Economy
Minister Wilkinson’s flawed crystal ball
From Resource Works
The federal minister of energy and natural resources’ statements are at odds with the energy industry’s leaders and economists.
Meet Canada’s new expert on the global oil-and-gas market, and the world’s future demand for those commodities.
He is (surprise) Jonathan Wilkinson, Canada’s federal minister of energy and natural resources, who has announced this outlook for oil:
“Oil and gas will peak this decade. In fact, oil is probably peaking this year.”
The world oil market now eats up some 102.21 million barrels per day, so Wilkinson’s anticipated peak this year would be around that much.
But that’s not what market-watchers and oil-sector experts see:
- Goldman Sachs Research: “While some prominent forecasters have predicted oil demand will peak by 2030, our researchers expect oil usage will increase through 2034.
“That’s in part because of demand for oil from emerging markets in Asia and demand for petrochemicals. We think peak demand is another decade away.”
- The 2024 outlook of OPEC, the Organization of Petroleum Exporting Countries (12 of the world’s major oil-exporting nations) says simply: “There is no peak oil demand on the horizon.
“For oil alone, we see demand reaching over 120 million barrels a day by 2050, with the potential for it to be higher.”
“What the Outlook underscores is that the fantasy of phasing out oil and gas bears no relation to fact. Combined they make up well over 50% of the energy mix today and are expected to do the same in 2050.”
- In an outlook for 2024-2050, one scenario from energy giant BP sees this: “Oil continues to play a major role in the global energy system over the first half of the outlook, with the world consuming between 100-80 Mb/d of oil in 2035.
“Oil demand declines over the outlook but continues to play a significant role in the global energy system for the next 10-15 years. This requires continuing investment in upstream oil (and natural gas).”
- Greg Ebel, CEO of Calgary-based Enbridge, says global oil consumption will be “well north” of 100 million barrels per day by 2050 — and could exceed 110 million barrels.
“You continue to see economic demands, and particularly in the developing world, people continue to say lighter, faster, denser, cheaper energy works for our people. . . And that’s leading to more oil usage.”
- Even the optimistic International Energy Agency sees global demand increasing to 105.4 million barrels a day by 2030.
So take Minister Wilkinson’s crystal-ball outlook, of oil “probably” peaking this year, with at least a barrel of salt.
Then there’s Wilkinson’s contention that continuing to rely on oil and gas “will leave Canada uncompetitive and poorer on a go-forward basis.”
If so, why did his why his government invest $4.5 billion of your taxpayer money in 2018 to buy the Trans Mountain oil pipeline system and its TMX expansion?
Finance Minister Chrystia Freeland: “Because we knew it was a serious and necessary investment — one that is in the national interest and will make Canada and the Canadian economy more sovereign and more resilient.”
And from Prime Minister Trudeau: “By moving forward with TMX, we’re creating jobs, opening new markets, accelerating our clean energy transition, and generating new avenues for Indigenous economic prosperity. . . .
“This project isn’t about expanding our production. It’s about expanding our options. TMX will reduce our reliance on our single customer, the United States, and give us access to the growing markets of Asia.”
All of that seems to have escaped Minister Wilkinson and his flawed crystal ball.
Daily Caller
UN Chief Rages Against Dying Of Climate Alarm Light

From the Daily Caller News Foundation
The light of the global climate alarm movement has faded throughout 2025, as even narrative-pushing luminaries like Bill Gates have begun admitting. But that doesn’t mean the bitter clingers to the net-zero by 2050 dogma will go away quietly. No one serves more ably as the poster child of this resistance to reality than U.N. chief Antonio Guterres, who is preparing to host the UN’s annual climate conference, COP30, in Brazil on Nov. 10.
In a speech on Monday, Guterres echoed poet Dylan Thomas’s advice to aging men and women in his famed poem, “Do not go gentle into that good night:”
Do not go gentle into that good night,
Old age should burn and rave at close of day;
Rage, rage against the dying of the light.
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Though wise men at their end know dark is right,
Because their words had forked no lightning they
Do not go gentle into that good night.
Seeing that his own words have “forked no lightning,” Guterres raged, raged against the dying of the climate alarm light.
“Governments must arrive at the upcoming COP30 meeting in Brazil with concrete plans to slash their own emissions over the next decade while also delivering climate justice to those on the front lines of a crisis they did little to cause,” Guterres demanded, adding, “Just look at Jamaica.”
Yes, because, as everyone must assuredly know, the Earth has never produced major hurricanes in the past, so it must be the all-powerful climate change bogeyman that produced this major storm at the end of an unusually slow Atlantic hurricane season.
Actually, Guterres’ order to all national governments to arrive in Belem, Brazil outfitted with aspirational plans to meet the net-zero illusion, which everyone knows can and will never be met, helps explain why President Donald Trump will not be sending an official U.S. delegation. Trump has repeatedly made clear – most recently during his September speech before the U.N. General Assembly – that he views the entire climate change agenda as a huge scam. Why waste taxpayer money in pursuit of a fantasy when he’s had so much success pursuing a more productive agenda via direct negotiations with national leaders around the world?
“The Green New Scam would have killed America if President Trump had not been elected to implement his commonsense energy agenda…focused on utilizing the liquid gold under our feet to strengthen our grid stability and drive down costs for American families and businesses,” Taylor Rogers, a White House spokeswoman, said in a statement to the Guardian. “President Trump will not jeopardize our country’s economic and national security to pursue vague climate goals that are killing other countries,” she added.
The Guardian claims that Rogers’s use of the word “scam” refers to the Green New Deal policies pursued by Joe Biden. But that’s only part of it: The President views the entire net-zero project as a global scam designed to support a variety of wealth redistribution schemes and give momentum to the increasingly authoritarian forms of government we currently see cracking down in formerly free democracies like the U.K., Canada, Germany, France, Australia and other western developed nations.
Trump’s focused efforts on reversing vast swaths of Biden’s destructive agenda is undoing 16 years of command-and-control regulatory schemes implemented by the federal government. The resulting elimination of Inflation Reduction Act subsidies is already slowing the growth of the electric vehicles industry and impacting the rise of wind and solar generation as well.
But the impacts are international, too, as developing nations across the world shift direction to be able to do business with the world’s most powerful economy and developed nations in Europe and elsewhere grudgingly strive to remain competitive. Gates provided a clear wake-up call highlighting this global trend with his sudden departure from climate alarmist orthodoxy and its dogmatic narratives with his shift in rhetoric and planned investments laid out in last week’s long blog post.
Guterres, as the titular leader of the climate movement’s center of globalist messaging, sees his perch under assault and responded with a rhetorical effort to reassert his authority. We can expect the secretary general to keep raging as his influence wanes and he is replaced by someone whose own words might fork some lightning.
David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.
Business
The Liberal budget is a massive FAILURE: Former Liberal Cabinet Member Dan McTeague
Prime Minister Mark Carney tabled his government’s long-overdue budget yesterday and took the same approach as his predecessor – spend, spend, spend.
Canada’s deficit is now a staggering $78 BILLION. To make matters worse, Carney doubled down on the industrial carbon tax.
Dan McTeague explains in his latest video.
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