Canadian & Venezuelan Oil and Conservative Machinations

Canadian & Venezuelan Oil and Conservative Machinations 

 

In fact, the quicker a transition happens, the cheaper it will be. Even without taking into account the savings to be made from avoiding costly climate disasters, a University of Oxford study found a shift to renewables by 2050 could save the global economy at least $12 trillion (€10.2 trillion) in energy system costs. As compared to sticking with fossil fuels.

-       How clean energy could save us trillions, DW News

 

By Gregg Wall (1-10-2026)

2026 started out with the overthrow, or coup, inside Venezuela.  Nothing upsets America’s parasite class, billionaires & corporations, like public ownership of resources, especially oil & gas.  By now, the playbook is well established… after impoverishing Venezuela with economic sanctions, crippling debt, and ensuring the nation couldn’t revitalize its oil & gas infrastructure for the largest proven oil reserves in the world, King Donnie went in for the kill.  Maduro was snatched and deposited in a New York courtroom, along with Mrs. Maduro, just three days into the new year.  Trump told the Venezuelan Vice President (paraphrase) we can do this the easy way or the exceptionally nasty way, but the oil is ours… $2.8 billion in Venezuelan oil has been pledged to the United States (as of this writing), with America controlling future sales indefinitely. 

Venezuelan crude is a direct threat to Canadian crude sales, both nations have sour or more commonly referred to as heavy crude, which America’s antiquated refineries depend upon.  Presently, Canada provides nearly all of America’s sour crude needs, this arrangement, which has been highly beneficial to America’s oil robber barons and Wall St royalty, could eventually come undone thanks to Trump’s Venezuelan pirate raid.  The fact that it would only take several billion dollars to update America’s refineries to process American sweet crude never appears to come up… the American refinery upgrades or retrofits are a fraction of America’s annual war budget, a fraction of America’s forever wars in the Middle East and around the globe.  Such is the corruption, insanity, and blood lust that is the U.S. empire. So much for the lie that is: Drill Baby Drill. 

Trump’s motivations for moving on Venezuela are many & varied.  Trump's catalogue of economic, ethical, & political failures is legion... So, like his predecessors, Trump pivoted to foreign policy to demonstrate his power, while underlining & highlighting his failures domestically.  What are those failures at home?  Trump pivoted to colonialism, foreign policy, war, & violence as a deflection & distraction from: Epstein, the affordability crisis, homelessness & healthcare, debt & deficits, soaring poverty in the United States, prop up U.S. dollar hegemony, push oil as a reserve asset, further oil & gas domination in global energy, and separately, for geopolitical reasons (see China & Russia).

Likewise, Canadian Conservative leadership’s motivations for pushing another oil & gas pipeline to the Pacific Ocean are many & varied, but also provide cover for, and center around, endemic failure of the conservative government in Alberta, presently under investigation (and more generally, the failure of deregulation, financialization, and libertarianism countrywide).  Very much like Trump’s motivations, the full story and set of facts have not been provided & presented to the Canadian public.  Like America’s conservative leaders… Trump, Dems, & GOP… Canada’s conservative leaders… Carney/Smith/Pierre, Libs, & Tories…are beset on all sides by an array of economic, fiscal, and monetary policy failures.  Financialization, crony government, monopoly, oligarchy, billionaires, greed as the paramount economic motivation, privatization scams… drain the economy, kill jobs and opportunity, destroy standards of living, present political instability, and syphon taxpayer money and central bank credit lines out of the state and into the coffers of the billionaire class & major corporations (setting off a doom loop of corruption & decay).  It truly is a hideous spectacle and is seen throughout the West.  Hence, conservatives clinging to the one true messiah, oil & gas.  A bigger lie has never been told and the endless brainwashing & propaganda surrounding this industry is second to none.

With that said, the Canadian oil play and conservative pitch.  

As Venezuelan sour crude is a direct competitor and threat to Canada’s/Alberta’s land locked sales to the United States, Canadian Conservatives - surprising no one - made an immediate pitch for more corporate welfare and socialism for an oil & gas industry swimming in profits; that is, yet another pipeline to the British Columbia coast (presumably at taxpayer expense, exactly like Trudeau’s recent pipeline).  The idea is Canada oil & gas can ill afford to be dependent solely on a US market (allegedly, soon to be swimming in Venezuelan sour crude, per the conservatives; Venezuelan oil that is being hijacked & taken over by Trump, the Oil Majors, & the American gov).  Canadian Conservatives, Poilievre & Smith, made alarming & shrill pitches on the X platform, attempting to stampede the public into immediate buy-in and support, without giving the full picture, without fully explaining Canadian oil & gas isn’t what it seems & hasn’t been for some time.  In fact, Canadian O&G is complete economic blasphemy directly aimed at the beating heart of the Canadian economy & federal and provincial governments’ fiscal affairs.   

Let’s cut to the chase:

·      The oil & gas industry is a blood sucking parasite on Canada & particularly Alberta.

·      It sucks up tens of billions in externalities & subsidies from the Canadian public & taxpayer, far more than it pays in taxes & royalties. 

·      Bleeds Canadians dry, while profits are realized in America.

·      Tar sands are American owned.

·      The industry murders 1 in 5.

·      Entire wars are fought on behalf of this industry, often to control & manipulate supply, markets, and prices. 

·      Presently, O&G is gutting its Alberta work force.

Moreover, the so-called Alberta Advantage is a lie, particularly when coupled with the “equalization” lie.  The equalization lie or myth is that Alberta pays more in taxes to the Federal government, and believes it to be a poor return, but conveniently leave out of the equation the tens of billions of dollars in externalities & welfare paid by the Canadian taxpayer and public on behalf of the O&G industry, annually. That is, if externalities (i.e. known costs & expense) were billed to the O&G industry and/or Alberta (like most other industries in America and Canada), the O&G industry would more than likely cease to exist, almost certainly in its present form, as the impact would be to double retail fuel prices, perhaps even higher.  Given the advances in renewable energy, O&G would likely be finished or at the minimum, consumption would be significantly reduced.

Importantly, there is presently no commitment from American owned Alberta oil fields to build another pipeline through British Columbia to the Pacific with their money.

Nor can Canada, to the best of my knowledge, order American companies where to direct Alberta fuel.  The Americans are making a killing on Alberta crude by sticking Canada with the bill, while the Canadian oil is sold in America at a steep discount but sold in the retail market, once processed, at a significant profit. By the way, this arrangement… Canadians pay for this abortion of an energy source, while American ownership profits… occurs whether the fuel is sold in Asia, China, or the U.S.

And we could go on. 

Notice, the points made above direct our thinking, not only to pipelines, but the sustainability & the viability of the industry, itself.  While I fully acknowledge the industry cannot go away, entirely, overnight, why should the public and the taxpayer continue to expand and build out infrastructure?  Why continue to support an industry that generates 5 to 7% of GDP, that does incalculable harm to human life, the environment, water, wildlife, and the planet (in the hundreds of billions of dollars, globally trillions in damages).  An industry that is a gross misallocation of taxpayer resources, that generates tens of billions in externalities annually… that clearly has zero intention of paying for cleanup, remediation, and bodily injury, economic and physical damage.  Why must Canadians continue to funnel money into this lethal and malign industry, when the future… free, clean, affordable renewal energy… is here.  A renewable energy industry that actually hires Canadians, versus a lethal & regressed oil & gas industry that is gutting its workforce, despite receiving tens of billions in corporate welfare, subsidies, and externalities annually.  If your expecting gratitude from American ownership of the Alberta tar sands… you’ll find zero gratitude from American robber barons, only insatiable greed and Canadian Conservatives willing to do the industry’s bidding.

The argument that King Donnie is using his Venezuelan power play to further harm the Canadian economy and make Canada more ripe for a hostile takeover, only adds up if we continue down the path of spending tens of billions of dollars annually on the ultimate welfare queen, the O&G industry.  Canada must pivot investment & subsidies into the future: clean, renewable energy, and stop dumping money into Fort McMurray’s American owned BLACK HOLE.

Perhaps a bigger question still, why are our elected officials afraid to have this conversation?  Either they are ignorant as to the issues outlined above or they are shills for the oil & gas sector and just parroting the industry’s talking points… either scenario is entirely unacceptable.  As is the dereg, libertarian economic paradigm… a paradigm that stands for: privatized profits, socialized cleanup, expenses, externalities, and infrastructure. 

As important why are Canadian Conservatives placing America first, Canadians dead last?

Copyright JM Hamilton Publishing 2026

2025: The Year in Review

2025: The Year in Review 

 

Finally, financialization can impede overall economic growth, dragging the entire global economy down. Researchers from the Bank for International Settlements surveyed international economies and found that financial booms can create “bloat” in the global economy that drags resources away from productive activities and into nonproductive trading and speculation.²⁴ Further, according to Adair Turner, a former British banking regulator, only 15 percent of financial flows actually fund new projects and jobs in the global economy, with the rest going toward securitizing and speculating on existing assets.²⁵

-             The rising financialization of the U.S. economy harms workers and their families, threatening a strong recovery – Equitable Growth

 

 

By Gregg Wall (12-27-25)

2025 has been for a great many a horrible year.  Economically, politically, in terms of the steady and continued decline of Western democracy and the economy… and the obvious and ongoing revelations in regards the global oligarchy.  But we’ve also learned a lot, I certainly did.  And as we learn, opportunity arises.  Do we change course, based upon our newfound knowledge, or do we continue to allow the ecosystem, fundamental rights, humanity, and the planet to be abused to the point of extinction?

 

Here then, is what I learned, or in some instances already knew but uncovered more materials or information in support of existing knowledge.

 

-             We learned POTUS Trump was a fraud, and after the first term, it really shouldn’t surprise any of us.  And yet, in November ’24, tens of millions of Americans pulled the levers in voting booths for America’s two radically right-wing parties, Dems & GOP.  Donnie, however, specifically ran on winding down wars… Israel & the Ukraine… and addressing the affordability crisis.  Surprising his constituency, Trump said addressing both would be a problem post-election, before he had even been sworn in.  He ran on releasing the Epstein files, only to see the release blow up in his face.  None of this has stopped a seemingly endless flood of gaslighting, lies, and propaganda surrounding Trump & his “achievements.”  His epic success at self-enrichment notwithstanding.  Trump hides in a cloud of chaos, nihilism, rage bait politics, and endless violence and war (war against the U.S. & the world), anything to distract from a catalogue of corruption.  Trump burned a year on tariffs, DOGE, empire, insanity, and self-enrichment… a winner for Trump, a loser for the American people. (See affordability crisis, Palestinian genocide, Ukrainian genocide, new oil & gas war w/ Venezuela, ICE goons & thugs, $40 billion in welfare for Milei in Argentina, declining living standards, catastrophic debt & deficits, healthcare & housing crisis, a predatory billionaire class, etc., etc.).

 

-             Dems completed a postmortem on their 2024 wipeout and despite earlier commitments about transparency, the establishment immediately decided to shelve the report.  Hence, another ’25 lesson: Dems, like GOP, don’t serve democracy or the people… the party serves greed, billionaires, a rotted out economic model… financialization, globalization, neoliberalism, the necro-wartime economy.  Hence, the optics of Dem 2028 frontrunner, Governor Gavin Newsom, dutifully worshipping Reagan.  Corrupt Demo leaders have zero interest in real reform. Seems that Dems are inured, firmly wedded to biz as usual: cronyism, corruption, corporate greed, transferring the nations credit line and tax dollars to the rich,  the world’s most lethal fighting force, and playing sheep herder for AIPAC & the establishment… gently guiding the flock every two years down the cattle chute of austerity & debt and to the abattoir of the necro- economy & poverty.  Austerity, endless wars, wretched dereg & libertarianism -- limitless debt, deficits, and Wall St welfare -- these are the things the Dems stand for and will continue to stand for.  Will the party roll back Trump and his policies when they return to power?  Not a chance.  The two party’s function as one, reporting into billionaires, the MIC, multinationals, and Wall St.  The Dem party’s epic failure, from ’20 through ’24, to address affordability, genocides in Palestine & the Ukraine, our oligarchy crisis, and Trump are clear for all to see.  Dems are just hoping you forget, or that Donnie fails on such a spectacular scale, that you’ll have no other choice but to vote for the GOP’s twin: The DNC.

 

-             And of course there’s America’s worst nightmare, oligarchy or the billionaire class. When this crew isn’t buying out the government… when the oligarchy is not destroying the economy with consolidation, greed, hoarding and rent seeking behavior, they are plotting America’s next for-profit war.  We’ve learned a lot about billionaires and America’s predatory elite in the last year, mostly from independent journalists … like the Grayzone, Unlimited Hangout, BreakThrough News, and Sabby Sabs …  but even the MSM was informative at times.  The Washington Post pointing out the obvious, the billionaire class often comes to great wealth not via the private sector, rugged individualism, or the libertarian ethos… but instead, through massive state welfare, the privatization of the state, and military contracts (from a Department of War that can’t pass audits).  As disturbing, Team MAGA loves to get their panties in a bunch over the working poor receiving SNAP benefits, essentially more direct welfare for America’s corporate royalists – like McDonalds and Walmart (that refuse to pay a living wage & provide acceptable benefits).  But this same tribe of MAGA racists have nothing to say, when the amount spent on socialism for the 1% and on billionaire entitlements are insane by comparison to a SNAP program that is entirely necessary thanks to our necro-economy.  That is, SNAP is a fraction of the money spent on corporate welfare and tax cuts for the rich.

 

-             In 2025, we all bore witness to the Peter Thiel, Antichrist show… and the insanity of Peter’s CEO at Palantir, Alex Karp, pretending to be for the working man.  Right.  The more you learn about the billionaire class, the more you realize they have nothing but contempt and hatred for democracy, functioning government, and humanity.  Indeed, if what one reads is true, they appear hellbent on destroying all three.  Witness DOGE and its destabilizing attack on regulatory agencies, government workers, and DOGE utilized as another Trojan Horse or vehicle for destroying the regulatory state, looting, privatization, and tax cuts for the wealthy.  To billionaires, globally, citizens are just something to commodify, exploit, manipulate, monetize, and rob.  Explore deeper and you learn not only do they want to discard capitalism in favor of rigged markets and totalitarian monopolies, but they want to rule via a star chamber of monied elites… words like “corpocracy” and “technates” appear be the ultimate objectives coupled with dark enlightenment & transhumanism.  So much for Silicon Valley oligarchy claims about their devout faith in Christianity & Libertarianism.  At the end of the day, it all rolls up to dictatorship, fascism, and the extinction of humanity.  Purely from a raw economics perspective, putting aside elite plans for world and interplanetary domination for the moment, billionaires are a gross misallocation of precious resources… a misallocation, along with a perversion of the economy & government, that humanity and the planet can ill afford.  Add transhumanism, singularity, wiping out humanity and we have a crisis: billionaires are an existential threat.

 

-             Of course, it wouldn’t be the 21^st Century if we didn’t see the crucial role central bankers played on the world stage, and 2025 was no exception.  Who keeps the empire afloat, the house of cards from complete collapse, well that’s the Federal Reserve and exorbitant privilege.  In fact, central banks and ultra-accommodative monetary policy (aka expansionary monetary policy) have served to mint billionaires on an epic scale, cause wealth inequality to explode, and transferred wealth and the nation’s credit line to multinationals and egregiously high net worth individuals.  Central banks throughout the West continue to bailout:  the financial sector, dereg, greed, the obsession with growth, libertarianism, neoliberalism, supply-side/trickle-down economics, the failed Reagan/Thatcher economic paradigm (if you think that I exaggerate, consider that 40% of US GDP comes from government spending and catastrophic debt & deficits).  In the process central banksters feed: greedflation, asset appreciation, a hideous Gini coefficient, poverty, malaise, monopoly formation, political extremism.  But what the central banks are mostly guilty of is preserving and protecting a failed status quo.  The central banks bailout Tories & Labour, GOP & Dems, Cons & Libs… save them from having to make critical fiscal & tax decisions, set spending priorities.  Central banks paper over structural & systemic failure from political duopoly & the oligarchy they report to, so that our corrupt, failed, lethal, and repugnant economic & political model are never addressed (at least for the moment).  Blame the central banks and exorbitant privilege.  If a crisis is a terrible thing to waste, fear not…  central bankers, oligarchy, and politicians are ready to pounce at a moment’s notice to profit from said crisis with a deluge of money printing.  And the financier of bailouts & elite salvation, the financier of endless colonialism, murder, and wars are the central banks.  Know that the central banks are there to transfer more taxpayer wealth into the hands of the mafia state, greedy billionaires, and private sector contractors: again, and again, and again.  All of it done in the name of, the rhetorical smokescreen of a safer society, job retention, pension protection, and national security.  Never mentioned: expansionary monetary policy & financialization are highly detrimental to the economy and the American people, as it robs real investment in a real economy, cuts and destroys jobs and opportunity.   Never mentioned, never asked: Who’s protecting Americans, the British, Canadians, and Europeans… indeed, the world…  from the billionaire class, the political class, and the cartel of Western central banks?

 

-             The list of business practices within Canada & United States is horrible and growing worse, from totalitarian monopolies & domination to predatory private equity & venture capital, and, of course, financialization and privatization.  I always knew these enterprises and business practices to be a net drag on the economy, but this year, I ran across further evidence and academic research that confirmed financialization, monopoly, and concentrated wages & wealth are damaging to the economy, families, growth, and labour.  Privatization invariably fails to yield savings or improvement in services, read here, here, and here.  Instead, privatization merely enriches management and ownership on the taxpayer’s dime, on the backs of labour & the real economy, and with consistently lousy services and/or products.  In the US think of a privatized defense industry and the fact that half the DOW (Department of War) budget goes to private sector military contractors… within a DOW that fails to pass audit after audit.  Here, in Canada, a highly concentrated retail food industry (aka grocery stores) has led to obscene price gouging.  This, at a time 25% of Canadians are food insecure and relying upon food banks and charity.  And there’s not enough time to go into the ripoff that is American healthcare… the private sector failing the US on an epic scale with 50% of Americans unable to afford privatized healthcare.  And the beneficiaries of financialization, monopolistic rents, privatization, private equity rent extraction: billionaires, politicians, & Wall St.  There’s also big oil and gas, for me this was a breakout year.  Confirmation that the industry is a welfare queen… addicted to endless state welfare and subsidies… hoovering up far more in externalities and subsidies than it pays in royalties and taxes.  Like many industries, O&G is investing tax cuts in automation, software, and strategies that allow it to significantly cut its workforce.  It’s an industry that’s not only swimming in an ocean of welfare, dumps trillions in externalities on the public (that is to say, known costs & expense), but O&G loves its wars, its conflicts, murders one in five, and is actively destroying the planet, clean air, and clean water.  

 

-             And we can’t possibly ring out the old year and ring in the new without discussing American foreign policy.  This year, all pretense vanished, all the lies, justifications, rationalizations, and spin came off as half-hearted … the establishment isn’t even trying to justify its colonialism, extortion, genocide, theft, and mercenary for-profit wars anymore.  The apex predators use the US military to loot foreign nations, conduct regime change, and install & maintain evil people in positions of power.  Evil people that are perfectly willing to sell out their countries, their natural resources, and surrender to American corporate interests.  The recipients of America’s military & shakedown operations: the usual suspects.  Financial forces… like the IMF, World Bank, and Wall St banks… play a key role in debt slavery, destabilization, and regime change.  As for AIPAC & Israel, so much has been witnessed & written about Zionism, and the Adelsons, that some might consider it piling on to write much more about a foreign power and military outpost that came to dominate our pathetically corrupt congress (but not a fraction as cruel as the genocide America & Israel are responsible for).  Congress, of course, is in badly compromised company, the Zios have a lock on Europe and the Five Eyes as well.  At the end of the day, the question that never gets asked: How is it that the US spends 40% of global spending on war & violence; spends more than the next ten nations combined on war & violence?  And yet, the solution to all our problems isn’t diplomacy or negotiation, but rather, endless wars, profiteering, privateering, colonialism, genocide, Global South debt slavery & extortion, planetary destruction, and austerity for the American people to pay for an ocean of blood.

 

 

At the end of 2025, if you want to understand the essence of evil, look no further than bankers, billionaires, monopolies, the oil & gas industry, politicians (aka political duopoly), private equity, war contractors, and Wall St…. it’s where the hell is.  In the span of mere decades, since the fall of the Berlin Wall, the US is trashed… and we have nobody to thank for failure but the duopoly, oligarchy, and multinationals, like oil & gas.  We had everything, and billionaires, Congress, monopolies, Wall St, and the War lobby stole everything (facilitated by the Federal Reserve).  And nobody, from either political party, appears the least bit interested in reversing course or acknowledging failure.  We can obviously, therefore, blame the essence of evil for the situation the United States, Canada, and the West finds themselves in.  Not to belabor the point, but again, we must place blame squarely on leadership: billionaires; repulsive Clintons & Dems; the Federal Reserve for manufacturing billionaires, financialization; GOP; greed & libertarianism; monopolies; Silicon Valley; oil & gas; war contractors; Bernanke; Euro Toffs - who support Amerika’s racist enterprise & empire; AIPAC; the corporate MSM; private equity; venture capital; and of course, Wall St.

  

If anything, positive can be said about ’25, it is people, citizens, and voters are starting to learn… indeed, many already know & have long known… that the billionaires, monopolies, private equity, and Wall St. are an abomination, a fraud.  Responsible for the collapse of Western democracy, responsible for our lethal necro-neolib economy, globalization (aka the race to the bottom), empire, and right now, are calling shots on the latest pending, prospective catastrophe, artificial intelligence.  Undoubtedly, they’ll want a bailout for that, as well. 

Our economy, the predatory elite, US foreign policy, the central banks are all an epic disaster.  There really are no longer any excuses.  If Americans and the West want real change, we know exactly what must change and where to start.  And that’s exactly what gives me hope in 2026: the class war fought against the American people and the world is staring us in the face.

It can no longer be denied.

 

Copyright JM Hamilton 2025