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Canada fuels American growth: supplying 99% of their natural gas imports, 85% of electricity imports, and 60% of crude oil imports."

Prime Minister Mark Carney's own words, delivered right after he suspended trade talks with Washington over new 50% tariffs.

The scale behind that line is real.

Canada exported 3.9 million barrels a day of crude oil to the US in 2025, out of 4.3 million barrels a day total and 8.6 billion cubic feet a day of natural gas.

Close to 90% of everything Canada sells abroad goes to one customer.

That's exactly why the "we could just sell elsewhere" argument is harder than it sounds.

Alberta, where most of this oil comes from, is landlocked.

The Trans Mountain pipeline is Canada's only real route to the Pacific, and it was still running at just 77% of capacity in 2024, partly because of high tolls built in to cover cost overruns.

China has become a genuine buyer on that specific pipeline, taking around 207,000 barrels a day since the expansion went fully operational, briefly outpacing the roughly 173,000 barrels a day going to the US on that same route.

But that's a fraction of the 3.9 million barrels a day still moving to the US overall.

New pipelines toward other coasts keep running into regulatory, financial, and political roadblocks, which is the real constraint here.

Carney's numbers are a genuine reminder of how much the US needs Canadian energy, but they also expose how few options Canada has to replace that buyer if this fight drags on.
https://x.com/jackprandelli/status/2091318403352981514?s=20

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According to the Bank for International Settlements (BIS), AI bubble investment now exceeds:

• Canal mania of the 1830s
• UK railway mania of the 1840s
• US railway mania of 1873
• Electrification mania of the 1920s
• Dot-com mania of the 1990s
Bank for International Settlements
Citat
Financelot
@FinanceLancelot
·
7 h
The AI stock market bubble is close to $80 trillion, approximately 2.5x larger than 2000 dot-com bubble.

To give you an idea of the scale of

January 21, 2023
More Leftie Than Thou
"Jacobin" Magazine Celebrates A Strike Against Ol' Blue Eyes

Here at "The Gaggle" we have very little time for the "more Leftie than thou" school of thought--that's the approach to life according to which the only thing that matters is whether you take the right position on every issue under the sun from Abortion to Zelensky. No one in the world meets the exacting standards of this school of thought; any Leftie leader anywhere is always selling out to the bankers and the capitalists. The perfect exemplar of this is the unreadable Jacobin magazine. 

The other day I came across this article from 2021. It's a celebration of trade union power. And not simply trade union power, but the use of trade union power to secure political goals. Of course (and this is always the case with the "more Leftie than thou" crowd), this glorious, never-to-be-forgotten moment on the history of organized labor took place many years ago--in the summer of 1974 to be exact. Yes, almost half a century has gone by since that thrilling moment when the working-class movement of Australia mobilized and prepared to seize the means of production, distribution and exchange. 

Well, not quite. Organized labor went into action against...Ol' Blue Eyes, the Chairman of the Board, the Voice; yes, Frank Sinatra. Why? What had Sinatra done? Sinatra was certainly very rich, and he owned a variety of properties and businesses. But if the Australian trade union movement were, understandably, searching for the bright, incandescent spark that would finally awaken the working class from its slumber there were surely richer, greedier, more dishonest, more decadent, above all more Australian individuals it could have discovered. Australia was never short of them. Rupert Murdoch immediately springs to mind. Why Sinatra?

 

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