Canada's LNG Fumble: Did Trudeau Mess Up the Bag? 💰📉
Gunter: Trudeau cost Canada a chance to get into global LNG game — Trump and U.S. are reaping the benefit. Okay, so peep this: the U.S. is securing major deals with the EU and South Korea to supply LNG. We're talking BILLIONS. Meanwhile, Canada's chilling on the sidelines. Some say Trudeau low-key f
TL:DR
Okay, so peep this: the U.S. is securing major deals with the EU and South Korea to supply LNG. We're talking BILLIONS. Meanwhile, Canada's chilling on the sidelines. Some say Trudeau low-key fumbled the bag, costing Canada major guap and future growth. Is Canada cooked or nah? 🤔
The Tea 🍵
Alright, fam, let's get into it. The U.S. is out here securing the bag, sealing massive LNG deals left and right. Like, the EU is dropping $750 billion USD on U.S. energy (mostly LNG) over the next three years in exchange for some chill tariff action. And South Korea? They're in for $100 billion USD worth of U.S. energy, same vibe: mostly LNG, over four years. That's a whole lotta 💸💸💸.
But here's where it gets sus. Apparently, Canada had a chance to get in on this LNG action, but didn't fully commit. Some people are saying a previous Canadian Prime Minister (and even the current PM) didn't capitalize on opportunities, even allegedly turning down a request from Germany to sell them LNG, saying it wasn't a good business opportunity. Like, seriously? 😬
Now, the consequences? Allegedly, Canada's looking at missed investment, lower per capita income, and generally slow economic growth. Word on the street is that the OECD (that's the cool kids' club of developed countries) is saying Canada might have the lowest economic growth among developed nations for the next 20 years. Ouch. 😬
The main argument? Canada could've been swimming in LNG guap right now, but decisions were made that allegedly held the country back. Are these claims valid? That's for you to decide, but stay tuned for more deets, besties!
Abbreviations Glossary
| Abbreviation | Full Form |
|---|---|
| Securing the bag | Earning a lot of money, achieving success. |
| Guap | Money. |
| LNG | Liquefied Natural Gas |
| Sus | Suspicious |
| Chilling | Relaxing and doing nothing of importance |