guilbeault quits
Climate warrior Steven Guilbeault undone by Carney’s pipeline MOU, resigns in protest
The guy who wanted you to freeze in the dark just quit cabinet
Arguably the man most hated by the Canadian energy sector (besides Trudeau) packs it in
All out of CN towers to climb and economies to ruin, Guilbeault walks the plank
I might just use all of them. I’ll probably have a half dozen more when I wake up. Maybe I’ll make a contest for the best headline.
I will publish his entire resignation letter as soon as I’m able.
So it looks like a minor pipeline expansion of the Enbridge Mainline is in the works:
Enbridge has no plans to apply for national interest project as it tackles expansions.
And one of the companies that feeds those pipelines is Canadian Natural Resources:
Canadian Natural president awaiting more detail on Ottawa’s climate plans
And here’s a nice little video showing life on a drilling rig.
All of a sudden Carney’s talking a pipeline to the BC coast. Carney tells business crowd a new pipeline project is ‘going to happen’
Correction: it does mention “pipeline” once in reference to the Pathways Project, but not to the West Coast.
Ask me how many times it mentioned “climate” or “gender”
Also:
Brian Zinchuk on Evan Bray Show: Federal budget 2025 and nuclear power generation
Jim Warren: The Keystone XL is a long way from being revived: The corpse twitches, but does not dance