Tom Fedichin

BNN Rick Rule: Energy The Oil industry has under invested by 1 billion a day. High prices today are anticipation of shortages. If the conflict goes on for 2-3 more week, Oil will be rationed by price. Pakistan has 1 week supply. We are going to run out of strategic reserves and floating storage soon. The potential shock for the economy and inflation is quite significant.

One of the biggest beneficiaries from the war with Iran was Canada. From oil, aluminium, and fertilizer; Canada benefitted from every price increase and the world realized it needs predictive and reliable supply of resources. The Liberals should have been running around approving new projects and closing actual deals, showing the world we will be that partner and ready for action. You know what they have done instead? Added a tax. Unbelievable.

Energy Aspects just now on CNBC: Middle Eastern offline production is now a staggering 13MM Bbl/d!!! My best case is 2-3 months to allow production to begin to be returned = over 1BN Bbls of lost cumulative production. That is an unbelievably high number. This is NOT over!

Congratulations to Mark Carney! The first prime minister in history to bypass the democratic wish of voters and achieve a majority government… not through vote, but through persuasion and bribery—though not beyond reasonable doubt, which keeps it within the legal threshold. I now welcome the Liberal comments of “we vote for people, not the party”. Which is false, and “it’s legal!!!” Which doesn’t make it moral or ethical.

Confidence vote could trigger spring election campaign in B.C. ctvnews.ca/vancouver/arti…

@mark_slapinski I looks like you took a slap shot off the side of the head @mark_slapinski. The Liberals have been in power for 11 years and we’ve witnessed Canadians living standards crater. Record food bank lines. Give your head a shake.

I stopped aligning with Canadian Conservatives at the exact right time. These people are delusional. Losers.

Every 12 DAYS, China's carbon emissions exceed Australia's total annual emissions. Consequently, Australia's efforts to achieve net zero emissions would be offset by China's emissions in just two weeks. Net Zero is a scam of massive proportions!

@sarobertsonca @sarobertsonca nice try.The liberals have been in power for 11 years. Most of Carney’s cabinet ministers are from the Trudeau era. Carney was also a special advisor during the Trudeau era. Same crew, same problems. Fact is Carney has yet to live to any of his election promises.

Robert Fife: "Pierre Poilievre keeps trying to blame every job loss, inflation, everything on the Prime Minister. But Canadians know where that problem is coming from. It's south of the border, it's in the White House."

@JohnOlthuis @ronmortgageguy @GasPriceWizard @MarkJCarney It’s not about lowering gas costs for individual 🇨🇦’s. It’s about taking advantage of our resource assets and creating high paying jobs. It’s been reported that the Northern Gateway project if built would pay for 🇨🇦 ‘s entire annual healthcare costs. Building is a no brainer.

@mrjones321 @ronmortgageguy @GasPriceWizard @MarkJCarney If you want lower gas prices we would have to nationalize oil and gas, take the oil company assets, stop exports including piplines to the US and stop trading on the world market. We would have oil and gas at cost but that won't happen. ;-)

@GasPriceWizard Has Been Very Clear On This: Gas Could Go To $3 Litre - Diesel $4 This would be something no one has experienced since the 70's Hey @MarkJCarney time to suspend all Fuel Taxes NOW Not next month, not wait & see Prime Minister Carney suspend Fuel Taxes NOW

Next billion dollar idea: a sports bar but for the stock market. Instead of screens playing games they will show charts, live X feeds, a bloomberg terminal, and Polymarket screens. Why does this not exist yet?

Update: Canada's startup exodus is accelerating.Nearly one of every two Canadian founders who raised over $1 million in 2024 are now based in the U.S. That's up from about one in five just a short time ago. - Charles Lammam

COMPLETELY DISMANTLED MEDIA QUESTIONS If you were Prime Minister, what would you do about the Straight of Hormuz Pierre answers is not what the media expected and they probably wished they didn’t ask the question

Ridiculous. 4th-largest oil reserves in the world. $2.09 per litre at the pumps. It's time to build pipelines, refineries and an energy policy that puts Canada, and Canadians, first! 🇨🇦

This is Canada.

If you invest in Energy, Nevermind - If you Invest at all. This is a must watch. All of it. The summary - things are not good and are going to get much, much worse. Buckle Up. Eric is 80% Invested in Canadian Oil and 20% Cash as he expects a lot of Volatility.

Want to see Canada's economy boom? Listen to Francois Poirier. The TC Energy CEO has laid out a plan that Mark Carney should follow but probably won't. torontosun.com/opinion/column…

One molecule. Three masters. Not enough for any of them. Methane is the feedstock for the Haber-Bosch process that produces 80 percent of the world’s nitrogen fertiliser. Methane generates 40 percent of US electricity, the electricity that powers the data centres training every frontier AI model. Methane heats 47 percent of American homes. The same molecule feeds crops, trains intelligence, and warms children. The Hormuz crisis just made it scarce for all three simultaneously, and the market is deciding which master gets served first. The answer is AI. Meta is building a $3 billion natural gas power plant in Louisiana dedicated to a single data centre. OpenAI’s Stargate partnership requires 4.5 gigawatts, much of it gas-fired. US data centres consumed 176 terawatt-hours in 2023 and are projected to reach 325 to 580 by 2028. These facilities operate on long-term power purchase agreements that lock in supply at premium prices. When gas prices spike, the hyperscaler with a 20-year contract outbids the farmer buying spot urea for April planting. The margin on training a frontier model is measured in billions. The margin on a tonne of rice is measured in cents. The molecule goes where the money is. Gulf producers supplied 49 percent of global urea exports and 30 percent of ammonia before the war. Qatar’s QAFCO, which produced 14 percent of the world’s urea, has been offline since March 4 when Iranian missiles struck Ras Laffan. Urea prices have surged 55 percent from $484 to over $750 per tonne. The Haber-Bosch process consumes 3 to 5 percent of global natural gas, roughly 170 billion cubic metres per year. That gas is now competing with data centres whose electricity demand is growing at 15 to 20 percent annually. Pakistan has already redirected 78 million cubic feet per day of gas from fertiliser plants to residential heating. The government chose warmth over food. The molecule was allocated by political survival, not agricultural need. American corn farmers are making the same calculation in reverse. The urea-to-corn ratio hit 126 bushels per tonne, nearly double the historical average of 75. At current prices, planting corn is unprofitable for millions of acres. Analysts now expect 93 million acres versus a 99 million baseline, a six percent cut. Corn feeds 40 percent of global livestock. The reduction cascades into a feed shortage by late 2026 and projects 10 to 25 percent increases in meat and dairy prices by early 2027. The biological clock does not wait. April is when Indian farmers plant kharif rice. May is when Pakistani wheat gets nitrogen. A seven-to-ten-day delay in application during grain filling reduces yields 8 to 15 percent. No ceasefire reverses a missed planting season. The molecule that should be feeding a billion people is instead cooling a server rack in Virginia because the server rack pays more. There is no International Energy Agency for fertiliser. No strategic nitrogen reserve. No coordinated global buffer. Oil has the SPR. Gas has long-term contracts. Food has nothing except the assumption that the molecule will always be available at the price agriculture can afford. That assumption just collided with a data centre whose electricity bill exceeds the GDP of the country whose rice crop it displaced. One molecule. Three masters. The market chose. The rice plant lost. And the season will not come again.

BREAKING 🚨: Diamonds Diamonds may be a girl's best friend but they're your portfolio's worst nightmare. Prices have fallen to their lowest level this century!

@Tablesalt13 I also saw today that Mark Carney approved the Northern Gateway pipeline and has also stated that Keystone pipeline negotiations are heating up. Next up is energy east pipeline @tablesalt13

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