2025 Federal Election
The Cost of Underselling Canadian Oil and Gas to the USA
From the Frontier Centre for Public Policy
Canadians can now track in real time how much revenue the country is forfeiting to the United States by selling its oil at discounted prices, thanks to a new online tracker from the Frontier Centre for Public Policy. The tracker shows the billions in revenue lost due to limited access to distribution for Canadian oil.
At a time of economic troubles and commercial tensions with the United States, selling our oil at a discount to U.S. middlemen who then sell it in the open markets at full price will rob Canada of nearly $19 billion this year, said Marco Navarro-Genie, the VP of Research at the Frontier Centre for Public Policy.
Navarro-Genie led the team that designed the counter.
The gap between world market prices and what Canada receives is due to the lack of Canadian infrastructure.
According to a recent analysis by Ian Madsen, senior policy analyst at the Frontier Centre, the lack of international export options forces Canadian producers to accept prices far below the world average. Each day this continues, the country loses hundreds of millions in potential revenue. This is a problem with a straightforward remedy, said David Leis, the Centre’s President. More pipelines need to be approved and built.
While the Trans Mountain Expansion (TMX) pipeline has helped, more is needed. It commenced commercial operations on May 1, 2024, nearly tripling Canada’s oil export capacity westward from 300,000 to 890,000 barrels daily. This expansion gives Canadian oil producers access to broader global markets, including Asia and the U.S. West Coast, potentially reducing the price discount on Canadian crude.
This is more than an oil story. While our oil price differential has long been recognized, there’s growing urgency around our natural gas exports. The global demand for cleaner energy, including Canadian natural gas, is climbing. Canada exports an average of 12.3 million GJ of gas daily. Yet, we can still not get the full value due to infrastructure bottlenecks, with losses of over $7.3 billion (2024). A dedicated counter reflecting these mounting gas losses underscores how critical this issue is.
“The losses are not theoretical numbers,” said Madsen. “This is real money, and Canadians can now see it slipping away, second by second.”
The Frontier Centre urges policymakers and industry leaders to recognize the economic urgency and ensure that infrastructure projects like TMX are fully supported and efficiently utilized to maximize Canada’s oil export potential. The webpage hosting the counter offers several examples of what the lost revenue could buy for Canadians. A similar counter for gas revenue lost through similarly discounted gas exports will be added in the coming days.
What Could Canada Do With $25.6 Billion a Year?
Without greater pipeline capacity, Canada loses an estimated (2025) $25.6 billion by selling our oil and gas to the U.S. at a steep discount. That money could be used in our communities — funding national defence, hiring nurses, supporting seniors, building schools, and improving infrastructure. Here’s what we’re giving up by underselling these natural resources.
342,000 Nurses
The average annual salary for a registered nurse in Canada is about $74,958. These funds could address staffing shortages and improve patient care nationwide.
Source
39,000 New Housing Units
At an estimated $472,000 per unit (excluding land costs, based on Toronto averages), $25.6 billion could fund nearly 94,000 affordable housing units.
Source
About the Frontier Centre for Public Policy
The Frontier Centre for Public Policy is an independent Canadian think-tank that researches and analyzes public policy issues, including energy, economics and governance.
2025 Federal Election
Judicial recounts could hand Mark Carney’s Liberals a near-majority government
From LifeSiteNews
Three official federal recounts are underway in ridings and the Liberal Party could gain one more seat, leaving it just one short of establishing a majority government.
Three judicial recounts are underway in Canadian federal ridings from the April 28 federal election, the outcomes of which could mean Prime Minister Mark Carney’s Liberals possibly securing a majority government if he gets help from the New Democratic Party.
A recent recount in the Quebec riding of Terrebonne saw the Liberals win by one vote over the Bloc Québécois, the closest election call since 1963.
There is a recount underway in the Terra Nova-The Peninsulas riding in Newfoundland and Labrador that the Liberals won by just 12 votes on election night.
In another riding, in Milton East-Halton Hills South, Ontario, a recount is taking place after the Liberals won by only 29 votes.
In the riding of Windsor-Tecumseh-Lakeshore, Ontario, a recount is occurring after the Conservatives won the riding by 77 votes.
Should the Liberals manage to hold onto and flip another riding in their favor, they would be ever closer to forming a majority government.
Carney was elected Prime Minister after his party won a minority government. Carney beat out Conservative rival Pierre Poilievre, who lost his seat. The Conservatives managed to pick up over 20 new seats, however, and Poilievre has vowed to stay on as party leader for now before running in a by-election.
As reported by LifeSiteNews, the interim leader of Canada’s far-left New Democratic Party (NDP) has claimed the Liberal Party is contacting its MPs to find out whether they want to cross the floor to help secure a majority government under Carney.
The Liberals have 170 seats, just two shy of a majority. The NDP has seven seats, which is 12 short of official party status. Former NDP leader Jagmeet Singh resigned after losing his seat in the April election.
Under Carney, the Liberals are expected to continue much of what they did under former Prime Minister Justin Trudeau, including the party’s zealous push in favor of abortion, euthanasia, radical gender ideology, internet regulation, and so-called “climate change” policies.
From LifeSiteNews
Mark Carney says unlike his predecessor Justin Trudeau, the Liberals will not be making a voting pact with the left-wing New Democratic Party.
Prime Minister Mark Carney has said that his Liberal Party, which formed a minority government last week, will not be forming a voting pact with the far-left New Democratic Party.
Speaking to reporters last week, Carney replied “no” when asked by a reporter if he would be “pursuing a formal governing pact of any kind with the NDP.”
The reporter followed up asking, “Why not?” to which Carney replied, “Why?” adding, “That’s my answer.”
Last week’s election saw Liberal leader Carney beat out Conservative rival Pierre Poilievre, who also lost his seat to a Liberal rival. Poilievre’s riding was unusual in that it had 90 candidates named on the ballot, making the voting list in that riding incredibly long.
The Conservatives managed to pick up over 20 new seats, and Poilievre has vowed to stay on as party leader, for now, and will soon run in a by-election to try and regain his seat.
As it stands now, the unofficial results show the Liberals at 169 seats, which is four short of a majority. The Conservatives have 144 seats, the Bloc Québécois have 22 seats, the NDP has 7 and the Green Party has one.
In 2022, while also leading a Liberal minority government, former Prime Minister Justin Trudeau concocted a Supply And Confidence Agreement with former NDP leader Jagmeet Singh. Under the agreement, the NDP would protect the Liberals from being ousted via a vote of non-confidence in exchange for the Liberals supporting certain NDP-led legislation.
Carney’s insistence that he will not make such an agreement means it remains to be seen how his government will garner the votes necessary to pass legislation.
Alberta’s oil bankrolls Canada’s public services
Canada’s oil sector is built to last, unlike its U.S. counterpart
Freedom Convoy leader Tamara Lich to face sentencing July 23
RCMP warns Central Alberta property owners of paving contractor scams
-
Alberta1 day ago
Alberta’s oil bankrolls Canada’s public services
-
Alberta1 day ago
Canada’s oil sector is built to last, unlike its U.S. counterpart
-
COVID-191 day ago
Freedom Convoy leader Tamara Lich to face sentencing July 23
-
Business1 day agoThe ESG Shell Game Behind The U.S. Plastics Pact
-
Alberta1 day agoAlberta’s industrial carbon tax freeze is a good first step
-
Alberta2 days agoCarney government should end damaging energy policies amid separatist sentiment in Alberta
-
Business2 days agoTariffs Get The Blame But It’s Non-Tariff Barriers That Kill Free Trade
-
Banks1 day agoInternational Monetary Fund paper suggests CBDCs could turn society cashless