Category: Finance

Alberta Premier Danielle Smith is spot on: the new American tariffs will affect $1.5 billion of Alberta goods. The new Canadian counter-tariffs will affect $4.8 billion of the provincial economy.

Clark Savage480

That is not a talking point. It is the arithmetic of an integrated energy market that Ottawa cannot wish away, and Washington already understands. Smith’s warning, circulating widely after her CBC Power & Politics appearance and a clip posted by Stephen Taylor, is blunt: Alberta businesses will be hurt more by Canada’s own counter-tariffs than […]

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What Are the Next Steps for Venezuela’s Oil Production?

Clark Savage596

President Trump’s administration is in advanced talks with Venezuela’s interim government for what officials describe as a “massive” energy deal: a U.S. ownership stake or long-term lease covering 17 of the country’s most promising oil and gas fields holding about 90 billion barrels of proven reserves. That is nearly a third of Venezuela’s world-leading 300 […]

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Tesla’s “Project Crystal Sun” is a real tax-incentive filing for a $10.1 billion vertically integrated solar-cell and module plant in Fort Bend County, Texas. It is not yet a committed factory.

Clark Savage642

Commercial production is targeted for the first quarter of 2029 if Tesla picks the Texas site, wins incentives, and clears permits. Tesla has not disclosed annual gigawatt output, so any panel-count figure is an estimate, not an official number. The internal name is Project Crystal Sun. The public paper trail is a Jobs, Energy, Technology […]

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Jeff Currie Dropping the Truth on CNBC

Clark Savage481

Jeff Currie, founder and CEO of Real Macro and a veteran commodities strategist formerly of Goldman Sachs and Carlyle, appeared on CNBC’s Squawk Box on August 26, 2026, and cut through the usual noise. The segment title said it plainly: “The Strait of Hormuz is just one of many choke points being squeezed right now.” […]

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Mark Carney to Build a New Economy with the EU – It appears he is working for China and the EU, and not the Canadians.

Clark Savage451

Prime Minister Mark Carney’s government has accelerated efforts to deepen Canada’s economic and security ties with the European Union, framing diversification as essential amid escalating trade friction with the United States. Official statements and actions indicate a strategic pivot toward Europe (and select other partners) rather than prioritizing new comprehensive U.S. trade arrangements beyond existing […]

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US Treasury Begins Operation Economic Outcast on Iran

Clark Savage402

WASHINGTON — On August 24, 2026, U.S. Treasury Secretary Scott Bessent announced the launch of “Operation Economic Outcast,” describing it as an unprecedented campaign to sever Iran’s remaining economic lifelines. Speaking at a press conference, Bessent stated: “Today, at President Trump’s direction, the United States Treasury has begun Operation Economic Outcast… Our objective is to […]

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HF Sinclair posts a profit and closes its only Canadian lubricant (base oil) refinery. Not because of no profits, but it is not worth doing business with Net Zero Leadership.

Clark Savage643

HF Sinclair Corporation (NYSE: DINO) just delivered its strongest quarterly results in years while simultaneously announcing it will retire the base oil refining assets at its Mississauga, Ontario facility—Canada’s largest (and essentially only significant) producer of Group II and Group III base oils. The decision comes amid a highly profitable lubricants segment, not losses. The […]

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GE Vernova’s Gas Turbine Backlog Hits 116 GW. What Does This Mean for the AI Market?

Clark Savage932

Order a heavy-duty gas turbine from GE Vernova today, and it will not arrive until 2031. That production reality, confirmed on the company’s July 22, 2026, earnings call, sits beneath nearly every ambitious AI data-center power plan announced in recent years. GE Vernova closed the second quarter with a combined gas-power equipment backlog and slot-reservation […]

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