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Speaker 1: Good Eating America. Happy Thursday.

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Speaker 2: Welcome to the latest edition of justin News, No Noise.

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Speaker 2: I'm your host, John Solomon.

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Speaker 1: You know that for reporting to you.

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Speaker 2: It's always from the Nation's Capital and the Wirefishcoffee dot

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Speaker 2: Com studios. You know this Wire to Fish Coffee is

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Speaker 2: the official coffee of justin News. Go over right now

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Speaker 2: to wire the number two Fishcoffee dot Com. Get a

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Speaker 2: fantastic ten percent discount just by using the promo.

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Speaker 1: Code just News at checkup. Go do it. It'd be

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Speaker 1: a lot of fun, all right.

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Speaker 2: Today has been an extraordinary day of triumph and tragedy

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Speaker 2: inside the Nation's Capital. The triumph well belongs to President

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Speaker 2: Trump and House Republicans, who, after an all night session,

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Speaker 2: approved by a single vote. That's right, one vote the

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Speaker 2: president Legislative Agenda, also known as the One Big Beautiful Bill,

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Speaker 2: it now heads to the Senate an impossible July fourth passage. Meanwhile,

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Speaker 2: there is sorrow and pain tonight for the loss of

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Speaker 2: a young couple who work together at the Isue Embassy.

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Speaker 2: In fact, they we're about to be engaged this after

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Speaker 2: a gunman chanting Free Palestine shot them dead last night

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Speaker 2: outside of a Jewish Museum in Washington, DC. It's a painful

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Speaker 2: reminder that anti Semitism and intolerance are alive and well.

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Speaker 1: In this country.

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Speaker 2: The FBI says it was a targeted attack and an

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Speaker 2: act of terrorism, and the shooter was just charged a

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Speaker 2: few minutes ago with two counts of murder of foreign officials.

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Speaker 2: We have lots more of that all over at justinews

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Speaker 2: dot com. Now tonight, we're going to do a deep

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Speaker 2: dive into one of the biggest challenges America faces dealing

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Speaker 2: with our neighbors to the north in Canada, in the

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Speaker 2: air of Trump tariffs, no future trade deal will be

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Speaker 2: watched more closely than the one Trump in Canadian Prime

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Speaker 2: Minister Mark Carney will try to negotiate in the coming weeks.

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Speaker 2: The future of America's economy, its energy security, and the

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Speaker 2: heights of its energy hungry artificial intelligence revolution will be

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Speaker 2: defined greatly by what comes of those negotiations. Tonight, you're

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Speaker 2: going to come face to face with the players on

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Speaker 2: the front lines of this high stakes drama. They include

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Speaker 2: oil and gas CEOs on both sides of the border.

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Speaker 2: The US Ambassador to Canada, petex Oaks Stress, someone you

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Speaker 2: know pretty well and for the first time on this show.

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Speaker 2: The premiere of Canada's energy and mineral rich province of Alberta,

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Speaker 2: Danielle Smith guess what her voters may soon decide whether

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Speaker 2: that province will succeed from Canada in protest of the

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Speaker 2: Canadian federal government's energy stifling climate agenda.

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Speaker 1: Tonight is a chance for.

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Speaker 2: All of us to get educated on this generation defining

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Speaker 2: moment between Canada and the United States. Amanda, this is

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Speaker 2: on show on Mike, a show we've ever done before.

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Speaker 2: Pretty big good discussion, big big risks in gains potentially

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Speaker 2: ahead for America.

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Speaker 3: Absolutely, I can't wait to hear from the premiere because

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Speaker 3: this is a beautiful, beautiful province in Canada, probably one

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Speaker 3: of the most resource rich and yet abused by Ottawa.

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Speaker 3: So I'm looking very forward to talking to her. But

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Speaker 3: you're right, I mean, this is a relationship that goes

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Speaker 3: beyond economic ties, beyond trade, beyond energy. It's a we've

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Speaker 3: always historically and traditionally had a very close relationship because

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Speaker 3: of our similar values. So to work out the other

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Speaker 3: things I think behooves both countries. So I'm looking forward

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Speaker 3: to figuring out how we do that.

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Speaker 2: Yeah, Danielle Smith, the premier we're going to meet in

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Speaker 2: the third block of the show, compared to President Trump,

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Speaker 2: sort of the mag of Canada. We've been told. I

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Speaker 2: can't wait to have that interview. The future of our

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Speaker 2: two countries are going to be defined, and it could

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Speaker 2: be very different depending on how all this works out.

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Speaker 2: That's why we're having this conversation tonight.

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Speaker 4: All right.

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Speaker 2: Just a little while ago, Man and I got a

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Speaker 2: chance to sit down with the CEOs of two of

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Speaker 2: Canada's largest energy companies control a good part of the

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Speaker 2: oil and gas that comes out of Alberta. We learned

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Speaker 2: a lot of fact that was shocked about what's going

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Speaker 2: on behind the scenes of this trade deal. Have to

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Speaker 2: listen to what we just had a conversation over all right,

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Speaker 2: joining us now a geologist and the founder and CEO

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Speaker 2: of Tomally Oil, on the largest cast companies in Canada.

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Speaker 2: Micro sir, good to.

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Speaker 1: Have you on.

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Speaker 4: Great Thanks for having me.

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Speaker 2: I don't think a lot of people understand just how

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Speaker 2: integrated the Canadian and US energy markets are. And there

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Speaker 2: was a little bit of friction now but just at

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Speaker 2: the political level, but day to day Canada America when

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Speaker 2: it comes to energy, we're sewed together pretty tightly, aren't we?

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Speaker 4: Absolutely, And we've been working together for years.

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Speaker 1: We move one and a.

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Speaker 5: Quarter of BCF a day to markets, certain markets within

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Speaker 5: the US and love doing it. And my two favorite

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Speaker 5: directors of Termaline are actually U S e MP people.

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Speaker 1: How about that?

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Speaker 6: I love that.

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Speaker 3: I love that. So when it comes to important export

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Speaker 3: amounts between your country and our country, what does that

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Speaker 3: look like?

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Speaker 5: Well, Canada ships, you know in the winter up to

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Speaker 5: nine bcf a day to the US certain parts of

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Speaker 5: the US that are serviced by the pipelines that we use.

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Speaker 5: So large parts of the US don't use Canadian gas,

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Speaker 5: but you know, the Midwest, California depends quite heavily on

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Speaker 5: natural gas, and there's about four million barrels a day

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Speaker 5: of refinery friendly Canadian heavyish oil that makes it into

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Speaker 5: the US refining areas and they depend on that oil.

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Speaker 5: And so yeah, we're we move hydrocarbons back and forth

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Speaker 5: across the border for each other's benefit.

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Speaker 1: Amazing.

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Speaker 2: We're about to enter into an era of extraordinary energy demand.

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Speaker 2: The artificial intelligence era is going to put a lot

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Speaker 2: of stress on our energy system to get more and

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Speaker 2: more and more. What are some of the opportunities for

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Speaker 2: Canada to help fulfill America's voracious appetite for oil and gas.

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Speaker 5: Well, we can increase our exports of natural gas certainly,

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Speaker 5: and Canada is just about to enter the world element

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Speaker 5: g market. We've been shipping gas US to the Gulf

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Speaker 5: Coast for over two years now to the liquefaction complex

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Speaker 5: down there, and then AI on both sides of the

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Speaker 5: border is an added sleeve of demand that, to be fair,

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Speaker 5: I don't think you know, really most of us on

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Speaker 5: the producing side, we're thinking about two years ago. And

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Speaker 5: I just hope AI doesn't get good enough to replace geologists.

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Speaker 1: Yeah, we're going to work on that.

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Speaker 3: Yeah, glet just have a great subset of knowledge, and

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Speaker 3: I think it's more nuanced than a computer can figure out.

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Speaker 3: I hope anyway, me too. When it comes to economic growth,

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Speaker 3: that is something that President Trump talked about in his

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Speaker 3: first term and of course this turn this term as well.

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Speaker 3: And I know Canada is in desperate need of a

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Speaker 3: growing economy as well. How can energy help drive that?

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Speaker 5: Well, the Canadian energy sector actually offers the country, our country,

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Speaker 5: the greatest short term economic growth that we have. I mean,

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Speaker 5: we're blessed with an abundance of resources, but the shortest cycle.

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Speaker 4: Deliverable is really oil and gas.

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Speaker 5: And we have the capability to in very short order

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Speaker 5: increase our gas production by fifty percent and our oil

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Speaker 5: production by between twenty five and fifty percent. And I

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Speaker 5: think Canada had the worst GDP growth per capita in

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Speaker 5: the last decade in the g twenty. So yeah, we've

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Speaker 5: got some work to do, and we'd love to work

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Speaker 5: with whatever government is here to make that happen.

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Speaker 1: Yeah, that's so important. Americans.

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Speaker 2: Remember the excitement about having the Trans Canada pipeline and

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Speaker 2: then it disappearing because of a regulatory battle.

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Speaker 1: Here in the United States.

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Speaker 2: Is there a moment ahead to be talking about a

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Speaker 2: new set of pipelines between Canada and Canada the United States,

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Speaker 2: maybe from all the way down to Houston. Is that

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Speaker 2: a reality something that's being talked about behind the scenes.

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Speaker 5: I think it's being talked about behind the scenes. I

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Speaker 5: think you're referring to Keystone XCEL. I'm sorry, and you

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Speaker 5: know it got pulled. I've been kind of pushing up

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Speaker 5: here for some time that you know, we can think

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Speaker 5: about Keystone XL again and should and when we do,

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Speaker 5: we should build a gas pipeline too and take it

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Speaker 5: straight to the Gulf, and that'll be great for both

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Speaker 5: countries because the Gulf Coast liquefaction complex in the United

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Speaker 5: States is, you know, in the process of doubly and

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Speaker 5: I think there's going to be an increasing call on

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Speaker 5: gas from the Western Canadian sedimentary basin as well as

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Speaker 5: the three big supply basins in the United States. So

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Speaker 5: it's a golden age of gas, is what I call it.

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Speaker 5: The only problem is I've been when I made that slide,

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Speaker 5: it was nine years ago, but I think it's finally here.

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Speaker 3: S speaking of pipelines, hot button issue the Constitution pipeline

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Speaker 3: and a President Trump met with Kathy Hokel was that

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Speaker 3: a couple of months ago and they supposedly talked about

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Speaker 3: and talked about it. But what do you know on

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Speaker 3: your side of the border as far as if that

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Speaker 3: is going to move to development?

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Speaker 4: Yeah, probably not a lot more than you.

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Speaker 5: But you know, we need all pipelines and new ones,

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Speaker 5: and there already are a lot of pipelines for people

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Speaker 5: that you know, feel.

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Speaker 4: They need to block them. If you actually look at

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Speaker 4: a map on.

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Speaker 5: Both sides of the border, there are a lot of

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Speaker 5: pipelines that are operating safely all the time, and the

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Speaker 5: new ones the way they're designed and built, will be

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Speaker 5: safer yet still, so we need them all. We've got

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Speaker 5: huge energy demand growth in both of our countries and really.

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Speaker 4: Around the world, and energy sourcing.

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Speaker 5: It's a it's an end discussion, not or we need

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Speaker 5: more of everything.

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Speaker 1: Yeah, we do. So I got about the middle of

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Speaker 1: that real quickly.

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Speaker 2: Obviously, Canada has a you know, prime minister who's as

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Speaker 2: a strong aggressive climate change agenda. America has a president

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Speaker 2: who wants to grow that energy. What are the ways

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Speaker 2: that industry can work even as the politics of the

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Speaker 2: two leaders work out.

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Speaker 5: I think, you know, we can find that balance between

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Speaker 5: energy in the environment. You know, Canada produces a monks well,

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Speaker 5: I think we produce the lowest emission natural gas in

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Speaker 5: the world. So there's a really strong environmental story and

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Speaker 5: a really strong economic revenue growth story and they go together.

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Speaker 5: And we want Canada and the US to be the

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Speaker 5: world's energy superpower.

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Speaker 4: That's what we're promoting.

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Speaker 5: You know, of the ten largest oil and gas producers

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Speaker 5: in the world, only two of them are democracies. Ten

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Speaker 5: in the United States, and I think we should run

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Speaker 5: the table and we should lead the world and responsibly

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Speaker 5: produce low emission hydergardons.

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Speaker 2: Yeah, it doesn't have to be an either or scenario,

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Speaker 2: as a sometimes falsely portray Sure. Yeah, Micros founder, CEO

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Speaker 2: and chairman of Tomberlino.

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Speaker 1: Great to have you one, Thanks for joining us.

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Speaker 4: Yeah, thanks for having me. That was fun.

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Speaker 1: Yeah, what a great conversation.

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Speaker 2: All right, folks, to run away to another leader in

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Speaker 2: the energy sector in our neighbor to the Northern Canada,

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Speaker 2: the President and CEO Ofventive, Brendan mccrackett.

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Speaker 1: Brendon, we're gat to have you on the show.

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Speaker 7: Hey, John, great to be here.

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Speaker 1: We we love having you on. This is an extraordinary moment.

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Speaker 2: I know a lot of people worry about, well how

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Speaker 2: well Canada and US work out its differences at the

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Speaker 2: political level, But below the political level, the integration, the

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Speaker 2: work between American energy and Canadian energy. It's stronger and

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Speaker 2: growing faster than I think anytime in my career. Tell

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Speaker 2: us a little bit about what you see behind the

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Speaker 2: scenes that most Americans might not see.

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Speaker 6: Yeah, I think I mean you said the keyword there

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Speaker 6: was his integration. You know, I think you know when

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Speaker 6: we zoom out and look at the energy dominance agenda

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Speaker 6: that we've now seen unveil both in the US and Canada.

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Speaker 6: You know, one of things that we see is the

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Speaker 6: US is energy independent in the sense that it produces

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Speaker 6: more oil than it consumes. But when you dig under

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Speaker 6: that headline, there's some important details. So here in the

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Speaker 6: US we actually import forty percent of our oil consumption,

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Speaker 6: and Canada is the dominant supplier of that imported oil.

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Speaker 6: And every basin in the world produces oil with different compositions,

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Speaker 6: and as a function of the producing basins we have

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Speaker 6: here in the US, we're long light oil and short

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Speaker 6: heavy oil, and Canada is the exact opposite. It's long

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Speaker 6: heavy oil and short light oil. And that's made for

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Speaker 6: a great match and in fact has been for the

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Speaker 6: US consumer a huge buy low and sell high advantage

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Speaker 6: because they've been able to buy Canadian energy at a

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Speaker 6: discount to global prices. On the natural gas side, it's

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Speaker 6: not quite as pronounced, but the US still is a

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Speaker 6: net importer of Canadian gas. We import about nine percent

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Speaker 6: of our natural gas consumption and Canada is the only

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Speaker 6: supplier of that import. So Mike I mentioned this is

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Speaker 6: a great news story for American consumers. The US gets

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Speaker 6: that Canadian energy at a discount. Looking over the past

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Speaker 6: several years, the interconnectedness of our energy systems have meant

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Speaker 6: that the US gets Adian oil at about a twenty

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Speaker 6: percent discount and Canadian national gas set up to a

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Speaker 6: sixty percent discount to global prices. So it's been a

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Speaker 6: really powerful part of the economic engine for Americans.

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Speaker 1: That's a pretty good deal.

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Speaker 3: Brendan, I think of three things, oil, cattle, and rodeos.

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Speaker 3: And I'm not talking about Texas. I'm talking about Alberta.

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Speaker 3: How does Alberta You know, you've got a different political

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Speaker 3: climate in Ottawa certainly than you do in Ottawa. How

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Speaker 3: do they manage that political difference and still manage to

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Speaker 3: be so profitable when it comes to the energy sector.

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Speaker 6: Well, I think this is the great thing about the

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Speaker 6: two countries. You know, we have shared values and in

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Speaker 6: a lot.

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Speaker 7: Of ways of shared history.

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Speaker 6: And today what we're seeing on the agenda in both

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Speaker 6: the United States and Canada is this energy dominance policy approach,

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Speaker 6: and we see that as one of the biggest strategic

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Speaker 6: advantages for both the United States and Canada. You know,

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Speaker 6: think about how the role energy is playing for US today. Affordable, reliable,

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Speaker 6: safe and secure energy underpins everything in our modern lives,

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Speaker 6: all the way from the mobility that we enjoy, the

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Speaker 6: process heat that lets us produce the steel and concrete

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Speaker 6: that fuel our industry, the fertilizer that we depend on

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Speaker 6: in our food supply, to the electricity that's running our technology, which,

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Speaker 6: by the way, is about to see a huge energy

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Speaker 6: demand exposion explosion due to artificial intelligence. So I think,

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Speaker 6: you know, you've got just three great reasons why energy

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Speaker 6: dominance should be a North American answer. The economics, the geography,

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Speaker 6: and the shared values. And you know, I've already described

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Speaker 6: the interdependence and the price advantage that the US has

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Speaker 6: to access Canadian energy. But from an economics perspective, the

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Speaker 6: two most economic basins in the world today are the

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Speaker 6: Permian in West Texas and the Mamani in Alberta and

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Speaker 6: British Columbia. These are the lowest cost sorts of energy

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Speaker 6: supply that it's reliable in the world today, and it

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Speaker 6: just makes economic sense for our two countries to cooperate

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Speaker 6: and have production from these resources. And the geography is

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Speaker 6: just a natural fit as well. You know the same

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Speaker 6: reason that our two countries are working together on defense,

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Speaker 6: is the same reason that we should be working together

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Speaker 6: on energy. We're just deeply interconnected because we're neighbors. And

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Speaker 6: then finally, we just have a long history of share values.

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Speaker 6: You know, bo, both countries have the highest standards for

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Speaker 6: rule of law, free market safety, protection of the environment,

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Speaker 6: and human rights. And that doesn't mean we always agree

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Speaker 6: on everything, and that's okay, but we've worked and thought

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Speaker 6: for these values together for a long time.

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Speaker 1: Yeah, that's true, and I think they will.

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Speaker 2: Those values and those relationships are going to withstand any

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Speaker 2: temporary political climate that we're in. I want to ask

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Speaker 2: the same question I asked Mikeros, and that is, do

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Speaker 2: you think there is a moment in the near future

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Speaker 2: where we'll see new pipeline construction between Canada and the

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Speaker 2: United State's both oil and gas, and do you think

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Speaker 2: Canadian companies may create more They already have quite a

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Speaker 2: few subsidies, but more American subsidiaries to work around terraficies.

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Speaker 6: You know, I think on the interconnectedness through the pipelines,

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Speaker 6: I think that will come. I think, you know, today,

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Speaker 6: obviously Canada is looking to global markets and accessing accessing

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Speaker 6: global markets for their exports.

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Speaker 7: But think about the world's energy needs.

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Speaker 6: Here, we're talking about a thirty percent growth and energy

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Speaker 6: needs across the world that's going to be driven by prosperity,

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Speaker 6: you know, billions of people becoming more prosperous and requiring

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Speaker 6: more energy in their daily lives.

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Speaker 7: But also the data side.

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Speaker 6: Of this and the artificial intelligence side of this is

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Speaker 6: going to drive a massive energy growth, energy requirement growth,

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Speaker 6: and so it's going to be I think very much

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Speaker 6: Canada in the US are going to continue to interconnect

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Speaker 6: our two markets over time.

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Speaker 2: Yeah, that's going to be an extraordinary thing to watch,

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Speaker 2: as it has been for the last decade too, because

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Speaker 2: a lot of progress has been made in the last decade.

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Speaker 2: Brenda McCracken, President and CEO of Event is great to

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Speaker 2: have you on the show.

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Speaker 1: To you, thanks for joining us. Thanks John, Yeah, I

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Speaker 1: really enjoyed that conversation.

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Speaker 2: All right, folks, after the break, we're gonna talk to

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Speaker 2: the American side of things with US Oil and Gas

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Speaker 2: Association President, good friend of the show, Tim Stewart.

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Speaker 1: Right after these messages,