Sean McCarthy 🇨🇦🇺🇦🇮🇱

🧵 1/6 🚨 Donald Trump hates trade deficits but loves budget deficits. There's one big problem: budget deficits mathematically CREATE trade deficits. You can't have it both ways. Here's why this is basic economics...

What's the point of all the formality over the next year? Sounds like it's approved already

It was already leaked that west coast pipeline will be submitted by July 1, designated as a nation building project by October 1 and approved by September 1 2027. Pathways Alliance gets a date in the Agreement: 1st phase by 2035.

The Grand Ransom™️has now been signed: a reduced & deferred carbon tax to $140/t by 2040, and the promise of a new pipeline that "is tied to Pathways", a $30BN project that is irrelevant and enormously expensive. No other country in the world is doing this to themselves, just 🇨🇦.

Great news Alberta! A critical milestone has been reached under the Canada-Alberta energy agreement (MOU) so that our province can expect approval from the Federal Major Projects Office for actual construction of the West Coast Pipeline on or before September 1, 2027. When achieved, this would be the fastest approval of a major oil pipeline from Alberta in a generation! This project will deliver 1,000,000 new barrels of Alberta oil every single day to new Asian markets, creating jobs, strengthening our economy, and generating a phenomenal amount of wealth for Albertans and Canadians for decades to come. And just as importantly, Alberta has successfully fought to permanently end Justin Trudeau’s punitive oil and gas production cap and roll back his absurdly high industrial carbon price to a much more realistic level that will save our job creators over $250 billion and protect the livelihoods of Alberta workers. This is what happens when Alberta stands strong.

US Secretary of State Marco Rubio: The Russians are losing five times as many soldiers a month as the Ukrainians are. The Ukrainian army at the moment is the strongest army in Europe.

“Give them a massive amount of oil, agricultural land, copper, freshwater, and every natural resource in the world. Now make them neighbors with the biggest market in the world. Great, now have them leave the resources in the ground and instead flip condos to each other”.

But what about the social license, the carbon intensity, the environmental studies, and the indigenous consultations?

Imagine if we could just build valuable things in Canada, as fast as we wanted

Bell: Done deal! Alberta ready for a win on MOU pipeline file in just a few sleeps calgaryherald.com/opinion/column…

Why I been saying since March that this was Iran's Pearl Harbor. "Never Again." And to achieve "Never Again," they gotta make it *hurt*...and that means there's a Nash Equilibrium here where the optimal strategy for Iran *does not change* regardless of what Trump, Xi, or anyone else in the game does. Trump can leave, stay and blockade, or send the Marines -- that strait stays closed. This is the North Star. x.com/PauloMacro/sta…

The faster crude prices rise, the sooner the war ends.

Because you launched a lawless evil war on a peaceful neighbor? Just a guess.

TRUMP CONFIRMS THE EXISTENCE OF ALIENS!

In 2022, the Kremlin launched its “special operation” believing it would give the West a master class in military power. Four years later the lesson has indeed been learned only it reads in the opposite direction. May 2026. By Decree №374, the President of Ukraine officially permits Moscow to hold a parade on Red Square. No military hardware for the first time in 19 years. No mobile connectivity in the city. No foreign press. The guest list reduced to figures of contested or unrecognized legitimacy. And with written authorization from the country Russia planned to occupy in three days. What sits between those two points is not “successful defense.” It is a defense industry built from scratch. In four years, Ukraine’s defense production capacity has grown more than 50x to over $50 billion. 2,300+ manufacturers. 300,000+ employees. 76% of what the Armed Forces use is now made in Ukraine. Naval drones that pushed the Black Sea Fleet out of the Black Sea. Long-range strikes that have taken roughly a fifth of Russia’s oil refining capacity offline. Interceptors that US allies in the Middle East are already lining up to buy. The inversion is complete. What was recently called “supply from the West to Ukraine” now runs in the opposite direction — Build with Ukraine. Rheinmetall. Quantum Systems. KNDS. Baykar. In April our team received first contracts from German MoD. That is no longer an exception. It is the format. A parade without hardware on Red Square is not a curiosity. It is a visual balance sheet: one side is building an industry, the other is hiding what’s left of one from the cameras. What was supposed to be the West’s lesson from Moscow has become the West’s lesson from Kyiv. And that lesson is now being exported.

@GudduWeb @morganhousel Almost exactly what I was going to say. It's complicated and multifaceted.

@morganhousel Today’s environment is almost the reverse on several of those factors: delayed marriage, high housing costs, longer education, dual-income necessity, and reliable birth control.

I don't fully buy the idea that living in an age of uncertainty is what's driving the decline in fertility. The Baby Boom took place when your kids had to practice duck-and-cover drills at school to prepare for what was seen as the inevitable nuclear apocalypse.

This is a major advancement in robotic reasoning and control. See the video !

When the weather man said to dress for the mid 70’s😂

Every time I see a clip from @ArynneWexler’s stand-up, I think maybe this time she won’t be able to push the boundaries further, and every time I’m proven wrong. She’s just absolutely brilliant! 🤣 I’d love to say, please Arynne, come and do a few shows in the UK, but as we know, in the UK this sort of comedy will likely get you arrested and sent to prison for five years....

This is potentially a huge deal for the Canadian oil sector: 550,000 Bbl/d of new takeaway capacity, with upsize potential to 900,000, and onstream if FID'd ~2029. If this goes ahead, the "pipe-dream" West Coast pipeline is dead, and with it so too the obsolete Pathways Project.

U.S. President Donald Trump signed a Presidential Permit Thursday afternoon authorizing private U.S. company Bridger Pipeline LLC’s proposed cross-border project expected to involve leftover infrastructure from the Keystone XL pipeline. “Slightly different than the last administration — they wouldn’t sign a pipeline deal,” Trump said. financialpost.com/commodities/en… $SOBO.TO #OOTT #COM