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The U.S. Strike in Iran-Insecurity About Global Oil Supply Suddenly Makes Canadian Oil Attractive

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From Energy Now

By Maureen McCall

The U.S. strike on three nuclear sites in Iran is expected to rattle oil prices  as prices change to include a higher geopolitical risk premium.

Anticipated price rises range from a likely rise of $3-5 per barrel forecast by Reuters to predictions of a “knee-jerk” reaction price spike with  Brent crude, currently at $72.40, possibly rising to $120+ in a worst-case scenario, according to JPMorgan.


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Whatever the choice of action Iran will take in response- it is creating fears of reprisals striking U.S. oil infrastructure. Impacts on the Strait of Hormuz are feared as a senior Iranian lawmaker was quoted on June 19th as saying that the country could shut the Strait of Hormuz as a way of hitting back against its enemies.

In a recent interview, ExxonMobil CEO Darren Woods said there is sufficient supply in the global oil market to withstand any supply disruption to Iranian exports.

“There’s enough spare capacity in the system today to accommodate any Iranian oil that comes off the market,” Woods told Fox News  “The bigger issue will be if infrastructure for exports or the shipping past the Strait of Hormuz is impacted.”

The Strait of Hormuz is considered the world’s most important oil chokepoint, according to the Energy Information Administration (EIA).  Iran voted late Sunday to shut down the Strait through which about 20% of the world’s daily oil supply flows. The resulting oil supply risk leaves countries contemplating their options as they look for more long-term capacity.

We could be facing a return to the identification of “Conflict Oil”, a term Ezra Levant first coined in his book “Ethical Oil: The Case for Canada’s Oil Sands” to describe oil-producing countries with dismal human rights records, such as Iran. Conflict oil would now signify oil sourced from areas of the world subject to political conflict, instability and supply disruption. Levant used the term originally to argue that Canadian Oil Sands production should be considered a more ethical alternative to oil from countries with oppressive regimes. However, the argument could now be made that oil supply and pricing from conflict-free countries like Canada would be more reliable. Canadian oil could come into focus as conflict oil once again becomes a concern.

Katarzyna (Kasha)Piquette, CEO, of Canadian Energy Ventures

Katarzyna (Kasha)Piquette, CEO, of Canadian Energy Ventures (CEV), an organization formed to connect Canada’s energy with Europe’s growing needs in the face of the Russian-Ukrainian conflict, foresees dramatic changes in global energy trade.

“The consequences of the US strike on Iran are a potential game-changer, not just in terms of pricing, but in how countries think about long-term energy security,” Piquette said. “In the short term, Canada can help stabilize supply to the U.S. and Europe as geopolitical risk premiums surge. But the long-term impact may be even more profound: countries in Asia are likely to deepen ties with stable, non-Middle East suppliers like Canada. This is an opportunity to position Canadian energy as a cornerstone of energy security in a more divided world, and we must act strategically to expand our infrastructure and secure that future.”

Piquette says CEV is hearing directly from buyers in Europe and Asia, at least half a dozen countries, who are urgently looking to secure long-term contracts with reliable, conflict-free suppliers.

“Canadian oil is back in focus, and not just for ethical reasons. With the Trans Mountain expansion now operational, we can access Asian markets directly through the BC coast, while the U.S. The Gulf Coast remains a viable path to Europe. Yes, transportation adds cost—but buyers today are willing to pay a premium for stability. This is Canada’s moment, but it requires Ottawa to deliver on its promises: we need regulatory certainty, investment in infrastructure, and export capacity that matches global demand.”

Maureen McCall is an energy professional who writes on issues affecting the energy industry.

 

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Critics Accuse YouTube of Dragging Out Return Process for Banned Channels

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A promise to let banned creators return rings hollow when only select ones get a second chance.

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YouTube is being criticized for what many see as backpedaling on its commitment to free speech, after pledging to restore banned accounts, only to continue removing new channels created by previously banned figures.

The initial assurance came in a letter dated September 23, 2025, addressed to House Judiciary Committee Chairman Jim Jordan.

In that communication, YouTube acknowledged its past enforcement actions, which included terminating channels over election-related and COVID-19 content under policies that have since changed. The company claimed that its current guidelines permit more room for such topics and asserted:

“Reflecting the Company’s commitment to free expression, YouTube will provide an opportunity for all creators to rejoin the platform if the Company terminated their channels for repeated violations of COVID-19 and elections integrity policies that are no longer in effect.”

The same day, YouTube posted a message on X describing a “limited pilot project” that would provide “a pathway back to YouTube for some terminated creators to set up a new channel.”

However, the platform immediately added that this option would only apply to a “subset” of creators.

The vagueness of the commitment raised suspicion, which intensified when two prominent figures, Infowars founder Alex Jones and “America First” host Nick Fuentes, launched new channels that were almost immediately taken down.

Cartoon purple monkey wearing a red cap holding a magnifying glass above the message "This page isn't available. Sorry about that. Try searching for something else." with the YouTube logo and a search bar below on a pale gray background.

On September 25, YouTube confirmed in a follow-up post that the pilot program wasn’t active yet and reiterated that users previously banned under its policies would have their new channels removed.

Screenshot of a tweet by verified Updates From YouTube (@UpdatesFromYT) stating that previously terminated creators trying to start new channels are still prohibited, the pilot program on terminations is not yet open, YouTube will terminate new channels from previously terminated users in accordance with Community Guidelines, and more details on a limited pilot program will be shared soon; posted Sep 25, 2025, 9:42 AM, 728.7K views.

This abrupt reversal drew widespread condemnation. Either YouTube is committed to backtracking on its mistakes or it’s not.

YouTube’s September 25 post was heavily ratioed, with users blasting the company for promoting a free speech revival while simultaneously doubling down on removals.

The disconnect between the public promise and its execution fueled accusations of insincerity.

While YouTube didn’t ban Jones and Fuentes under the now-defunct COVID or election integrity policies: Jones was booted in 2018 over what the platform labeled “hate speech,” and Fuentes was removed in 2020 for alleged violations of the same hate speech rule, many argue that the company’s overall stance still undermines the broader principle of open discourse.

By dragging out the reinstatement process and narrowing eligibility through an undefined pilot, YouTube is being accused of turning its supposed “commitment to free expression” into a hollow gesture.

The promise to Congress now appears to be less a genuine policy shift and more a tightly controlled PR maneuver.

Despite YouTube’s attempts to frame its evolving guidelines as a win for free speech, actions speak louder. Blocking even the chance to return, particularly after stating that creators could rejoin, reveals just how selective the platform remains in determining who gets to speak and who doesn’t.

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BC Ferries: Emails Change Everything- Committee to Haul In Freeland & Co.

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Dan Knight's avatar Dan Knight

Freeland, Public Safety, Seaspan, Irving, Ontario yards and unions to appear as MPs probe what Ottawa knew and when.

In Ottawa they call it “arm’s-length.” Out in the real world, people call it duck-and-cover. At Meeting No. 6 of the House of Commons transport committee, MPs confronted a simple, damning timeline: Transport Canada’s top non-partisan official was warned six weeks before the public announcement that BC Ferries would award a four-ship contract to a Chinese state-owned yard. Yet the former transport minister, Chrystia Freeland, told Parliament she was “shocked.” Those two facts do not coexist in nature. One is true, or the other is not.

There’s an even bigger betrayal hiding in plain sight. In the last election, this Liberal government campaigned on a Canada-first message—jobs here, supply chains here, steel here. And then, when it actually mattered, they watched a billion-dollar ferry order sail to a PRC state yard with no Canadian-content requirement attached to the federal financing. So much for “Canada first.” Turns out it was “Canada… eventually,” after the press release.

Conservatives put the revelation on the record and asked the only question that matters in a democracy: what did the minister know and when did she know it? The documents they cite don’t suggest confusion; they suggest choreography—ministerial staff emailing the Prime Minister’s Office on how to manage the announcement rather than stop the deal that offshored Canadian work to a Chinese state firm.

Follow the money and it gets worse. A federal Crown lender—the Canada Infrastructure Bank—underwrote $1 billion for BC Ferries and attached no Canadian-content requirement to the financing. In plain English: taxpayers took the risk, Beijing got the jobs. The paper trail presented to MPs is smothered in black ink—hundreds of pages of redactions—with one stray breadcrumb: a partially visible BC Hydro analysis suggesting roughly half a billion dollars in B.C. terminal upgrades to make the “green” ferry plan work. You’re not supposed to see that. You almost didn’t.

How did the government side respond? With a jurisdictional shrug. We’re told, over and over, that BC Ferries is a provincial, arm’s-length corporation; the feds didn’t pick the yard, don’t run the procurement, and therefore shouldn’t be blamed. That line is convenient, and in a technical sense it’s tidy. But it wilts under heat. The federal lender is still federal. The money is still public. If “arm’s-length” means “no accountability,” it’s not a governance model—it’s a get-out-of-jail-free card.

The fallback argument is economic fatalism: no Canadian shipyards bid, we’re told; building here would have taken longer and cost “billions” more. Maybe that’s true, maybe it isn’t—but it’s the sort of claim that demands evidence, not condescension. Because the last time Canadians heard this script, the same political class promised that global supply chains were efficient, cheap and safe. Then reality happened. If domestic capacity is too weak to compete, that’s not an argument for outsourcing permanently; it’s an indictment of the people who let that capacity atrophy. And if you swear “Canada first” on the campaign trail, you don’t bankroll “China first” from the Treasury bench.

Even the process looked like a master class in delay. The committee repeatedly suspended to “circulate” and “review” lengthy motions, while edits ricocheted across the witness list. There were pushes to pare back which ministers would appear at all, and counter-moves to tuck sensitive testimony behind closed doors. In the end, members nudged toward a compromise—Public Safety in open session, other national-security witnesses in camera—but the pattern was unmistakable: every procedural minute spent on choreography was a minute not spent on the timeline.

And after all that stalling, here’s who they’re hauling in—because even Ottawa’s fog machine couldn’t hide the paper trail forever.

They moved to recall Chrystia Freeland herself—the minister who claimed to be “shocked” after her own department had a six-week head start. She’s the centerpiece witness, and rightly so.

On the security front, the Public Safety Minister is slated for an hour in public, followed by an hour with officials, while the national-security reviewers will give their evidence in camera—translation: the part you most want to hear will happen behind closed doors.

Industry voices are on deck too: Seaspan (the transcript garbles it as “C-Span”), Irving Shipbuilding, plus labour and trade heavyweights—the BC Ferries & Marine Workers’ Union, BC Building Trades, the BC Federation of Labour, the Shipyard General Workers Federation, and the Canadian steel producers—the people who can say, under oath, exactly what Ottawa knew and when the alarm bells rang.

They even tacked on Ontario shipyards via a “friendly amendment”—because apparently no one thought to ask central Canada’s yards until the story blew up.

And then the hedge: Liberals worked the amendments to pare back which ministers would face the lights—especially Revenue and Labour—prompting Conservatives to call the move “intolerable.” In other words, invite the easy witnesses, bury the consequential ones. The fight over those two remained live at that point.

So yes, the committee will finally hear from the people who matter—Freeland, Public Safety, shipyards, unions, steel. But notice the choreography: showcase the safe bits in public, tuck the sensitive parts out of view, and keep chipping away at the ministerial witness list. That’s not transparency; that’s stage management with a security badge.

Strip away the talking points and what remains are questions no serious government would duck. When did the minister learn the contract was going to China? What did her office tell the PMO and when? Why did a federal loan—the leverage Ottawa actually controls—carry zero requirement to build any of it here? And why are the documents that might answer those questions buried under redactions thick enough to pave a road?

Canadians are not children. They understand that ferries are essential and that delays are costly. They also understand something else: when a government runs on Canada first and then cheers from the dock as the jobs steam away, that’s not “arm’s-length.” That’s arm’s-length accountability—which is to say, none. Until the emails are unredacted and Chrystia Freeland answers the timeline under oath, the government’s position amounts to this: trust us, the money’s independent, the decisions were someone else’s, and the facts you’re not allowed to see fully vindicate us. Sure. And the check is in the mail.


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