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The Largest Economic Empire In The World Today...And No One Knows About It.
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- čas přidán 31. 12. 2020
- When you think about the most valuable companies in the world, you probably think of companies like Apple, Amazon, or Microsoft.
But, for most of the last 2 decades, none of those companies were even close to being the most valuable company in the world. That’s because, that title was held by a company that many people haven’t heard of. Its a company that has been quietly influencing the worlds superpowers, and your daily life, more than any other...
The Year is 1914. World War 1 was underway with the allies facing off against the axis powers. But right when the war began, the allies knew they had one key advantage. You see, this was right around the time of the mass production of combustion engine vehicles. So that also meant this was the first war that featured motorized transportation vehicles, tanks, armored cars, planes, ships, trucks, and trains...manyl of which relied upon one thing. Oil.
And fortunately for the allies, they had disproportionate control over the worlds oil supply. In fact, the axis powers controlled only 3% of the worlds oil at the time, while the allies, controlled about 90% of the worlds oil supply. And of that 90%, almost all of it was controlled by the united states, and nearly 90% of the united states oil was controlled by a giant...recently broken up company, called Standard oil.
So, in a sense, standard oil was able to help swing the tides of world war one by supplying britain, france, and eventually, the americans, with all the oil they needed to maintain a strong military force, while abstaining from trade with that of the axis powers.
And it was this act, of supplying the allies with oil, that made businesses and world leaders around the globe realize, that whoever controlled the worlds oil, could control the worlds balance of economic and militaristic power.
And so began the age of oil exploration.
A few years later in 1922, a new zealand military engineer named Frank Holmes thought that the middle east could be a good place to look for potential oil deposits, as no one had actually bothered to look for oil there yet.
So, he was able to get some support from the king of saudi arabia, and by 1924, he had found...no signs of oil. But he persisted. He got approval to search for oil in Bahrain, he then got funding from an american company called SoCal which was a branch of the american company standard oil, and in 1932, after 10 long years of looking for oil in the middle east, the new zealander and standard oil had finally found oil.
And because of this success, the company was able to strike a deal with saudi arabia in order to explore the rest of the country for more oil deposits. So the search continued, the didn’t find much over the next two decades or so, and the oil exploration in saudi arabia was starting to lose some steam. In fact, SoCal had sold off a large portion of its saudi arabia oil business to other american oil companies like texas oil and standard oil of new jersey.
And by the way, its worth noting at this point that standard oil of california, texas oil, and standard oil of new jersey would soon change their names to Chevron, Texaco, and Exxon. And these companies decided to change the name of their saudi arabian oil venture to ARAMCO.
By 1949, Saudi Arabia looked like it might not have as much oil as ARAMCO thought. And after the passing of world war 2, and the resurgence of the importance of oil in warfare, ARAMCO looked like they may never find what they were truly looking for in the middle east.
But then, the 1950s happened. On a fateful day in 1951, ARAMCO discovered the largest offshore oil field in the world in the persian gulf. Six years later, the company discovered the largest onshore oil field in the world, called the ghawar field. And this was when things started to change for ARAMCO.
You see, at this point, ARAMCO was still largely owned by American companies, and split the profits with the saudi arabian government. But over the next few decades, as more and more oil was discovered, the saudi arabian government wanted full control over the oil production that occurred in their territory.
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Hey Everyone :) Long time no see. I had a video completely done and edited, set for release on Dec 24th...But it was not up to my standards, so I scrapped the entire video. I end up scrapping about 1/7 edited videos, and 1/4 scripts, so thats normal. But just inconvenient because I hasn't uploaded in so long.
Anyways, I've had health problems, blah blah blah. There will be a part 2 to this video either coming up next, or 2 videos from now.
Is it fusion, hydrogen or batteries?
Take care Jack ! Thanks 🙏
Thanks Jack. Your videos are outstanding. Wishing you full health in 2021. Cheers 🇨🇦
Your channel is awesome. Get well soon and take care of yourself.
Just good to hear your voice. Hey, you don’t have to make excuses to your audience. We will always wait somewhat patiently.
In World War 1 it wasn't called the Axis or Allies. It was the Central Powers and the Triple Entente + US.
thank you
Yup, thank you!
Just checked comments to see if this was corrected
Yep I was about to make that comment, it's sloppy history to call them the Axis powers
Absolutely correct!
"He who controls the spice, controls the universe!" -Dune
Now that's a spicy meatball! 🍝
It is by will alone I set my mind in motion
The spice melange
Very Cool! :)
My father is an economist, and he says Saudi Aramco company's wealth and scale scares him till this day. He says it nearly is an empire!
Historian in me screaming "THERE WERE NO ALLIES AND AXIS IN WW1!!!"
The alliance was between the allies and axis! Look at the demographics of the population of each country involved! Time to take some South African standards and banish these descendants of colonizers from the USA. Government go back to your Queen.
@@tralh what!
@@tralh WW1 was between the Entente (GB, France, Russia, U.S.) and the Central Powers (Germany, Austria-Hungary, Ottomans, and Bulgaria)
Triple alliance and Triple entente
no "axis" though for sure
@@anonymous-rb2sr yeah, axis was a term coined by mussolini describing the axis between berlin and rome on a map
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Good video, but just one comment: During WWI, Germany and it's allies were known as the Central Powers, not the Axis powers....
Force of habit I guess,
You are wrong. They were called Axis Power. You people who don't know history get in things you know nothing about.
@@ravenalbj No? they were called the axis powers in WW2 not WW1
In WW1 it was the Entente (Italy/France/UK/Russia/US/Japan) against the Central Powers (Germany/Austria-Hungary/Ottoman Empire/Bulgaria).
In WW2 it was the Allies (France/UK/US/Soviets) against the Axis (Germany/Italy/Japan).
Educate yourself..
@@ravenalbj lol.
In world war 1 it was the Central powers not the Axis powers. Although they were mostly the same counties.
Well. Japan and Italy not so much. Really just Germany and Austria which was integrated into Germany before ww2.
And Turkey in WW1
@@christinemcclymont269 True. Turkey didn't play a big role in ww2.
@@anoon- Not talking about ww2 when Turkey was neutral. Please don't try to tell us the Anzacs grandchildren that Turkey had a minor role in WW1. There are plenty of war graves at Gallipoli to prove otherwise.
@@christinemcclymont269 he litterally said "Turkey didnt play a big role in ww2". Who mentioned ww1?
At first, I was confused when you were showing a Ford car, but then when you started talking about Oil, it made sense
1. Newfoundland no longer has a railroad that spans the province.
2. Newfoundland has many offshore oil wells.
3. The North Atlantic Refinery provides most of Newfoundland's petroleum products.
4. When the railroad was still in operation train, the ferry from Sydney, N. S. had tracks built into it's lower deck and rail cars were transported across.
5. Thanks for all of your effort you obviously put into your wonderful, educational videos.
So glad you feel better, thanks for posting more content. Love the vids Jack!
Why have you never covered *The Light Bulb Conspiracy* Even if it's not a Conspiracy because it's true. But i bet most people don't know about it. We use to have light bulbs that never broke until a light bulb cartel decided it could make more money if you had to buy new ones every time so they made it happen it was the first case of *Built to fail* we have today, a phone from the 1990s is working forever but electronics today break within 4 years
Hey Jack - "Central Powers" not "Axis" - "Axis" was a coalition in World War II, not WW I.
Noticed that, also I thought mechanized vehicles like tanks and cars were mainly used at the very end of the war and were a virtual none factor.
Oil Company: "I'm the biggest company"
BLackrock: "oh, sweet summer child..."
Blackrock manages alot of money, but that money is not theirs, u understand that right?😀
Blackrock profit 1,7bln
Armco profit 49bln
Oil refineries cannot refine just any type of oil. Once you build a refinery, that Refinery is committed to a particular type of oil. That has a lot to do with America buying and selling oil.
Hey bud. Happy New year. I've been wondering where you are looking forward for your video. Thx for showing up and you know you make a difference. Good luck all the best.
'Tony Stark was able to build this in a cave, with a box of scraps!!'
Tony Starks aint got shyt on McGyver. He could build it with a pocket knife and a match.
I was just going to tell him this!!
It’s been far too long! Welcome back ! Missed your voice can’t wait for the next video !
The Axis Powers were in WW2. In 1914 Germany and Austro-Hungary were called the Central Powers.
Otherwise great video - I am now subscribed
Bro this became my favorite channel, I wish you uploaded more
I definitely want Canada after this experience to be more independent, and just like World War II start producing everything we need here.
I think that is the way to go to not rely on China ever again for the cheap crappy products. The west Has all the resources we need.
Itll mean more corporate spending and less profit, so investors may not like it. That said WE MUST DO IT. LEAVE THEM CRYING "OH NO MAH PROFITS!"
@@righthandstep5 for a time. But if investors would deal with smaller profits for a couple years than business could really solidify within the country and we could literally just be self sustaining basically. We have many ways to create energy, like turbines or solar aswell as having tons of fossil fuel and we also have the northwest passage. We could really be set if we capitalize.
@Chris C I totally agree with you, that’s why I’m saying we have to stop relying on other people
@Chris C As a Canadian I strongly agree as well. We literally have the most educated population in the world and have a boat load of diverse natural resources. We cpuld definitely become self sufficient.
@@matthewmiksza5855 Canadian Govt. just converting these educated people to Educated labor. They are not provided with enough resources to use their skills for better Canada. We have loads of dumb politician as well.
I just love the video style and content, facts you showcase. Few minutes of my day well spent - valuably knowing the hidden gems!! Thanks Mate.. :) Keep up the good work.. Happy new year :)
oil is used for more than just energy. you'd be surprised just how much it is used in the supply chain of everyday things.
YES, and it is POISONING everything we touch.
Canadian here, lots of us in Alberta are trying to get pipelines headed east, but the east refuses them, it’s one of the biggest causes of political devide here
Hey man I'm from New Brunswick there's a lot of people that would love to see a pipeline make it to the east coast it'd be good for all of Canada.😎👍🇨🇦
@@anthonybelyea1964 Yeah, i second that from Quebec ! When they made a poll on the pipeline passing in our province, around 70% of people supported it but i guess the provincial government doesn't care about what people want.
we have more than enough oil and natural gas production to supply our needs and also sell for profit. Alberta's agreement with the federal government has seen that our right to provide for ourselves with our resources has been stripped federally from us to maintain your monopoly and the rights and products of those industries have been sold to American subsidiaries making us a 'have not' provinces when in reality we would have more than enough if the rest of Canada didn't make such a healthy profit keeping its boot on our neck and charging other places and nations to kick us while were down
@@cheshired.catastrophe86 - well said - Absolute disgrace!
and after our PM.s carbon tax , it will never be made , and our moron PM purchased it lol.
Hello from Alberta, Canada. 😁
Hello from saudi Arabia
😁😁
Hello from Québec, Canada. I just wanted to say hi to this beautiful province Alberta :v
Hi from Ontario
Hello, also from Alberta
G'Day From Ab Here Too!!✌🖖👍
Oof, what is the energy technology you mentioned at the end? Hydrogen fuel cells? 🤷♂️
Fusion. As opposed to fission which is what normal nuclear power plants use. It's often made fun of because for the last 70 years they've been saying that it's only 10 or 20 years away from being our new worldwide energy source.
Anyone know if there’s any truth to the notion that Nikola Tesla had invented an engine that could run on Hydrogen (or, water) but that Standard Oil purchased the patent and let it die so they could continue being profitable?? Or is that just an apocryphal tale?
It must be really difficult to make a synthetic oil that could take the place of drilled oil...
@@mikeradu2010 steam engines run off of water...
@@haroldfisher7528 coal...
Best channel on CZcams!
Wow, your videos are unparalleled in terms of factual content. I learn facts that I didn't know existed...keep up that strategy and Yu might be the top channel dealing with global economics
Welcome back Jack! As you can see, you have impacted and been missed by many. We are all glad you are in better health and hopefully on a full road to recovery. We are looking forward to your insights in 2021. Keep up the good fight in our race to making the world a better place. Thank you kind sir and we hope you have an awesome day!
Where are you? Are you okay. Missing your videos.
Give us that new energy source. WE NEED IT!!
Fusion
Nuclear
There is no such thing as an energy source that does not rely on oil for its existence. That's the paradox of green or alternative energy.
Cultural extinction will bring the change that is needed.
Hydrogen
9:40 ish. Your forced chuckles worked sum magic, bruh. Well done, sir.
You've got the ideal voice for this...
Interesting also is how Houthis caused a 5% drop in oil production back in September, 2019, by hitting an oil plant in Saudi Arabia
Did prices go up???
He actually pronounced Newfoundland correctly. I am amazed.
Canadian eh?
I think he is Canadian. I heard slight “Canadian raising” in his pronunciation of the ‘ou’ diphthong (listen to when he talks about when his next video “comes out” at the end of the video.) He also uses the more open ‘o’ in words like “dollar” and “over.” I’d guess he’s from either Ontario or Alberta based on the accent.
@@jayc222 ah, a linguist.
🧐
You don't say
I don't know who needs to hear this you've got to stop saving money invest some part of it if you really want to attain financial freedom.
You will never be rich if your money doesn't make you more money while you sleep.
Bitcoin was one of the best performing assets of last year, and it's also going higher this year
Investing in bitcoin is the best financial decision I have ever made.
So funny how people still believe the only benefits from crypto is holding, trading is the real deal, I am happy I've started learning and earning from bitcoin trading.
Most people remain poor because friends and relatives advised and discouraged them against investing and trading crypto while the wise ones kept investing and growing higher financially.
🤔 i see the power plays that was made last year... wow i thought it was chess but this another level or game ...
Texas is a coastal state, Gulf Coast!
Why is he lying out of his tooth...building a trans-pipeline should be much cheaper than importing oil from Saudi..
@@karthikkrishnamoorthy670 Look into line 3 construction 🤣
@@karthikkrishnamoorthy670 it is it’s just not socially acceptable they fight it every time without understanding the logistics
The dirty 3rd
@@SamtheIrishexan they don't know what that star bout...
Glad to see you back
I'm an ARAMCO brat. Grew up in the oil camps towns of Dharan, Ras Tanura, and Abqaiq from 1964 to 1970. seeing some of the older pics sure brought back memories.
You make the best videos! How can we buy this stock? And happy new year!
Canada & USA need to stick together 4ever....literally & figuratively ! 🙂
I agree
Did you know Canada had an invasion plan for the US only 100 years ago? Canada will be getting back with the rest of the Lions soon. Canzuk is coming.
@@viper8177 they are also giving training to chinese communist troops.
@@marz.6102 🤬🤬🤬
J T wants to be the dictator, he loves the c🤬c🤬p
@@wholegrain27 they ain't gonna make it, not yet
Jack, You made a big mistake with one of the photos that you added. Having worked in the oil business and agriculture, there is a clear difference in the way these products are stored. The video is about the oil industry, and yet you slip in a picture of grain storage at the 4:45 mark, and again at the 11:37 mark. It is very clear that those are grain hopper storage tanks. On the 4:45 mark there is a large corn field in the background and two grain trucks in the lower right side of the picture bringing grain in to be stored. I am not trying to be rude by pointing this out, just wanted to let you know of the mistake. Otherwise a great video.
I love your video’s. They are so informative and I think they are balanced. I feel that I understand things better because you speak on a level the average American can understand. Thank you!
i wonder how aramco and ccp interaction are playing out behind the scenes
Me to! When will they show themselves
Joe Biden just got elected president because of a staunchly biased MSM. The media is owned by international corporations which rely on Saudi oil and Chinese labour in order to be valuable and profitable. You simply have to follow the money. The battle against Trump was a fight to maintain the status quo.
Consider how fraudulent the banking system/wall street was found to be in 2008. This corruption exists in every industry internationally over and above the democratic institutions of sovereign nations worldwide. True democracy died years ago.
@@stephenmerritt5750 Then it must be brought back
@@stephenmerritt5750
Yes, there's an entity even larger then Aramco pulling strings that needs dismantling and conversion.
@@b1uerogue satan himself
Left out a big reason why we import Saudi oil: not all oil is equal. The API grading is different for oil from different parts of the world, to make a the wide range of products from oil we need to blend different API grades together.
Thanks for commenting
Send me a direct message on what's app
Regarding making millions in Crypto and Forex trading
+1.3.1.0.9.2.9.8.6.8.7
You can never stop the progress of machines. One day, the whole world will take your lands and the precious black gold beneath its sands!
*TILKICI, Battlefield 1*
your wvideos are great mannn .................. keep it up
Thanks for commenting
Send me a direct message on what's app
Regarding making millions in Crypto and Forex trading
+1.3.1.0.9.2.9.8.6.8.7
Excellent post !! Thanks
Why is nobody talking about Cruptocurrency at this moment? It's on a bull run and a lot of people are defintely gonna miss out on that just like the last time
I'm a huge fan of Crypto. I hold a few coins in my blockchain wallet
Been investing in the crypto world for 2yrs now I can say its really profitable
@@sophiahastings4748 Yeah no doubt the crypto market has earned me alot you just gotta understand the market
Crypto is the new gold
@@santiagojose4934 Yeah investing in crypto is a big chance to make money nowadays
The EV adoption S Curve is sharpening
@nehem my EV runs off solar panels. You some kind of oil shill or something?
@nehem depends on what country you are in. Disruption makes stats irrelevant, cause stats are always in the past. New power generation projects globally is 80% renewables, so preach like a dinosaur all you like.
Great video and information. It explains a lot with a subject I've been studying relating to energy sources. Thanks.
As a ex employee of Aramco I didn't know half of this, thanks for your explanations
Canada and the US aren't really reliant on Saudi oil, they can get the oil for themselves it's just cheaper at the minute to get it from there. If the Saudis raise the price it will become cheaper to get it ourselves
But Our oil needs more time to refine. US oil does not have that handicap with Permian shale and the method of extraction U of A in Edmonton AB Canada gave Americans.
@@righthandstep5 Canadian oil yes; Us oil is enough to be self sufficient
Hype for the next vid
Glad I found your channel! Thanks.
Hey you make awesome videos. You made a comment about the railway in Newfoundland and shipping oil by train. There is no railway in Newfoundland.
The Brent Sweet oil from Saudi Arabia is easier to make into certain highly desirable products like high end motor oil WD40 type items and jet fuel.
The heavy crude from northern Alberta has to be mixed with propane and butane to dissolve it for transport.
Then heated and cracked to break it up into synthetic oil products with asphalt left over for the roads.
Jet fuel is a type of kerosene and similar to diesel
@@nayanmalig Jet fuel is a very high end pure and clean burning low sulfur type of kerosene.
Kerosene was originally developed as a substitute for whale oil. Which nearly exterminated whales as millions of gallons were produced to light homes for several hundred years after oil lamps became superior to candles.
Bunker heavy oil became a replacement for coal on steam ships. And gasoline was originally a waste product dumped in rivers to get rid of it.
Sulfur is the primary contaminant in crude oil that is very difficult to remove or to burn clean.
@@jeremytaylor3532 Jet fuel is #2 diesel, what we call winter diesel. It's just lighter then #1 diesel, or summer diesel, and less prone to jelling in cold weather. It's always cold at the height jets fly hence the lighter less energy per unit diesel.
@@wholegrain27 Dear WG I bet u did not know that excess wholegrain in your diet can aggravate arthritis.
You are referring to Jet B and JetP-4 fuel which is actually Naptha based for commercial aircraft traveling high in the atmosphere on polar routes.
Jet A Jet A-1 JP-5 and JP-8 are kerosene based.
There are actually so many different formulations and ways to make Jet fuel that they do not specify it by content but by performance.
Synthetic fuels such as those made from natural gas or bio sources are becoming more common and will probably be the main jet fuels of the future.
So to be clear, only 1.5% of Aramco is worth $2 Trillion? then what about the other 98.5%?
No 1.5% of their networth was released to the stock market which is worth about $30 billion.
Their total valuation is at 2 tril.. Not 1.5%
I lived in Saudi 9 years. If all of the stock were available for sale, the value would be far less than advertised. The 1.5% of shares which were made available, went to Saudi - rich ones, and other rich middle easterners and members of the club, who were also guaranteed a good return on dividends even if those dividends were not generated. Its real value is not know, but would be far less in an open market. And, it is still very powerful. Try living with less oil.
Interesting video. For Canada, though some of the information is dated. Canada both sells and imports crude oil. Canada is the 4th largest oil exporter in the world. The refineries in Alberta, Saskatchewan, and Manitoba have the ability to refine oil from heavy oil and upgraded oil for feedstock The BC and Eastern Canadian refineries run on upgraded Western Canadian oil and imported light sweet crude from the USA. The Irving refinery in Saint John runs primarily on Saudi Arabia oil via tanker. That refinery is set up to run primarily on light sweet crude oil but does bring in some Western Canadian heavy oil by rail. The terminals in Saint John are deepwater terminals that allow for the world's largest T3 tankers to offload. Quebec refineries run on upgraded Alberta oil plus imported light sweet crude oil from various sources. Some of the newer developments are:
-The line 3 expanded pipeline from Alberta to Wisconsin is completed.
-The trans mountain expansion /twining pipeline is under construction and expected to be completed by the 3rd quarter of 2023. This will allow for international shipping of Canadian oil from BC tidewater.
-BC receives its crude oil feedstock and refined petroleum products via the existing trans-mountain pipeline. That pipeline has the ability to batch ship both crude oil and refined petroleum products. During peak demand periods BC also imports refined petroleum products from the Washington State refinery. But BC will finally expand the Burnaby refinery to enable more production of crude oil in the future.
-More oil has been discovered off the coast of Newfoundland and that oil field will be developed. The type of oil is Brent crude. Newfoundland by tanker is close to Europe.
-Natural gas has also been discovered in Nfld.
-Canada is currently constructing a Coastal gas linc pipeline project and LNG facilities in Kitimat, BC. This is a $ 40 billion-plus project to allow for the export of natural gas via LNG tankers. Other smaller LNG shipping facilities are being proposed for BC.
-Frankly, much of Canada has not been explored for oil and natural gas. Russia just discovered a large natural gas field in the Russian Arctic region. Alaska has both oil and natural gas do you think just maybe the Canadian Arctic may have gas deposits?
One possible development that you failed to mention is the possibility of a heavy crude line from Alberta to the east coast. To date, Quebec has been fighting it's construction but eventually they will build it regardless. Irving has already said they will build a complete new refinery to handle Alberta heavy crude for both the home market and export, primarily to Europe. Another set of projects that the Trudeau's Federal Government has been holding back is the development of natural gas resources. It will be necessary to build two pipelines, one east, one west. There have been a number of gas liquification projects shelved because the distribution networks are not there but it is a fairly safe bet that should the government change in the next election that these projects will be underway post haste. Had the present government used their heads (I know I'm being silly here. Trudeau has never had a head to use.) we would now be shipping huge amounts of liquified gas to Europe to replace what Russia was shipping before the Ukraine war. The heavy crude reserves in Saskatchewan are much larger than Alberta's but it is deeper down and requires new technologies to bring it to the surface. Pilot projects have indicated that bringing this oil up is economically viable.
@@oh8wingman The issue with an oil pipeline from Hardesty, Alberta to Saint John, NB is the distance is 4316 KM, plus at some point, you would have to tunnel under the Saint Lawrence River. You are looking at a massive cost. The Trans Mountain twinning pipeline that is now under construction from Hardisty to Burnaby, BC, is around 1307 KM in length. The price of construction of that pipeline is estimated now at $21.4 Billion, about 70% more than the original estimates. You say Irving would build a new refinery to be able to process Western Canadian heavy oil but again building a new refinery is not cheap. The Irving refinery in Saint John is Canada's largest refinery. New refinery what are you looking at $ 40 billion or more and 6 years of construction or longer? An oil pipeline charges tolls to ship oil. So what would the cost of the toll charge be for oil from Hardesty to Saint John? Plus you need condensate to be able to ship heavy oil by pipeline. Is there enough condensate available? To be able to refine heavy crude oil requires large quantities of natural gas. Where is that supply of natural gas going to come from? The oil terminals in Saint John are deepwater terminals that can accept T3 oil tankers (the world's largest double-hulled tankers). Shipping oil by large tankers is very cost-effective.
So first Irving in Saint John is not going to want to pay a high toll cost for shipping Canadian oil to their refinery. They have long-standing agreements and a steady supply of feedstock coming from Saudi Arabia which is a light sweet crude oil that is easier and cheaper to process. Plus the Irving refinery would need to produce a lot of gasoline for the markets it supplies. Light sweet crude oil is what they need as feedstock. So I just don't think that Irving would build a new refinery just to be able to process Canadian heavy crude.
If and that is a big if a pipeline was built from Alberta to Saint John, NB it would be to export heavy crude oil via the deepwater terminals in the Saint John harbour. That would make more sense as the T3 tankers unloading light sweet crude oil from Saudi Arabia could be reloaded to ship Canadian heavy crude to anywhere in the world.
Plus who would build a pipeline from Alberta to New Brunswick? You would need a consortium of investors to do it. No one company like Endbridge or Trans Canada pipelines would want to take on the sole risk.
Would it be more cost-effective to build an additional pipeline and shipping terminal to ship more Western Canadian oil from BC? Supply California and Asian countries with heavy oil. Newfoundland &Lab. has a new oil discovery which will be developed. Short distance to Europe via oil tankers, plus no canal charges. Newfoundland & Lab. and Quebec have natural gas. Build L& G terminals to ship to Europe. You could also build L&G terminals in Nova Scotia to ship natural Gas to Europe from Western Canadian natural gas supplies.
Have you made the video on this new energy source yet?
Hello everyone from saudi Arabia
😇
i hear it is a pretty good party down there in saudi arabia
This is infuriating. I watch a great video and want to watch your next but it's never suggested 😢
What do you mean?
Subscribe then.
Turn on autoplay, replay the first one. Skip to the very end and the next one will pop up when it's over.
(Don't forget to turn autoplay off again so it doesn't drive you crazy!)
Yeah I had autoplay on and it went to someone else's video. Subscribing it a very good suggestion though 👍
Excelent video. You deserve a lot more viewers . Thank you.
@ Jack You mentioned the reason why Canada and the US buy oil from SA was because of efficacy, but what about the Brentwood agreement that says something to the effect of oil producing nations having to sell their oil to other countries. I may be mistaken, but I've read that this is one of the reasons the we but from SA.
Canaidier is my favourite country 🇨🇦🇨🇦🇨🇦🇨🇦
Canada also has a large population who are against pipelines
With limited places to send oil the industry is suffering in Alberta
Tensions are high between East and west
Living in Quebec I can tell you the citizens want Alberta oil rather than Saudia Arabian oil...I dont know wtf is wrong with the government. Outside forces have always held Canada back... who are these outside forces?!
@@InventoryBag Ya when they made a poll about the pipeline last year, around 70% of the people wanted it in Quebec but Legault think he knows what is best for Quebecers...
Tensions aren't as high as might appear. Most Albertans know that we are far better off in Canada and that we are all in this together. The idiots however *cough*Kenney*cough* are very noisy.
@@JonMartinYXD once upon a time Canada had a national energy program...but conservative s and certain Alberton s (with friends in the oil industry) made it go away ) they absolutely forgot the railway that connected this country didn't come frome Alberta and private sector ingenuity..... it came from Ottawa
The end
Alberta lived happily ever after they won the battle but lost the war......
Seriously we should have a pipeline east....by at least 1999.....when stupid people govvern
@@justis1999 It's all about money. If it's cheaper to ship, then that's what they'll do, despite the obvious negative consequences.
great information - thanks so much
Nuclear fusion energy is still decades away. Even if electricity becomes that cheap, developing countries might not be able to make the switch to renewable that easily.
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Can we just luagh at how he put canada in the thumbnail
Interesting, but admittedly, a bit confusing for me, why? Being a lifelong Canadian, one in the late 60s here in Toronto, I know that my country is minuscule on the world stage, and really doesn’t play much of a rule, but thanks to two things, the anonymity of the Internet, and several friends who work in the fossil fuel industry here in Canada, I’ve heard a different story than what you just told, and I’m not sure what to think. I know that we export most of our loyal to the United States, in fact 60% of all oil used in the United States is from Canada, and officially, but oil companies in Alberta aren’t owned by the Canadian government, but rather American and Saudi Arabia...... however, due to the pandemic lasting as long as it has, it has suddenly changed the demographics, to a point where the Canadian government is finally realizing that we can capitalize on fossil fuel production, even though in accordance with the Paris climate accord, we have promised to reduce our usage of fossil fuels. Contradictory, don’t you think? It’ surprise the hell out of me. Obviously I cannot provide exact details, because I don’t want my friends to lose their jobs, but apparently my country will soon be in control of every single drop of oil leaving our land, and that’s just in Alberta. Almost no one is aware of a newly discovered vast oil reserves in the Arctic, in the Northwest territories, and in many northern communities all across the country. Most people are only aware of the Alberta oilsands, but according to my friends who have been working in the industry for years, Canada in reality possesses enough oil the power of the entire globe for over 100 years. I’m not quite sure if I believe that, but if it’s true, my quiet little country is not going to remain so for much longer. Lately there has been a push to create a new superpower, consisting of Canada, the UK, Australia, and New Zealand. I could never understand why they would wish to create such an odd combination of countries, until I considered the fossil fuel industry. The UK has no natural fossil fuels, and all the fuel they use must be imported, costing them a fortune, just ask any one in the UK how much gas cost, and your jaw will hit the floor. Australia is rich in coal deposits, so when you put that information together it begins to make more sense, between the four nations, there is an incredible wealth of natural resources many countries in the world would love to get their hands on, but if we team up, we can be one of the largest super powers on the planet. Sounds pretty out there I know, and to be honest I’m not quite sure I believe it myself, I’m just telling you what my friends who work in the industry have told me, but it will be interesting to see what happens, because according to my sources, this is going to happen within the next few years. The Canadian, UK, Australian, and New Zealand parliaments are all working together to make this actually happened, and at last check it is well on its way to becoming a reality, with all four parliaments in favor, but naturally, all for parliaments having opposition, which is being overruled. If anyone has heard anything about this, please, by all means let us know. I’m not keen to make a fool out of myself, which is why I refuse to believe everything I hear, even if it’s coming from a credible source, as even when I ask my friends who gave me this information, how do they know about it, they don’t know each other at all, but they all said the exact same thing, they are sworn to secrecy until we have a resolution. If these foreign nations do become one giant organization, it will most definitely tip the scales in those countries favors. I’ve lived here for 52 years, and I can guarantee you that we are not a poor country, we still have a lot of problems like everyone else, but we are incredibly wealthy, especially when you consider we only have 37.5 million citizens, the state of California has more people in our entire country, yet we compete on a global scale, quite well I might add, so perhaps this is a possibility. It’s not like Canada to throw its way around, but it’s global demand surges, along with a growing population, we may very well be the next wealthiest corporation/nations on earth. We did consult with the Americans, who absolutely refused to have anything to do with it, no surprise there, but time will tell, it will be interesting to see how this all plays out. And please forgive the constant spelling and grammatical errors, auto dictation isn’t one of apples strong points!
I think to agree with what your information is. Actually Jack Chapple some months ago published a video explaining the union of these countries basically called "CA NZ UK" describing it to be a union as alternative to the chinese "SeaBelt Road' project.
If Trudeau is going hand in hand with China (as it seems) well then this union could be just an idea...
Canadian oil companies aren't owned by America and Saudi Arabia. All the big ones - CNR, Cenovus, Enbridge, Imperial, Suncor - are publicly traded. If the government - federal, provincial, or a combination thereof - is going to take control of them they are going to have to spend at least $200B or nationalize them. Neither will happen.
Subbed, thanks.
Thank you! Unfortunately, most of the people are interested on the new Apple phone and what games they can play, totally oblivious of what is happening in the real world.
Somewhere, Nikola Tesla sheds a tear.
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aramco is so hated in the F1 fanbase as they are making F1 have a race in saudi arabia next year.
May I post this with credits/links to your channel?
WELCOME
BACK JACK!
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@@jackchapple8009 as a cybersecurity SME, I'd like to point out, you are freely sharing a number with the world. If you are good with it, I am as well. We've got your back.
Good video. You might want to check out the impact and growth rate of electric vehicles upon oil demand. For instance, a large portion of oil consumption is done by commuter air traffic. All electric airplanes have really, if you will pardon the pun, taken off. The Saudis may even be aware of oil's impending slide as they have recently acted out in ways that seem to suggest a possible future decline in either the price of oil or their supply. Your video says they listed Saudi Aramco on the stock exchange for the first time. The only reason to do this would be to create a cash influx. Otherwise why would they? Also consider their recent military actions. Expansionism is often a sign of desperation on the part of the leadership of the nation. Then you have the advertisements for Saudi Arabia as a tourist destination. They never needed it before, so why now when it is getting so much bad publicity? Cheers.
And to ad to my other comment. If you wanted to get Manitoba, Saskatchewan, Alberta and BC oil to the east coast or to Europe. You don't have to actually use trains. Or build pipelines the entire way. You just build a pipeline to Thunderbay Ontario. From there load tankers then sail the great lakes and up the Saint Lawrence to the Atlantic. Its political not logistics
Great observation!
Oil tankers on my drinking water? lol
@@Alan-gw3hs you don't think their are tankers and all sorts of other vessels shipping hazardous materials on Lake Superior already? Plus if you live in Fort William your drinking water doesn't come from superior.
You’re a bit confused about the Canadian energy market. No Alberta crude is shipped beyond Montreal which is the terminal for the pipeline. Canada has offshore production that supplies refineries in that part of the country, plus some imported crude from various sources as required. Canada is both an exporter and an importer of crude oil from the US as well.
informative stuff.. thanks man
Thank you for the video, but have some wrong info. The real reason why Canada or US doesn't use their oil ,,, not because of the cost of shipping, but because the quality of the oil and the cost of extraction. The Arab countries has much better oil quality and much easier extraction, more over big much bigger oil wells that can run for years.
The cost of each barrel in US is 40$ verses Sadi Arabia 4$ a barrel.
And that's leads you to understand why all the wars and terrible things there and who makes them. İt's politics.
Exactly, its cheaper to bring it from Saudis than producing it here, cheap labor makes this possible all the way.
@omar al-kadhi It’s cuz building Pipelines in Canada/USA is a heated political debate. When different govt Federally takes a seat in OTTAWA or WASHINGTON.....that previous pipeline deal is tossed in the fire ! 🤪
I’m going to guess before watching. ARAMCO. Let’s see if I’m right.
Thanks Jack, always love your content. Happy New Year! Hope you are feeling better. Cheers!
Like your videos thank you
News Flash!! You need a few fact corrections here
1- Newfoundland produces more then enough oil to supply itself, so there is no need to send AB oil to Newfoundland
2- Excluding NFLD, Western Canada could easily supply eastern Canada with oil. 90% of the pipeline is already built
3- It is all politics out of eastern Canada
4- There was a tanker load of oil shipped from the port of Vancouver all the way through the Panama Canal and then into New Brunswicks refinery... Because this is a much more environmentally friendly method. Well on paper for the idiots that stop pipeline construction it is. Because it was shipped via a "foreign" oil tanker so none of the emissions exist in the eyes of the fools.
5- The current Canadian government has done everything it can to attack the western provinces oil and gas production. Canada has some of the highest regulations in the world and best paid workers. But NIBYs would prefer to import from other countries where they have no clue about any of it.
6- Wait until Biden bans fracing- oh whoops its only going to apply to federal land so it will impact less then 5%. However, if people thing that $140 oil was high, wait until things pick back up again. Many well shut in due to price depressions will never produce another drop.
7- I am personally a huge fan of wind and solar energy. But, if it cant survive without government subsidies, it is not economically viable in its current state.
8- See the rolling black outs in California this summer during the heat waves, exchange 25%of the cars on the road for electric and you will have a whole new set of problems. The grid can not support
9- You should investigate Lithium mining. and you though oil and gas were bad, yet again NIBY so it doesn't matter
10- You will never get rid of oil and gas... It is required to make almost everything we use today
In summary, of course we all want a cleaner planet and greener energy, but it will evolve naturally. We transformed from killing whales to burning wood and using wind mills, transitioning the oil and gas. Remember when we transitioned from paper grocery bags to plastic because plastic was going to save the world. Ooops... do I think reusable grocery bags are good? Yes! Compostable GREAT, all natural evolutions.
If you really want to make an impact on the environment, move out of your house, turn off you A/C, get rid of all your electronics, abandon your nice polyester and nylon waterproof gear and go live in a shack. But now you are burning wood for heat (gas is better), killing animals for food and clothing. Compare car emissions from 30 years ago to 10 years ago, they are significantly better!!! However, today things are going backwards. We are now creating more garbage (see DEF container) and burning more fuel to meet the emissions standard, when really a couple steps back is overall better for the environment.
Rant over- let the hate mail begin
Some good points. I worked in oil and gas upstream for almost 16 years. I believe carbon capture technologies like the kind Carbon Engineering are working on with considerable investment coming from BHP, Chevron and Occidental Petroleum seems like the best bet to scale back global warming in the short term until newer energy systems come online to power human civilization.
@@Jay121 why capture??
It's not causing climate change and plants are starving for it.
Big Green is by far the biggest industry in the world. Government subsidies and donations are unbelievably gigantic
@john L
You mean the biggest scam to divert tax money to the rich elite and kill our economy and standard of living
Very informative
Good video.
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I'm from newfoundland and we produce alot of oil and more being found all the time. We also have a refinery.. I believe we are second to Alberta when it comes to producing oil
Yea if we were to be independant on oil newfoundland would be providing for esstern canada, no need for a pipeline from the west haha
HOPING YOU WILL MAKE VIDEOS ABOUT STOCK MARKET AGAIN.
13:02 where can i find this video?
Great video
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No, in WW1 the alies were facing the central powers(the german, ottoman and austro-hunarian empires as well as Bulgaria).The Axis powers were at WW2...Learn history please!
Let me guess, that new energy source is "nuclear"
Fusion
@@xo7454 it would be a great move for Aramco to invest in the biggest renewable energy companies so gradually the change from dominating oil to dominating renewable.
Before I clicked this video, I decided to make popcorn and gingerbread cookies.
Fusion energy could also solve the desalination equation you mentioned in your video about the future of world water supply
Or next gen fission.
0:34
you mean against the central powers
TGSNT.TV
The energy source he's talking about in the end is probably thorium.
Tokamak energy
thorium is a scam lol. he is talking about fusion like the ITER in france or the chinese and USA fusion projects
lol imagine believing those scammers that try to get you to invest in thorium lol i feel sorry for you mate, but i guess everyone falls for a scam at least once in their life
Interesting Saudi Arabia pretty much relays on oil almost completely. If it goes, the country may just fall apart if it doesn’t diversify its assets 😬
I completely understand. It's actually cheaper and easier for me to eat at Taco Bell than to cook for myself at home. And it tastes about the same too because I'm a terrible cook.