Consider having Heather as a guest host. Great expertise insight balanced with common sense. The best part is she has the good Loonie Hour vibe as well.
Very informative episode. One minor beef when you were discussing the YOY immigration numbers vs. new jobs numbers - 1 million new residents vs 94,000 jobs does seem crazy, but the other number you have to include is the number of Canadians who retired this year, creating existing job vacacanices that needed filling, which is approximately 300,000 in 2024. Then remove children from the total number of immigrants (approximately 250,000) and we now arrive at the true number of over supply of labour created by immigration in the last year - Approximately 350,000. Still not a small number, but I just felt that should have been elucidated by you guys rather than just grabbing the top line figures. Otherwise, good show. Keep it up!
Everything she said makes sense to anyone that has more than just a very basic understanding of the oil industry. So either the politicians that are pushing these policies havent done any research or they are pushing these policies knowing what they are saying is wrong.
GST tax break is just a ploy to delay recession during the holidays. Trudeau preaches making hard decisions for climate change but caves so easily for the economy. The people will pay for this once this lack of tax revenue needs to be funded and shows up through inflation.
Don’t believe anything in the news or anyone’s predictions as zero percent people know what’s next . You can look at historical charts all you want and compare last week with this week all you want, zero percent people can make even educated guesses on what’s next well I guess you could call them educated guesses but the market works off emotion so how are you going to plan for that. The short term zero percent know what’s happening . You’ll eventually be right , and those guys that were right once it’ll be like “this Bloomberg guy that predicted the2008 crash is now saying this” 😂😂😂 that’s when you know for sure DONT LISTEN cause if he was right before its going to be like zero percent chance he’s right again. Short term everyone’s dumb, long term is where you invest . Short term game is for brokies
For the record, Russia didn't cut off any energy exports. None. At all. Full stop. The collective West cut themselves off. ( and blew up the pipeline to boot) And Russia is still producing as much oil and gas as they ever did. It's just going to different customers.
Just posted about the same thing! Its funny there were no complaints or protests from the typical western environmental operatives when that pipeline blew up.
Heather for PM, no question. She has more IQ points than the entire Liberal Cabinet as well as intelligence. She could likely start a realistic third party Federally and make Canada work as it should.
@ it’s always about money, perhaps it’s to keep prices high to keep developing countries down. I’m really not sure at all no matter how many experts I hear talk, meanwhile there has to be many in on it.
Question about the tarrifs is not about the impact on oil (Clearly explained by Heather), but more about the impact on other sectors such as Lumber, Steel and perhaps the auto industry...which would likely affect provinces like Ontario and Quebec
Great speaker. Canadian politicians are playing a luxury game of refusing energy production. I grew up in a country with no energy independence and Canadian politicians dont seem to understand how important a strong energy industry is. If given the option, no energy rich country would choose to refute it like they do here in Canada... well, the elections will show how much real support there is to these caps
If the govt and the banks would just let the natural progression of the reset happen Canada would have a chance for an economic recovery in a couple years. The longer that all the regular working folks put all there income into only food and housing, the longer the slow decline will last. Small business will continue to slowly disappear without disposable income to support it and unemployment will slowly continue upward. All the rate cuts in the world will not save you now that housing is financialized. I dont claim to know what will happen, but i do know that what is going on is unsustainable. When the govt is saying everything is fine, you should usually run.
@Picklemedia no we don't. The tool pusher works for the drilling contractor. He might be called a rig manager. The drilling foreman or the company man is the guy representing the oil company. I was a toolpush/rig manager and then moved over to the oil company. I could also be called a site supervisor. Seems you been outa the loop for a while eh?
@Picklemedia The engineer? Really? That's a holdover term from when oil companies sent actual engineers out to the rig. That practice pretty much ended by the early 80's. And those same engineers then stayed in the office and called the guy drilling the well everything but an engineer. Cause he usually wasn't one. There's not many ring fingers running rigs these days. But I can tell you're not a career directional hand. Cause you'd know all that.
In 2022, gross sales of gasoline in Canada were 42.5 billion litres, so that $0.61 per liter represents $25.9Billion. If you speak in cents then people don't get the point. You must speak in billions, that will get people's attention. We're getting fleeced here!
Mining doesnt do itself any favors when the taxpayer is left on the hook for their environmental cleanup. Mines should have to put up cleanup funds in escrow before the build.
And how does Immigration Canada not know when ppl leave? They know when I leave ffs. Im tracked through my EI claim. So how do they not know when ppl leave?
Heather should be a monthly guest and provide an update on the energy sector! I'm so happy to see a knowledgeable woman explain this industry.
I think this might have been your best episode yet. Loved it.
This lady needs her own podcast! Amazing!!
No other word to describe this Guest!
Brilliant!
So informative of our Beautiful Nature Resources!
Fabulous Podcast Guys!
Love your Show!
What a breath of fresh air listening to her...great episode and happy to see there's still logical people left in the country!
One of the best episodes to date! I encourage Heather to be a regular guest.
What an amazing guest! So well spoken and she knows her stuff!
Heather is one of the most interesting guests you guys have had on. Great episode, in the top 5 for me.
Holy molely, she knows her stuff. Thanks for the schooling. ❤
Consider having Heather as a guest host. Great expertise insight balanced with common sense. The best part is she has the good Loonie Hour vibe as well.
Wow Heather should be running the Canadian government! What a gem she is.
Heather, you are extremely articulate and intelligent; thank you for your insight.
Absolutely excellent guest. I work in the Oil Sands and Heather nailed it !!!
Best macro show in Canada. And one of the best out there right now. Great episode.
Nah brah I get my macros from food
Fantastic episode & great speaker. I appreciate the clarity that Heather brought to the perpetual energy market discussions.
Amazing guest speaker. Thanks a lot!
What an episode!! So informative!
Extremely well-informed guest. Good job.
Thanks for asking mining Rich!
Watch you dudes every week. Not sure if this is a compliment, but you were more exciting than the Tyson fight.
That doesn’t say anything
@@b-rare Similar to your comment. But with more thumbs up.
Another great show! Heather was a great guest and love to hear about our Canadian issues.
She is an excellent speaker, great common sense.
You had a good run Rich. All the best on your future endeavors.
Heathe is awesome!! Met her at an arctic energy summit 3 years ago and she has a very impressive knowledge base.
Great episode and great guest.
Excellent guest!!! Five Stars
Rich finding the vibe is awesome! I'm couldn't wait to the end to comment.
As a harsh critic of the show (Rich in particular) I must say this was an excellent interview/guest. Thank you!
Thanks, G.
Incredible interview. Please have her on again!
Amazing guest!!
Great episode today! Heather was an amazing speaker with so much valuable insights
Rich should go on a date with this person 😅
Heather for energy minister (and Rich’s wife if she’s single)!!!!
now I want to watch question period to hear rich laugh at justin
Awesome guest speaker!
Amazing guest, keep up the great work guys, way to hit that delta
New Loonie Hour team member !
great episode....so much good information. thank you
Awesome episode with a great guest! We really need an election yesterday
Heather is brilliant! This is what intelligence looks like friends ✅
My hero!
Great guest
Heather is so smart! Best guest so far.
She nailed it,
Very informative episode. One minor beef when you were discussing the YOY immigration numbers vs. new jobs numbers - 1 million new residents vs 94,000 jobs does seem crazy, but the other number you have to include is the number of Canadians who retired this year, creating existing job vacacanices that needed filling, which is approximately 300,000 in 2024. Then remove children from the total number of immigrants (approximately 250,000) and we now arrive at the true number of over supply of labour created by immigration in the last year - Approximately 350,000. Still not a small number, but I just felt that should have been elucidated by you guys rather than just grabbing the top line figures. Otherwise, good show. Keep it up!
Loved this episode! Well done. ;-)
Great guest too btw… should have been a longer interview!
She knows her shit. Love it.
Guys, imagine if we could have Heather as finance minister instead of Freeland. ❤
great guest. I think Rich was in love 😛
Carolyn better keep an eye on Heather.
In all seriousness tho, what a great guest. Bring back soon!
Ten thousand thumbs up.
Everything she said makes sense to anyone that has more than just a very basic understanding of the oil industry. So either the politicians that are pushing these policies havent done any research or they are pushing these policies knowing what they are saying is wrong.
Great episode!
GST tax break is just a ploy to delay recession during the holidays. Trudeau preaches making hard decisions for climate change but caves so easily for the economy. The people will pay for this once this lack of tax revenue needs to be funded and shows up through inflation.
This "managed decline" just isnt working for me. Anyone else???
Don’t believe anything in the news or anyone’s predictions as zero percent people know what’s next . You can look at historical charts all you want and compare last week with this week all you want, zero percent people can make even educated guesses on what’s next well I guess you could call them educated guesses but the market works off emotion so how are you going to plan for that. The short term zero percent know what’s happening . You’ll eventually be right , and those guys that were right once it’ll be like “this Bloomberg guy that predicted the2008 crash is now saying this” 😂😂😂 that’s when you know for sure DONT LISTEN cause if he was right before its going to be like zero percent chance he’s right again. Short term everyone’s dumb, long term is where you invest . Short term game is for brokies
Wow you guys were totally on board with Doomberg and didn't push back at all when she brought up Peakk oil.
I agree with her and Chris Martenson BTW
Chris does a fantastic job.
"GST holiday" is a huge administrative headache on business owners that are already overburdened during the holidays.
For the record, Russia didn't cut off any energy exports. None. At all. Full stop. The collective West cut themselves off. ( and blew up the pipeline to boot) And Russia is still producing as much oil and gas as they ever did. It's just going to different customers.
Your comment is being shadowbanned FYI
I can see it @@Picklemedia
@Picklemedia to be expected eh?
Just posted about the same thing! Its funny there were no complaints or protests from the typical western environmental operatives when that pipeline blew up.
Heather for PM, no question. She has more IQ points than the entire Liberal Cabinet as well as intelligence. She could likely start a realistic third party Federally and make Canada work as it should.
This lady is just as incredible a guest couple months back Doomberg 🐔, who boasted about how oils can be with us forever
The question nobody is asking is what is the agenda for cutting production because it’s not environmental
Managed decline, a command and control economy?
Yeah, it's almost like they are running out and don't want to admit it.
@ it’s always about money, perhaps it’s to keep prices high to keep developing countries down. I’m really not sure at all no matter how many experts I hear talk, meanwhile there has to be many in on it.
She has been the best guest so far.. very very smart, thanks boyz
Heather was awesome....Too bad about Rich but hes young and can bounce back!
How about having Danielle Parke on the show?
great guest!
Question about the tarrifs is not about the impact on oil (Clearly explained by Heather), but more about the impact on other sectors such as Lumber, Steel and perhaps the auto industry...which would likely affect provinces like Ontario and Quebec
Rich your right a lot of people just are not vibrating properly
Great speaker. Canadian politicians are playing a luxury game of refusing energy production. I grew up in a country with no energy independence and Canadian politicians dont seem to understand how important a strong energy industry is. If given the option, no energy rich country would choose to refute it like they do here in Canada... well, the elections will show how much real support there is to these caps
If the govt and the banks would just let the natural progression of the reset happen Canada would have a chance for an economic recovery in a couple years.
The longer that all the regular working folks put all there income into only food and housing, the longer the slow decline will last.
Small business will continue to slowly disappear without disposable income to support it and unemployment will slowly continue upward.
All the rate cuts in the world will not save you now that housing is financialized.
I dont claim to know what will happen, but i do know that what is going on is unsustainable.
When the govt is saying everything is fine, you should usually run.
Very nice episode
I think we found the 4th member of the panel:)
To put the population increase in perspective we have essentially created Canada's 6th largest city repeatedly year over year just on immigration.
Oil is not finite
Oil demand is not peaking
Solar and wind is not a viable energy source.
hard to be as wrong as you are (as in on all 3 points you said)
say no to drugs
Oil is not finite? Buddy, this is a finite planet
When everyone is in such violent agreement I start to worry.
I think it’s the time of the year to bust out the National Lampoon’s Christmas vacation reference… you know the one…
Is it a rumor that the tarrifs are only applied if Canada does not secure our boarder?
There is probably way more oil even lower and in harder places that we have yet to invent technology for the extraction of.
Best speaker yet! Heather is very knowledgeable
Oh, I get it! Reduce GDP and we get to a 3% Defense Budget without actually spending more... Brilliant !!
Consumer's may hold off on purchases until after Dec 15 then retailers will be even busier with less time b4 Xmas
I think that Rich has a crush on her 😂
Can you guys get a speaker to deep dive on bill c-59?
Ontario HST is 13%
DRILL BABY DRILL!!!!! LFG
The last pay cheque for the year December 20th. Seems like they’re doing an experiment with this gst thing
Starts @ 7:25
"10 years"? I was Directional Drilling in Alberta in 2001... (Ensign 43t)
@@Picklemedia atta boy. I'm a retired drilling foreman
@marcgatto9675 "drilling forman"? in Canada we say 'Tool Push'
@Picklemedia no we don't. The tool pusher works for the drilling contractor. He might be called a rig manager. The drilling foreman or the company man is the guy representing the oil company. I was a toolpush/rig manager and then moved over to the oil company. I could also be called a site supervisor. Seems you been outa the loop for a while eh?
@marcgatto9675 *tool push
The *engineer (allegedly you) wouldn't say "tool pusher"
Are you getting these terms off Google or something?
@Picklemedia The engineer? Really? That's a holdover term from when oil companies sent actual engineers out to the rig. That practice pretty much ended by the early 80's. And those same engineers then stayed in the office and called the guy drilling the well everything but an engineer. Cause he usually wasn't one. There's not many ring fingers running rigs these days. But I can tell you're not a career directional hand. Cause you'd know all that.
Canadian dollar is going to get crushed.
In 2022, gross sales of gasoline in Canada were 42.5 billion litres, so that $0.61 per liter represents $25.9Billion. If you speak in cents then people don't get the point. You must speak in billions, that will get people's attention. We're getting fleeced here!
It's important to remember that despite all the campaign promises and rhetoric, nothing ever happens. Nothing. Ever. Happens.
Good vibes Rich, I guess it's hard to be criticized. Maybe that's why JT doesn't like it too
Heather for PM 👍🤔
FJT
Good news they're building again! Oh wait, that's not a crane in the background it's a bird turd on your window 😂 #poetry
There is oil companies in Alberta selling there gas for 52 cents per thousand
Why don’t they stop importing oil instead ?
Mining doesnt do itself any favors when the taxpayer is left on the hook for their environmental cleanup. Mines should have to put up cleanup funds in escrow before the build.
And how does Immigration Canada not know when ppl leave? They know when I leave ffs. Im tracked through my EI claim. So how do they not know when ppl leave?
Lets goooo
FIRST!