I care about AB, a dairy farm kid who traded in the coveralls for suits.
Calgary
Joined June 2009
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Jeff Callaway 🇺🇦🌸 retweeted
Canada could be selling 250,000 barrels of oil per day.
At a premium price into Asian markets.
Without costing taxpayers a cent.
But Carney’s ban on shipping means we are selling our oil at a discount to the U.S. costing Canadians billions every year.
It makes no sense.
Repeal the ban!
Jeff Callaway 🇺🇦🌸 retweeted
By voting against Bill C-264, the Liberals voted to keep barriers that block new energy exports and leave Canada dependent on the U.S. market.
Lifting the tanker ban would help open our West Coast to new opportunities, attract investment, and create well-paying jobs. Canadian workers deserve a government that backs their livelihoods and gets Canadian energy to our allies.
Jeff Callaway 🇺🇦🌸 retweeted
NEW: After a council vote yesterday, the City of Calgary has released the costs behind the $2.3M budget for the independent panel review of the 2024 Bearspaw feeder main break.
$2.276M was spent on paying the panel including more than $1.7M for the panel chair.
Moose crashes into Calgary office building share.google/fC8QUdacPZB6Eoj… Canadian break and enter...
Liberals vote to keep B.C. tanker ban in place boereport.com/2026/10/28/lib… via @BOEReport Politics... 🤦♂️
Jeff Callaway 🇺🇦🌸 retweeted
🇨🇦🛢️😱 Western Canadian Select crude differentials continue to get crushed, now $31/bbl below WTI in Hardisty, Alberta.
That's tied for the widest spread in late-2022, and before that the late-2018 diff blowout that forced production curtailment in early 2019.
But this time it isn't pipeline capacity shortages—the transportation proxy (far right chart) is completely line.
This rout is being entirely driven by the diff at Houston, now at an all-time high of >$23/bbl.
That normally means an issue with light-heavy quality, which is partly to blame here. But this time it's much more driven by our record-high tanker rate environment.
Canadian heavy crude *re*exports out of the US Gulf Coast have historically gone as far as India, which is an exceptionally expensive trip (~10x normal) atm.
Combine that with additional Venezuelan crude availability this year and you need to heavily discount your barrel to get someone to bite, and it's this small pool of marginal barrels that are dragging down the entire Western Canadian pricing complex.
The brutal irony is that just at the moment Canada is finally diversifying exports to Asia that the long trip to Asia becomes a serious pricing vulnerability in this spiked tanker market.
Tanker rates have also widened the spread between WTI and Brent, so WCS gets the double-whammy of the compounding diffs.
Jeff Callaway 🇺🇦🌸 retweeted
Liberal housing minister Gregor Robertson demanded that Pierre be REPRIMANDED for pointing out that mass immigration is a leading cause of the housing crisis.
He wasn't prepared for Pierre to find out that he was QUOTING HIM. 😂
Jeff Callaway 🇺🇦🌸 retweeted
I’m calling Mark Carney’s bluff.
A Canadian energy company will pay to upgrade the Port of Prince Rupert so it can ship 250,000 barrels per day of Alberta energy by rail to the Pacific Ocean.
There are supportive Conservative governments in Saskatchewan, Alberta, and now in B.C. The public supports diversifying our economy away from the United States. Our environmental protections remain world-class.
This is as close to unanimous as we’re ever going to see in a democracy of 40 million people.
All you have to do is extend the same exemption to the tanker ban that you’ve given to the Port of Vancouver.
This doesn’t need a new committee, a new major projects office, or a nickel of Canadian taxpayer money, and It’ll create jobs across the country to build new rail cars.
So what’s it going to be, Mark?
Jeff Callaway 🇺🇦🌸 retweeted
Not making sense to a lot of people.
I'm not an economist so can someone please explain to me how raising interest rates due to rising prices caused by the Iran war will do anything but kick Canadians when they're down?
I understand the principle when our economy is growing too fast causing inflation, but this just doesn't make sense to me.
globalnews.ca/news/12123982/…
Jeff Callaway 🇺🇦🌸 retweeted
In case anyone was worried that more Canadian oil exports to Asia would conflict with American interests - here is the Atlantic Council advocating for it to advance East Asian energy security.
"If the East Asian democracies—Japan, Taiwan, and South Korea—decide that Western Canada’s Pacific Link project is meritorious, they should consider investing in coker retrofits at existing refineries to intake Canada’s heavy oil sands crude...
The US oil export complex might not be able to sustain exports at its current levels indefinitely. A growing number of analyses find that crude oil production in the Permian Basin will plateau, or even begin to decline, as prime acreage is exhausted. If the largest and most important basin in the United States faces output declines, and is not paired with concomitant decreases in demand, then US crude oil exports to Europe and East Asia will decline."
atlanticcouncil.org/in-depth…
Jeff Callaway 🇺🇦🌸 retweeted
Why are we duplicating work and creating more red tape? The province already has an Artificial Intelligence Data Centres Strategy and a Technology and Innovation Strategy. (Cite below)
Grow up, bring any gaps forward to the province and public, and work together.
#yyccc
[Alberta.ca alberta.ca/artificial-intell…; Technology and Innovation | Alberta.ca alberta.ca/technology-and-in…]
Jeff Callaway 🇺🇦🌸 retweeted
This is a major reason why new homes aren't being built.
Municipal and provincial red tape is adding at least 40% more costs to the price of a new home. In some jurisdictions, red-tape is more than the value of materials and labour.
Jeff Callaway 🇺🇦🌸 retweeted
My latest: there’s pain at the pump. Some of this is inescapable fallout from conflicts in the Middle East and Russia/Ukraine. But much of it is self-imposed. The clean fuel regulations cost 13.57 cents a litre for diesel and 12.24 cents a litre for gasoline. To add insult to injury, tax is charged on top of these costs. Even worse, to comply with them, refiners must blend in biofuels such as ethanol and biodiesel. Canada is not self-sufficient and imports over half of what it needs, predominantly from the US.
Somehow, in the middle of a trade war and an energy crisis, it has gone unnoticed that Canada — the aspiring energy superpower — has artificially made itself dependent on the United States for fuel.
nationalpost.com/opinion/can…
Jeff Callaway 🇺🇦🌸 retweeted
Gentle reminder that the whole reason the Trudeau government had to buy the Trans Mountain pipeline was because John Horgan was threatening to illegally blockade it, which probably would have resulted in BC being sued into utter oblivion.
B.C.’s premier-designate says supporting new pipeline is first order of business ctvnews.ca/vancouver/article…
Jeff Callaway 🇺🇦🌸 retweeted
Exner-Pirot on the Clean Fuel Standard (CFR): "There is an even more insidious aspect to the CFR. To meet their carbon intensity targets, many Canadian refiners blend biofuels into their petroleum products. But Canada is not self-sufficient in their production. More than half of Canada’s biofuels are imported, predominantly from the United States.
Somehow, in the middle of a trade war and an energy crisis, it has gone unnoticed that Canada — the aspiring energy superpower — has artificially made itself dependent on the United States for fuel. The vulnerability was brutally exposed with U.S. President Donald Trump’s diesel export ban threat, when refiners were scrambling to find out if renewable diesel bound for Canada would be caught in the net.
It is a favourite line of the Carney government that, amidst geopolitical rupture and trade disruption, “Canada is focused on what we can control.” The CFR is at the top of the list of self-harming, expensive and distortive policies that Canada controls, and has every interest in rolling back." @ExnerPirot
Jeff Callaway 🇺🇦🌸 retweeted
The guidelines for the "greenwashing" regulation - one of Danielle Smith's 9 Bad Laws - have been updated.
The road to hell is paved with good intentions. The high-handed greenwashing bill turned environmental transparency into a legal liability rather than a competitive advantage, and many companies in Canada simply stopped reporting their environmental performance and targets as a result.
While these are a big improvement from the original 2024 regulations, there's still lots of compliance uncertainty. I don't think these changes will get companies to start reporting on environmental performance again.
competition-bureau.canada.ca…
Jeff Callaway 🇺🇦🌸 retweeted
I asked ai for a laugh. Not bad... Shipping oil via the proposed $2 billion Prince Rupert crude-by-rail project would cost significantly less in upfront capital expenditures than a new $40 billion pipeline to Vancouver, while offering highly competitive operational costs for undiluted bitumen. However, the choices present a stark trade-off between the massive scale of a pipeline and the rapid, low-capital deployment of existing rail infrastructure. [1, 2, 3, 4]
Capital Expenditure (CapEx) Comparison
The upfront cost to build the infrastructure highlights a massive gap in taxpayer and corporate capital exposure:
[1, 2]Prince Rupert Rail Proposal ($2 Billion): Proposed by Strathcona Resources, this project leverages existing CN Rail lines running from Hardisty, Alberta, to the West Coast. The $2 billion is spent strictly on constructing an oil terminal off-take facility at Prince Rupert.
New Vancouver Pipeline ($40 Billion): Backed by the Alberta Government and the state-owned Trans Mountain Corporation, the "Pacific Link" project is estimated to cost between $35.2 billion and $43.7 billion (averaging roughly $40 billion) to build a southern route to the Vancouver/Delta area. [1, 2, 3]
Operating Costs & Efficiencies
While pipelines traditionally offer cheaper per-barrel shipping rates than rail for standard crude, the specific economics of bitumen alter the dynamic:
MetricPrince Rupert VIA Rail / CN BitumenNew Vancouver Pipeline (Pacific Link)Upfront Build Cost$2 Billion~$40 Billion ($35.2B–$43.7B)Daily Capacity250,000 barrels per day>1,000,000 barrels per dayTimeline to ServiceLess than 2 yearsEarly to mid-2030s (2032–2037)The Diluent Factor12% to 31% cheaper if shipping pure, undiluted bitumenRequires ~30% diluent to make the heavy oil flow, increasing volume costs
The "Diluent Penalty" Variable
According to industry cost analyses by Altex Energy, shipping undiluted (raw) bitumen by rail is 12% to 31% cheaper than shipping via committed pipelines. [1]
Pipelines cannot transport raw bitumen; it must be mixed with roughly 30% light diluent (condensate) to lower its viscosity. This forces producers to pay to buy diluent, pay to ship it to Vancouver, and lose 30% of the pipeline's physical capacity to non-oil product. [1, 2]
Rail can transport pure "neat" bitumen in specialized heated cars, eliminating the diluent penalty and lowering net per-barrel transport costs. However, if diluent is added to the rail cars, rail immediately becomes uncompetitive compared to pipelines. [1]
Strategic Trade-Offs
Timeline: The Prince Rupert rail terminal can begin exporting to high-demand Asian markets within two years. The mega-pipeline project is bogged down by regulatory hurdles, infrastructure inflation, and complex geography, pushing completion out to the mid-2030s.
Scale: The pipeline moves 4x the volume (over 1 million bpd) compared to the rail project (250,000 bpd), making the pipeline a long-term structural solution for macroeconomic price differentials, despite its high cost.
Geopolitics & Tanker Bans: Prince Rupert faces legal hurdles regarding Canada's northern B.C. tanker ban, which Strathcona is actively seeking exemptions from. The southern pipeline bypasses this specific ban by loading tankers out of the southern West Coast terminal at Roberts Bank, Delta. [1, 2, 3, 4]
theglobeandmail.com/business… Encouraging development. But an MOU is only a piece of paper. It will be interesting to see if anything tangible results from this agreement.
