My takeaway--Keep Calm and Produce on... and Let's go back to Kitimat. The amount of change being pushed out right now by the Trump administration is definitely a policy version of shock and awe. A double edge sword, however is any change in the energy sector takes a while. It's boring but staying the course, avoiding shiny new objects, delivering consistent returns while operating safely at lowest emissions seems to be a winning hand. The EPA policy changes will be critical with Lee Zeldin announcing the key pillars for environmental safety while driving energy dominance. The call out on AI shows the direct connection of Energy and technology, something you have been great at calling out. The German elections will be important as well as we watch what happens with Ukraine war.
Subsidies sound good but distort allocation of capital and may not have intended effect. Perhaps it's better to put more money into the Energy labs for R&D and foster public private investment opportunities for the best new tech?
On your dress code, ---LIFO method for dressing should be avoided since it can result in you wearing the same outfit... Otherwise, changing it up adds character to the videos! On the hat thing-With Hat--relatable, relaxed, and approachable. Without Hat- it s like Arjuns ruthless twin. Perhaps both looks have their purpose in the future. Keep your options open.
The day Trump announced the tariffs on Canada it was all anyone could talk about here. I actually read the text and it was specifically about immigration and opioids, and there was a clear method to remove the tarrifs, but still the announcement read that tariffs were being "imposed on Canada, Mexico and China". Really?!!? A good percentage of Canadians see the U.S. as basically a family member, like a big brother, so it was quite a shock to be threatened with tarrifs along with China.
However all will be forgiven if you if you wear a Montreal Canadiens or Toronto Maple Leafs toque for your next video episode.
Investor, 100%. And my point is that putting aside one's view of the actions, from an investment/corporate strategy standpoint, it seems to have been very unifying for Canada and something that won't be forgotten even after Trump is out of office. Seems like the odds of a better investment climate in Canada has improved, even if Conservative party (apologies for not knowing formal name) doesn't win this time...or doesn't stay in power. Sounded like even Carney was talking the need for oil & gas infrastructure investment though please correct me if I am mis-reading his comments. Arjubn
There was a lot of talk here about the tariffs in the weeks leading up to February 1rst, but that Monday I got into work and the TV's were showing nonstop interviews by everyone from the Prime Minister to the mayor to the local Tim Horton's owner talking about how the U.S. had declared a trade war on us along with China, how many Canadian small businesses were going to go under, how we should boycott U.S. goods, etc. My phone was blowing up with every person talking about what an outrage this was. It was quite something. Most people are taking the various ongoing tariff threats very personally, not something I had given much thought to before.
Interesting to see what happens with Mr. Carney. Yes, he's one of the founders of GFANZ, but I'll bet he downplays that quickly once he senses it becoming a liability to his shot at becoming our P.M. We'll see. It definitely feels like the U.S. election in November was a significant cultural turning point. Never a dull moment in the energy business!
Speaking of hats, I used to have a 'Lehman Brothers Risk Management Department 2008' hat. It always got a big laugh.
Love the album art in the video open! “Hats off” to you. 😜
Thank you!
My takeaway--Keep Calm and Produce on... and Let's go back to Kitimat. The amount of change being pushed out right now by the Trump administration is definitely a policy version of shock and awe. A double edge sword, however is any change in the energy sector takes a while. It's boring but staying the course, avoiding shiny new objects, delivering consistent returns while operating safely at lowest emissions seems to be a winning hand. The EPA policy changes will be critical with Lee Zeldin announcing the key pillars for environmental safety while driving energy dominance. The call out on AI shows the direct connection of Energy and technology, something you have been great at calling out. The German elections will be important as well as we watch what happens with Ukraine war.
Subsidies sound good but distort allocation of capital and may not have intended effect. Perhaps it's better to put more money into the Energy labs for R&D and foster public private investment opportunities for the best new tech?
On your dress code, ---LIFO method for dressing should be avoided since it can result in you wearing the same outfit... Otherwise, changing it up adds character to the videos! On the hat thing-With Hat--relatable, relaxed, and approachable. Without Hat- it s like Arjuns ruthless twin. Perhaps both looks have their purpose in the future. Keep your options open.
Love it Deborah!
Arjun,
The day Trump announced the tariffs on Canada it was all anyone could talk about here. I actually read the text and it was specifically about immigration and opioids, and there was a clear method to remove the tarrifs, but still the announcement read that tariffs were being "imposed on Canada, Mexico and China". Really?!!? A good percentage of Canadians see the U.S. as basically a family member, like a big brother, so it was quite a shock to be threatened with tarrifs along with China.
However all will be forgiven if you if you wear a Montreal Canadiens or Toronto Maple Leafs toque for your next video episode.
Investor, 100%. And my point is that putting aside one's view of the actions, from an investment/corporate strategy standpoint, it seems to have been very unifying for Canada and something that won't be forgotten even after Trump is out of office. Seems like the odds of a better investment climate in Canada has improved, even if Conservative party (apologies for not knowing formal name) doesn't win this time...or doesn't stay in power. Sounded like even Carney was talking the need for oil & gas infrastructure investment though please correct me if I am mis-reading his comments. Arjubn
There was a lot of talk here about the tariffs in the weeks leading up to February 1rst, but that Monday I got into work and the TV's were showing nonstop interviews by everyone from the Prime Minister to the mayor to the local Tim Horton's owner talking about how the U.S. had declared a trade war on us along with China, how many Canadian small businesses were going to go under, how we should boycott U.S. goods, etc. My phone was blowing up with every person talking about what an outrage this was. It was quite something. Most people are taking the various ongoing tariff threats very personally, not something I had given much thought to before.
Interesting to see what happens with Mr. Carney. Yes, he's one of the founders of GFANZ, but I'll bet he downplays that quickly once he senses it becoming a liability to his shot at becoming our P.M. We'll see. It definitely feels like the U.S. election in November was a significant cultural turning point. Never a dull moment in the energy business!
Speaking of hats, I used to have a 'Lehman Brothers Risk Management Department 2008' hat. It always got a big laugh.