What Canada Does Next About Gas Prices

Canada sits on massive oil reserves—so why are we still paying more at the pump? The answer is deeper (and more broken) than you think.

Global oil chokepoints, flawed policy decisions, and pricing tied to foreign markets—this isn’t just bad luck, it’s a systemic issue.

In this episode, we break down:

• Why global oil pricing (West Texas crude) dictates Canadian gas prices
• The Strait of Hormuz bottleneck and its impact on global fuel supply
• Why other countries cut gas taxes—but Canada doesn’t
• The real cost of cutting gas taxes (the $10B problem)
• How selling Petro-Canada changed Canada’s energy independence
• Norway’s trillion-dollar oil fund vs Canada’s missed opportunity
• Why rebates don’t solve long-term energy and affordability issues
• The link between productivity, energy policy, and economic decline

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• Hosts: Mike Wixson, Paul Micucci

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⏱️ Timestamps:

• 00:00 Intro
• 02:00 Global oil risks & past crises (1973 comparison)
• 05:00 Strait of Hormuz: the world’s oil bottleneck
• 09:30 Why Canada’s gas prices follow global markets
• 11:00 Tax cuts vs rebates: what’s actually happening
• 14:00 The $10B gap behind gas tax cuts
• 16:00 Petro-Canada vs Norway’s oil strategy
• 18:30 Political decisions & long-term consequences
• 20:00 Why Canada needs to rethink energy strategy
• 22:30 Productivity crisis and missed opportunity

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Pillars: Economy

#CanadaEconomy #GasPrices #EnergyPolicy #OilMarkets #CostOfLiving