Positive national energy momentum at risk of being swamped by…everything else

From the BOE REPORT

 Terry Etam

There are a thousand inspirational wall hangings and memes and coffee mugs that all exhort similar messages, to think positively, to avoid negative energy and negativity in general, that humans are just better overall by doing so. They are in general all correct. The words are simple, high-quality life advice that we probably know deep down but that are hard to live by. Which is why so many of those things are sold. We need the reminders. A lot of people have made careers doing exactly that, saying the same old things in slightly new ways and earning millions. Which is kind of annoying in that it seems disingenuous, to be peddling vital life lessons in not a monk-like way but in a traveling elixir salesman kind of way. Big pearly white grins and a dash of stage charisma and look at that, the entire crowd is emptying their wallets in sheer happiness from hearing what they’ve heard a thousand times before. It’s enough to make one want to punch the slick marketeers in the head.

See? That’s how close negative energy is. It’s just that easy. There’s a reason we aren’t in some perpetual state of mental bliss; the complexities of life are highly effective at overriding the dopamine hits.

All these thoughts came crashing in last week, speaking of dopamine hits, while attending a luncheon with a lot of people in attendance. The event was the CAOEC (Canadian Association of Energy Contractors) spring luncheon.  Someone dropped out of a lunch time presentation and thus the empty seat that was offered to me, and so I went, mostly expecting the highlight to be the grub. And the people in the audience. Boots on the ground energy people are awesome to be around, full of energy and can-do attitude. I sat in a room, a big room, that also included a federal Liberal cabinet minister as keynote speaker – Tim Hodgson, Minister of Energy and Natural Resources.  As he rose to the podium to speak, a respectable round of applause greeted him. I did not participate. Not even a twitch. He was going to have to earn it. The past ten years will not be erased from memory for a very long time, and while this guy might not have been in the front lines of federal “governance” the whole time, his party and its architecture most definitely were.

But lo and behold, he did it. Hodgson made me clap. He went out of his way to make a point, multiple times (as recorded by Global News who captured these things; I was too paralyzed for note-taking): “This government and Canadians now understand that energy is the engine of Canada’s economy.” He made the same point loudly, and often, to the point where my spidey senses were on high alert. We get it, you love us now. Let go of my leg, sheesh.

But it was a great thing to say, and I don’t mean to make light of that; it is significant that he wanted to drive that point home and it is worth parsing. “This government” now understands – trying to underline the point that things are different now, and they know a difference is relevant. “…and Canadians” now understand – pointing out what is reflected in national polls, that sentiment has shifted, that the general population now understands the value of the oil and gas industry, and that it did not seem to five years ago (see: oblique accusations to ‘old government’ of Trudeau). “Energy is the engine of Canada’s economy” – another piece of relevant messaging. Trudeau/Guilbeault/Butts/Mckenna/Wilkinson…all key members of the previous government that worked hard to distance themselves from the industry, to downplay its significance.29dk2902lhttps://boereport.com/29dk2902l.html

Even in that one repeated point were a lot of messages that were very good to hear, and welcome news to the audience.

The question is, now what. For 10 years we were governed by squirrels. Actually scratch that. Squirrels have pure motives. We were governed by people who knew nothing about governance. They were like children. Idealistic, wanting to give every homeless person a hamburger and a new house. Wanting to save the environment in ways so wildly impractical that only childish enthusiasm could have propelled them.

But again, now what. What is the North Star for this government? They are taking energy seriously because they have to. What about everything else? Foreign interference in elections. Central bank digital currencies. A drug problem that drives are largest trading partner crazy brought about by sloppy immigration policies which have not been fixed. A globalist mentality that seeks to tie us to anyone than to our natural trading partner with whom we will never ever be separated, and for whom will always be our largest trading partner. Much is made of how recalcitrant the US has become over trade issues; very little is made about how Canada has been dragging its feet for years on things that it knows bug the US very much. Are we taking the drug trade seriously, when the poor police can hardly be bothered to pursue criminals with the knowledge that laws are toothless? We complain about tariffs, then stand resolutely in defiance over outrageous dairy tariffs that we ourselves impose and refuse to talk about. Is that being a good trading partner? Are we taking national defence seriously, or a reacting to a gun to our head? As a matter of fact that brings up the bigger question, what are we doing only because there is a gun to our head, versus what would we really want to do, we being the government?

All this speculation isn’t an attempt to take on the role of opposition, one of the grimiest jobs in the world, whereby the imperative is to run counter to absolutely everything the governing party does. No quarter, no exception, no thinking allowed. Just bark the opposite. That isn’t helpful.

And it is cool to see the media even starting to ask challenging questions of the government, including the likes of Andrew Coyne on a CBC news show that usually appears to be acutely aware that Liberals feed them and Conservatives will not. Mr. Coyne has been asking tough questions, such as this clip where he challenges the federal government’s sovereign wealth fund concept in an articulate way. He still has a wild political slant to his feed, which makes Coyne’s criticism of the Carney government even more stark. Other clips from the same panel if usually Lib-friendly voices show growing concern at the lack of genuine progress on anything.

But then just when it seems like progress is actually imminent, via the above developments, nope, it all has to come crashing down in a blinding reminder of where Canada is actually headed (whether it voted for it or not). Carney takes the stage at European conference and clearly proclaims he is siding with Europe: “It is my strong personal view that as the international order will be rebuilt,  but it will be rebuilt out of Europe, and so I am very appreciative of the symbolism of this invitation.”

Europe is a basket case. It won’t rebuild anything; it can hardly build anything. It is willing to die on a net-zero illusion, and so is Carney (who also reaffirmed in this speech his shared commitment with Europe to fighting climate change, meaning he doesn’t understand what got Europe into the hole it is in). Euro-love might sell in some parts of Canada, so this could be just a sad vote-pandering speech, and maybe Hodgson’s Calgary address was also.

Aligning with Europe because Trump is unpopular in Canada is some pretty bizarre long range strategic thinking. It panders to the worst of Canadian identity, whereby Canadians define themselves and explain their actions by saying “We’re not Americans.”  That is vacuous and pompous, if for no other reason than that I know and like a lot of Americans and stereotyping isn’t helpful or the high ground. And it is just dumb. Kanye West, Warren Buffett, Bob Dylan, Meryl Streep and the Pope are all Americans…how are those sweeping generalizations coming?

And now here we are again. Headed for the world stage instead of worrying about the heartland. Heading straight out into a blizzard with no mittens. Or shoes. Shrugging our national collective shoulders again, year after year, until we hit the next breaking point.

Carney came to power by convincing boomers that he was the best man to cut a deal with Trump. In the past month or two he has declared the old relationship with the US to be “over” and is now in Europe telling them that our future is with them.

This all sucks. Talking about politics. The past decade was enough to test anyone’s sanity, and, incredible as it sounds, by late 2024 pretty much all of Canada agreed. So we all wanted change. It was as close to national unity as I’ve ever seen.

As noted initially, some things have changed. The high level talk with respect to energy is indeed welcome. But Carney’s Euro speech is making it look like the new pro-energy talk was forced on them by necessity, by the fact that the world is scrambling for hydrocarbons, and that the true desire all along was more Euro-bonding. Carney is EU climate policy incarnate, and he sits at the epicentre of why Canadian hydrocarbons are not now getting to global markets as the whole world wants. He lit the fire as much as anyone. And his comments from the European conference were noted far and wide, across North America and Europe. It has been duly noted that, officially, Canada is turning its back on its largest and most natural trading partner, and seeking to forge an alliance (of moral superiority – “the international order will be rebuilt…out of Europe”) with an economic basket case. A self-inflicted one.

Maybe this speculation is entirely wrong, and we come out of this all with diversified global trade and a renewed alignment with the US as well, which we desperately need. We can hope.

But the winds now blow as though we are integrating Canada into the EU, rather than mending the US relationship, and I can’t think of a stronger boost to Alberta separatist sentiment than that. Maybe Quebec has a lot in common with France, and good for them, but here in Alberta there is a lot more in common with Montana or Texas than Quebec. Seeking alignment with Europe will without question cause even more national bifurcation and disharmony.

Hey, anyone that’s been in the hydrocarbon industry for more than a decade is bound to wear at least some shield of cynicism. Even Ontario’s premier Doug Ford has chastised the federal government to show some respect to Alberta and Saskatchewan, singling them out, an act that has happened exactly never times before.

That’s what makes this all so exhausting. The positive messaging from Hodgson is the equivalent of the inspirational poster, exhorting us all to focus on positive energy. How great would that be…to have everyone on the same page and striving for similar goals. As Hodgson says, “this government and Canadians” are getting closer, by reaching alignment on the value of our natural resources.

That part is really great, to see some national alignment on something like that. But the rest simply can’t be ignored. When media pundits like Coyne and CBC panels, long accused of being Liberal toadies, are speaking out about the train wreck of much of the rest of the federal program…all the cheery sub-category messaging gets kind of overwhelmed. It is all so very ironic that things are finally looking up for the energy sector on the national scene, at the same time that unease is growing everywhere else.

At the peak of the energy wars, The End of Fossil Fuel Insanity challenged the narrative of imminent fossil fuel demise, facing into the storm. And now everyone is coming around to this realization as well. Read the energy story for those that don’t live in the energy world, but want to find out. And laugh. Available at Amazon.caIndigo.ca, or Amazon.com.

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ricksanchez769
May 6, 2026 7:30 pm

Reagan understood the proverb – trust but verify –> you want to believe Mr Hodgson’s messaging, but CarbonTax Carney has got other plans. That GWV (global warming virus) is deep within his bones.

sherro01
May 6, 2026 8:09 pm

Why have people who usually work out the problems of Life, suddenly gone Lemming mode in the quest to follow this new breed named “influencers”. Why does it matter to traditional Canadian individuals what Carney says? I listened to his speech to WEF and mentally summed it up as a long load of waffle about a future than cannot be induced by him and his ideology because the process to make it happen is so big, slow and subject to rejection by voters.
Geoff S

May 6, 2026 9:51 pm

Carney lead a global UN effort to deny O&G firms access to bank services. The effort fell apart which changes the intent by zero. At the same time he was chairman of the board of one of the largest investment portfolios in the world which had 50% of its holdings in energy, the largest being Chenier.

Do you suppose Chenier had ANY trouble getting banking services during this period of time?

Carney is a bigger snake than Trudeau ever was as anyone who bothered to look into his background could have told you. Oh, wait, I did.

Reply to  davidmhoffer
May 7, 2026 3:53 am

I think you are right about Carney being a bigger snake than Trudeau.

Mr.
Reply to  Tom Abbott
May 7, 2026 8:25 am

Well there’s snakes and there’s snakes.
The dumb ones strike at any movement, and usually finish up copping the proverbial business end of a long-handled shovel or a 3″ shell of a #6 grain .410, (Trudeau).

And then at the opposite end of the spectrum there is Australia’s fierce snake (inland taipan), rated as the most venomous snake in the world.
This snake is rarely sighted, killed or captured because it follows the Sun Tzu principle –
“The wise warrior avoids the battle.”
and
 “He will win who knows when to fight and when not to fight.”

morgbug
Reply to  davidmhoffer
May 8, 2026 9:58 pm

Oh 100% worse than Trudumb. Justin was just a pretty boy, inept mouthpiece. Carney (and Butts) have long been the puppeteers. One simply needs to read his book and all becomes clear.

All four children studying in the U.S.? Check. Wife based in U.S.? Check. Move Brookfield to U.S. and then funnel as much Canadian taxpayer money through it as humanly possible? Check. Have 90+% of his own investments outside Canada? Check. Spend minimal time in Canada while galavanting across the globe with his smoke and mirrors show to convince gullible Canadians he’s doing something, anything, at all? Check.

Canadians are morons, but I suppose if you ‘trust’ the media, that is enabled, supported, saved, by government funding, then you get what you deserve. It’s the rest of us that suffer.

If anyone can tell me where to move to I’d be most appreciative. Europe, New Zealand and Australia are equally cooked.

May 6, 2026 10:05 pm

Well 47 thanks for nothing, from a canadian point of view. His idiotic shit disturbance cost us a change in government that was desperately needed. To be fair and limit my Trump bashing there were also enough idiots who voted for continuing this “liberal” lunacy. Well better luck next time Canada, proudly as I am…although from a distance.

Reply to  varg
May 7, 2026 12:31 am

So a large block of Canadian voters hates Trump so much that they voted against their personal interests and that of their country because of Trump. Therefore thanks for nothing Mr Trump.

Read that over an over again until the stupidity of it dawns on you. If you’re reaction to Mr Trump is to stab yourself in the eye, you have only yourself to blame for losing an eye. Canada unfortunately is filthy with idiots who make made choices at the polls and then blame an outside party for their lack of clarity on the issues.

Reply to  davidmhoffer
May 7, 2026 3:56 am

47 brought the energy issue to the forefront. Canada should be thanking him. Along with the rest of the “Free World” who won’t have to worry about religious fanatics setting off nuclear weapons because God told them to.

Reply to  davidmhoffer
May 7, 2026 9:25 am

Trump never had nor will ever receive support or applause from the left. Shure thing that if he keeps on pissing also on the conservative side of the fence he will face more than just the lefts dislike at home and abroad.

Spin it as you want, 47Umpahtrumpah did Canada so far no favour, nor the rest of the world. His ditching of nut zero and going back to energy reality is nothing else than freeing up funds to burn them on other idiocies.

The US debt, spending, and inflation are rising, its government is getting bigger and more intrusive by the minute and the world is increasingly despising it.

So lay back and enjoy “how to loose friends and alienate people” oh wait, I think someone has that already… 😉

Popcorn and beer please, lots of beer.

Mr.
Reply to  varg
May 7, 2026 9:11 am

The official Canadian Free Trade Agreement (CFTA) authority advised that the ~ 4% estimated cost increase to national trade resulting from Trump’s tariff impositions on them could be completely neutralized if the country acted to normalize inter-provincial trading terms and regulations.

As the CFTA has been pushing all the Canadian governments to do for decades.

Have they taken this advice?

Of course not.

Bureaucracies jobs would be at risk.

Reply to  Mr.
May 7, 2026 5:35 pm

You’re kidding…taking the fees off interprovincial trade like craft beer isn’t going to come anywhere close….

Mr.
Reply to  DMacKenzie
May 7, 2026 7:18 pm

It’s much wider than that – multi-province registration and annual fees for health practitioners, legal practitioners, transport operators, food producers – the list goes on and on . . .

puckhog
Reply to  varg
May 7, 2026 11:40 am

The down votes on this are funny to me. Trump’s rhetoric absolutely screwed up the election. And he actually has some legitimate complaints about Canadian protectionism, especially around things like dairy, as well as our free-riding on America’s military might. As a Canadian, I’m embarrassed by our approach on those items. But the across the board tariff approach, and 51st state stuff really pissed off a lot of Canadians, including many Conservatives, and unfortunately, in times of perceived external threat, people tend to stick with the status quo. And Carney and Co had the more popular, nationalistic counter-rhetoric. I think the Canadians that fell for it are fools, but to write off Trump’s impact is misguided.

I’m not sure what his thinking was, but if he’d left it alone, I think Canadian-US relations would have improved greatly under a new Canadian government.

Reply to  puckhog
May 7, 2026 6:15 pm

Puck hog, Let’s clarify a bit, and I’m not taking offense at your points….

Canada doesn’t free ride on US military power. Canada has ZERO belligerents on its borders or within hundreds of miles of its borders. Yet maintains a military presence for readiness purposes in UN and NATO activities of just as many personnel as, for example, the U.S. maintains in Germany,

If Canada had a half million man army, US hawks and think tankers would decide it necessary to have a counter force of half million man along the border “just in case”…so actually this “free-riding” is very cost and stress reducing for the U.S.

Next those dairy tariffs…there are quotas that U.S. producers can and often don’t fill so actually nobody ever pays the tariffs. Why ? Cuz if you’re a farmer over quota, it’s cheaper to turn the truck around and sell the milk back in the U.S. and any less than 100% means it still gets dumped into the Canadian market still causing a competition problem for Canadian producers.
Trump is trying to protect the Wisconsin dairy industry that is almost big enough all by itself to flood Canada with US subsidized overproduction and put all Canadian dairy farmers broke…so he shouldn’t have any trouble with Canadians protecting their own industry.

Scarecrow Repair
May 6, 2026 10:38 pm

I completely lack the faith that author Terry Etam has in Tim Hodgson. “Energy is the engine of Canada’s economy” is the same kind of crap spewed by every green NetZero politician ever. I don’t know Canadian politics at all well, but I recognized Carnet as one of the green NetZero-spewing politicians, and it’s going to take some major backtracking by him and others before I believe Tim Hodgson has had a change of heart and that it matters to Carney.

Reply to  Scarecrow Repair
May 7, 2026 4:00 am

Carney is Canada’s Mad Ed Miliban

Quilter52
May 6, 2026 10:52 pm

Anyone would think that maybe Ontario has figured out which Canadian provinces actually pay the taxes which provide the government with funds to waste on its boondoggles!

Reply to  Quilter52
May 8, 2026 7:02 am

As an Ontarian, I find it deeply shameful that Ontario has been considered a “have-not” (begging) province for most of the last 15 years. Self-inflicted wounds, indeed. Of course, the natural incentive in any communist system is to make yourself look like a poor beggar, to receive the maximum handout.

May 6, 2026 11:44 pm

This reminds me of the vicar of Bray.

The Expulsive
May 7, 2026 6:51 am

I’m sorry. While I would like to believe what comes out of The Carney’s mouth, all I have to do is look at the people the Liberal party uses to push policy forward, the laws and regulations it has not changed or pulled off the statute books, or the taxes in collects and deficits it accumulates, and I despair. Sure, some Ministers can mouth words that appear to bring hope, but then the Ministries double down on their bureaucratic overreach that saps hope.
In other words, it is possible to believe that Canada can improve from the mess that Justin and the Liberals made because of what The Carney claims, but then I notice that those behind him are the same as those who pushed the bilge of Justin and the laws and regulations stay the same. As a result I don’t see how things will change just because a banker in Saville Row suits says so to the media in Canada, as what he says in Europe (or about the EU), and who he has implementing his policies, chills my heart. (Also, when he is challenged in any way, or required to talk ‘off script’ he fumbles and is irritated to have to think on his feet…that is not inspiring.)

Sparta Nova 4
Reply to  The Expulsive
May 7, 2026 7:55 am

There is an old, wise, saying that comes to mind and seems to apply.
“Actions speak louder than words.”

Mr.
May 7, 2026 8:05 am

Great summary Terry.

A couple of points –
2 things can be true at the same time, as in
Carney talking out of both sides of his mouth at the same time.

Also, I’d add Carney as adviser to Trudeau’s ship of fools –Trudeau/Guilbeault/Butts/Mckenna/Wilkinson.

Carney is now in the process of attempting a triple backflip with pike to move on from his decades of Al Gore-esque pontifications about agw, and his planet saviorism.

I too am tentatively supportive of Tim Hodgson as Minister of Energy and Natural Resources. Reality seems to have hit him head-on.

We can only hope that rationality has supplanted his Liberal ideology.
(I know that’s a BIG ask)

I’m also resisting the snarc that he will only be there as long as he can show Carney that lotsa fees & $$$$s are somehow being funneled to Brookfield as an outcome of his energy mascinations.

Fran
Reply to  Mr.
May 7, 2026 9:42 am

Reality hitting Hodgson is most likely to end his position as minister in the next shuffle IF he really pushes this in cabinet

Mr.
Reply to  Fran
May 7, 2026 10:49 am

Yes Fran, on past performances, this is what’s most likely to eventuate.
Leopards, spots and all that.

Petey Bird
May 7, 2026 8:20 am

“This government and Canadians now understand that energy is the engine of Canada’s economy.”

You miss the point that he is referring to vegan farts, not oil, gas or coal. He is still working at DE-carbonising those.

Edward Katz
May 7, 2026 2:30 pm

Maybe the auto industry’s pullback on EVs might get Canada to re-focus on what should really count in resource development and international trade; namely the production of what people are most likely to buy like gas/diesel vehicles. Honda is halting its construction of a $15 billion EV plant in in Ontario due to sluggish demand caused largely by the withdrawal of consumer subsidies mainly in the US. For Similar reasons GM is stopping its Brite Drop van production, and Ford switched away from EVs back to light truck manufacturing at its Oakville plant. Meanwhile that same government is lauding Airbus’s intentions to build 150 new 220-300s near Montreal. Just coincidentally these planes will depend on vast amounts of jet fuel, not rechargeable batteries. So if such actions don’t spur Canada’s government to ramp up oil and gas development posthaste, it’ll provide additional proof that it’s still wearing its blinkers on economic and trade matters.

Bob
May 7, 2026 5:44 pm

The real problem is that the public has accepted lies. A large portion of Canada and the US have come to accept that if government or academia, mainstream media or science say something then it is true. I used to think that, not anymore. The general public must be taught that they have been lied to and cheated for decades and it has cost a lot. We Canadians and Americans are in a fix but nothing like the Europeans, I don’t know what is going on over there.