Erik Poole

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Erik Poole

Erik Poole

@AboutResources

Free market capitalism loving economist Realist, Tiers mondiste Oil & gas investor with a focus on overseas Wilderness enthusiast Fluent in French and Spanish

Wildfire country, BC Katılım Ağustos 2018
516 Takip Edilen745 Takipçiler
Erik Poole
Erik Poole@AboutResources·
Trudeau was fundamentally correct. It made no commercial, no business sense to export WCSB natural gas to Atlantic Canada for re-export as LNG. Now the First Nations Natural Gas Alliance would like to convince Quebec and New Brunswick to remove moratoria on natural gas exploitation and fracking, well perhaps enough local natural gas would be found to export the surplus as LNG.
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Erik Poole
Erik Poole@AboutResources·
@ekwufinance President Trump does not at all care about those "shit-hole countries".
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Lukas Ekwueme
Lukas Ekwueme@ekwufinance·
Fuel shortages are emerging in Ethiopia Ethiopia imports ~100% of its fuel consumption Rich countries are outbidding poor countries, leaving them in a desperate situation.
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Erik Poole
Erik Poole@AboutResources·
@D162Michele 🤣 So true. A bit tragic come to think of it. Besides, Americans have been borrowing, copying and stealing the innovative ideas of others since Christ left Moose Jaw Saskatchewan. (That was a long time ago.)
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Michelle
Michelle@D162Michele·
How is China supposedly stealing Western technology while planning for 2030, when the West can’t even remember what it had planned for tomorrow? 🤷‍♀️
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Erik Poole
Erik Poole@AboutResources·
Local and regional community blessing is the stumbling block. Get folks on side and this will happen. If most First Nations and second comers continue to oppose oil pipelines and tankers in the Skeena and along the coast, this will not happen. Exporting oil from northern British Columbia cannot happen through top down changes alone. Wanted: A team of educators and marketers who have the patience of Job and can calmly listen to super angry, pissed off Elders. Qualifications: Experience in community activism, a deep knowledge of the Old Ways, an ability to spiritually connect to the natural world and those who have gone before us. It might help to understand FN economic development priorities and challenges. Get this right and dealing with the opposing second comers will be easy.
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Sputnik
Sputnik@SputnikInt·
🛢️How long could oil reserves last? Check Sputnik's infographics to assess current oil reserves and how long they can support global demand under changing conditions amid ongoing disruptions in global energy markets 👇
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Erik Poole
Erik Poole@AboutResources·
@IuliiaMendel Ukraine must deal with its corruption problem before joining the EU. That will be tough.
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Iuliia Mendel
Iuliia Mendel@IuliiaMendel·
⚡️⚡️⚡️BREAKING: EU Enlargement Commissioner Marta Kos has made it clear that Ukraine cannot join the European Union on 1 January 2027. 'Everyone in this room knows that Ukraine cannot become a member of the EU on 1 January 2027,' she said at the Competitive Europe summit. Peace must come first, followed by the necessary reforms. At the same time, she stressed that Ukraine remains a key partner for the EU in innovation, defence and strategic sectors that can boost Europe’s global competitiveness. Investors will only come once peace is secured and investments are safe, she added
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Erik Poole
Erik Poole@AboutResources·
Yeah.... the public does not understand defence (military) industrial base issues. Or the fact that the US security apparatus likes to experiment on live human beings from time to time in order to learn and acquire information. Most North Americas also have no idea as to how US hegemonic decline is currently accelerating.
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Lukas Ekwueme
Lukas Ekwueme@ekwufinance·
Rheinmetall CEO: All European, American, and also Middle Eastern stocks are empty, or nearly empty.
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Erik Poole
Erik Poole@AboutResources·
I did enjoy the parties that volunteer aid workers used to host in Africa..... Otherwise the best 'development' help to come out of the rich west in recent years has been from foreign direct investment by western multinational corporations. The challenge here is that private companies can only compensate for insufficient state involvement only so much. This is where Chinese infrastructure-focused investment makes so much sense.
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Lukas Ekwueme
Lukas Ekwueme@ekwufinance·
The art of the deal, critical mineral edition. To secure access to Zambia’s critical minerals, the US is threatening to end health support on a massive scale. At the same time, China is building roads, airports, and schools to gain access to Africa’s critical minerals. No wonder Africa prefers to deal with China.
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Erik Poole
Erik Poole@AboutResources·
@ekwufinance The Trump regime does not do subtle or low key very well.
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Erik Poole
Erik Poole@AboutResources·
Agreed except Iran is paying a very heavy price. As did the Vietnamese, as did the Taliban and many people in Afghanistan. In the background, Zionist Israel continues the apartheid system status quo, continues to extirpate people in the Gaza, continues to flood the West Bank with illegal Jewish-only settlers, etc. I do not see a victory there, tactical or strategic.
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Arnaud Bertrand
Arnaud Bertrand@RnaudBertrand·
I don't think people realize just how extraordinary what we're witnessing with Iran is. I was arguing with a dear journalist friend of mine yesterday who was telling me that Iran was winning, yes, but only on the strategic level, not tactically. The type of thing a skinny kid getting stuffed in lockers in highschool tells himself to make himself feel better: "These people will BEG to work for me in ten years. Everyone knows jocks peak in highschool. They'll literally beg." 😏 I think that's precisely wrong, and that's what makes the Iran war different. As of now, Iran is in fact holding its own tactically too. Think about other U.S. wars of aggression these past few decades. Take Vietnam, Afghanistan, Libya, Iraq, Serbia, etc. (the list is unfortunately very long). The pattern was roughly always the same with an immense power differential between aggressor and victim. These wars were, by and large, imperial: the empire attempting to crush a much weaker people whose only realistic recourse was guerrilla resistance. And that is when they actually had the will to resist: some - like Libya - barely even bothered, just resigning themselves to their fate (despite being, at the time, the richest country in Africa). As spectators of these wars, if you had any moral sense, the dominant emotion was a kind of helpless disgust: you were watching a giant stomp through someone else's house. Sure, the U.S. actually lost many - if not most - of these wars, famously replacing the Taliban with the Taliban or being expelled with their tail between their legs from Vietnam, but the power differential was no less real for it. It's just that power doesn't always guarantee victory: sometimes the giant can't kill everyone, and eventually tires of trying. But the “victories” won this way were always pyrrhic at best: the people endured, yes, but what they were left with was a country in ashes that takes decades to rebuild. Meanwhile, in the grand scheme of things, the giant walked away with little more than a bruised ego. Iran is - remarkably - proving to be an entirely different beast: when others were merely surviving a giant, Iran appears to be able to compete with one. What just happened over the past 48 hours is the best illustration of this. You had the President of the United States issue a formal ultimatum: reopen the Strait of Hormuz within 48 hours or we "obliterate" your power grid. Iran's response was essentially: we dare you, if you do this we'll make all your Gulf allies uninhabitable within a week. And, as we saw, Trump backed down: pretexting non-existent "VERY GOOD AND PRODUCTIVE CONVERSATIONS" with Iran, he said his ultimatum no-longer applied (or, rather, became 5 days). Adding he now envisaged the Strait of Hormuz being “jointly controlled by me and the Ayatollah.” To the amusement of Iran’s diplomacy (x.com/IraninSA/statu…). That, folks, is a textbook tactical victory. It is, remarkably, Iran demonstrating in this instance that it had escalation dominance over the United States of America. That is, the ability to credibly threaten consequences so severe that the US - for perhaps the first time since the Cold War - found it preferable to stand down. That's no skinny kid being locked in a locker dreaming of revenge fantasies. That's the kid grabbing the bully's wrist mid-shove and watching his face change. And it's not the only tactical victory in this war so far. Take the episode over the Israeli attack on Iran's South Pars gas facility. Iran had warned that if that happened U.S. allies in the region - including Israel - would face a symmetrical response. And they delivered: famously devastating Qatar's Ras Laffan facility - which produced roughly 20% of global LNG supply - and leading, according to Qatar themselves, to a $20 billion loss of annual revenue for the next 5 years (oilprice.com/Latest-Energy-…). Not only that but they also managed to hit Israel's Haifa refinery (aljazeera.com/news/2026/3/19…), one of the country's most strategic and protected sites. The result was Trump distancing himself from the South Pars attack, saying that Israel had "violently lashed out" unilaterally and that "NO MORE ATTACKS WILL BE MADE BY ISRAEL pertaining to this extremely important and valuable South Pars Field." Israel then said it wouldn't strike Iran energy sites anymore (bloomberg.com/news/articles/…). From where I stand, that's another tactical victory. It is, at least, Iran demonstrating that is can fight back **symmetrically** against the U.S. and its allies. Not through asymmetric resistance with IEDs hidden in the roadside or traps hidden in the jungle, but eye for eye, and against some of the most heavily protected sites on the U.S.'s side. That's qualitatively different from any other adversaries the U.S. has directly fought in recent wars. There's plenty more, such as the pretty relevant fact that Iran has gained control of the single most strategic energy chokepoint on earth and the U.S. is finding it impossible to break that control. To the point where Trump has been reduced to publicly begging China - of all countries - for help, which given Trump's ego mustn't have been easy to do. Only to be told no. By China. And by everyone else he asked. This is the topic of my latest article: how this is, in fact, the first genuine "multipolar war." First, in the narrow sense: because Iran is revealing itself to be a genuine pole of power - not a superpower, but an actor that cannot be submitted, which is all multipolarity is. And second, because the war itself is accelerating multipolarity everywhere else: the U.S. has never been more isolated, never looked weaker and its security guarantees have never been more hollow. In my article I lay out the full scoreboard - military, economic, political - and explain why this war has already changed the world, regardless of how it ends. Enjoy the read here: open.substack.com/pub/arnaudbert…
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Erik Poole
Erik Poole@AboutResources·
Actually according to rough economic estimates then PM Justin Trudeau was correct. Naturally Jason Kenney is the Alberta premier who wasted a bunch of public money on Keystone XL because he failed to do his homework and did not understand the American grassroots opposition to the pipeline.
Jason Kenney 🇨🇦🇺🇦🇮🇱@jkenney

“There is no business case” for East Coast LNG - Justin Trudeau, immediately following Russia’s full scale invasion of Ukraine. This must stand as one of the most flagrantly stupid remarks ever made by a Canadian Prime Minister. Everyone in politics says dumb things from time to time. I sure did. The problem is that this dumb statement reflected government policy, based on an astonishing blend of energy, economic, and geopolitical illiteracy. Mark Carney was elected on the premise of being literate on energy, the economy, and geopolitics. On the promise of getting big things done “faster than ever,” of making Canada “an energy superpower,” of becoming the “fastest growing economy in the G7.” So get on with it already. Eastern Canadian provinces are increasingly positive on gas production and exports, eg Nova Scotia lifting its ridiculous gas production ban. There is a growing shift back to energy realism in Quebec politics. Enough consultations, meetings, and triangulating energy politics. Embrace East Coast LNG as a moon shot project, with war time urgency. Prove that Canada can once again do big things quickly, while making Canada wealthier, and helping the world achieve energy security.

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De La Rosa
De La Rosa@Tejanobrown·
Automated drilling rig running casing.
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Erik Poole
Erik Poole@AboutResources·
@tonyannett That was not the only 'mistake'. US auto companies experienced serious problems on the assembly line: sex, drugs, rock 'n roll and lots of downtime. The Japanese then and the Chinese now, managed to maintain motivated, efficient processes and workers.
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Tony Annett
Tony Annett@tonyannett·
In the 1970s, American car companies made a huge mistake - sticking with gas guzzlers when high oil prices led people to demand for fuel efficiency. They were overtaken by Japanese cars. Now they’re making the same mistake all over again- sticking with gas guzzling SUVs when EVs have become the superior technology. This time it’s China rather than Japan that will win.
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Erik Poole
Erik Poole@AboutResources·
@ira_joseph @ColumbiaUEnergy The major US car companies experienced serious problems on the assembly lines in the early, mid-1970s. Sex, drugs, rock 'n roll and lots of downtime. UAW played their part too.
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Ira Joseph
Ira Joseph@ira_joseph·
It’s a telling sign that the Big 3 never advertise their best line of ICE vehicles as the superior product. They know. Not even an “EVs burn more coal in Indiana” attempt. They wrote down their EVs because they were inferior EVs, not inferior vehicles. @ColumbiaUEnergy
Tony Annett@tonyannett

In the 1970s, American car companies made a huge mistake - sticking with gas guzzlers when high oil prices led people to demand for fuel efficiency. They were overtaken by Japanese cars. Now they’re making the same mistake all over again- sticking with gas guzzling SUVs when EVs have become the superior technology. This time it’s China rather than Japan that will win.

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Erik Poole
Erik Poole@AboutResources·
@BrianMcDonaldIE Israel nukes Iran; Americans get sick and die. In addition to Iranian hypersonic missiles targeting Tel Aviv suburbs.
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Brian McDonald
Brian McDonald@BrianMcDonaldIE·
This is ridiculous. There’s no credible scenario where Russia nukes Israel over Israel using a nuclear weapon in the Middle East. Moscow’s nuclear doctrine is explicit: use only as a last resort in response to a direct existential threat to the Russian state.
Furkan Gözükara@FurkanGozukara

Absolute bombshell. Col. Macgregor predicts Putin has already delivered a terrifying ultimatum to Netanyahu: If Israel dares to use a nuclear weapon in the Middle East, Russia will drop a nuclear weapon on Israel. The US has no idea what it just walked into.

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Erik Poole
Erik Poole@AboutResources·
So the US federal government is going to order US LNG companies not to sell to Europe? Unlikely. More hot air and white linen sale nonsense talk from the US administration with the least disciplined mouth in modern history. Moreover, I want somebody with a solid background in economics and strategic studies to explain to me how the USA benefits from a weaker Europe.
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