OPEC Production Falls, But Government Policy Stops Canada From Taking Advantage


With a pro-energy industry government, Canada could be taking increased market share from our competitors. Unfortunately, the Trudeau government is working against Canada’s energy industry, preventing us from taking advantage of OPEC’s struggles.

For the first time in four months, the combined output of the Organization for Petroleum Exporting Countries (OPEC) cartel saw falling oil production.

August production was 79,000 barrels per day lower than in July.

OPEC is currently seeking to restrain production to eliminate a global oil glut.

Of course, Canada is not part of OPEC, and we could use this situation to our advantage. With a booming energy sector, we could be strongly increasing production while the other countries are lowering it, exacting a toll upon our oil competitors and gaining market share. And make no mistake, this is a competition. The “free trade” absolutists may think national economies “work together”, but the truth is that each nation is in a fight for market share, and the success of one is often the failure of another.

Unfortunately, such a strategy would require a Canadian government that actually wanted to see our energy industry boom and grow more powerful. Instead, we have the Trudeau government, who seem to prefer that we get oil from Saudi Arabia and other OPEC countries, instead of making use of the gigantic resources we have here at home.

The damage being inflicted upon our energy sector is significant. As I wrote about recently, Canada could lose up to $59.6 billion in investment into oil projects that have been cancelled (or could soon be in the case of Energy East) in the last year under the Trudeau government.

So, not only are we unable to take advantage of OPEC’s struggles, we are watching our own nation be weakened by the Trudeau government.

It’s an immense missed opportunity, and it will cost all of us.

Spencer Fernando

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2 comments Add yours
  1. Trudeau is trying to turn Canada into a Venezuela. If you dont know what’s happening in Venezuela, here is some information. Venezuela is one of the richest country in the world in oil reserves, if not the richest. However, their government dictature after dictature killed their economy to the point where people are starving, they have no food. The average adult in Venezuela lost 75 lbs in 2016. Their inflation is 1500% in 2017. Blame it on Castro. “In crisis-stricken Venezuela, Fidel Castro’s legacy lives on.” Castro succeeded in helping make Venezuela another third world country by advocating the Cuba model which is such a success of poverty and repression. http://theconversation.com/in-crisis-stricken-venezuela-fidel-castros-legacy-lives-on-69531 Another quote from the article: “Cuba is the source of Venezuela’s economic model. State control of the economy, currency manipulation, seizure of private firms – all of these policies destroyed domestic production, which impoverished the nation even more quickly than it had Cuba.” UNFORTUNATELY, TIHS IS THE MODEL THAT TRUDEAU IS FOLLOWING. Be aware.

    1. you are 100% correct, trudeau is ruining the country on purpose, because george soros told him how to do it. i wonder how much george soros paid this mr. socks to ruin this once great nation.

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