Energy policy analyst, author, writer, keynote speaker, retired oil service executive.
Calgary
Joined March 2011
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David Yager retweeted
Happy Halloween, Fort McMurray–Lac la Biche! 🎃
Wishing everyone a fun and safe night filled with costumes and candy!
Keep an eye out for all the little ghosts and goblins out trick-or-treating tonight — and stay warm out there! 👻🍬
David Yager retweeted
New column in today’s print edition of @nationalpost. Crude by rail to Prince Rupert is viable- all that’s needed is a tanker ban exemption. A $30 spread between WCS and WTI is costing the whole country. Appreciate the insights from the port’s chair, JJ Ruest, former head of CN rail. He knows the ropes on shipping oil by rail.
Branded as "stranded assets", closing refineries was a badge of honor in the EU over the last 20 years. Elections were won on pledges to replace petroleum fuels.
David Yager retweeted
Repealing the tanker ban would open the door to crude-by-rail exports through Prince Rupert, giving Alberta another route to global markets.
David Yager retweeted
Federal Conservatives propose bill that would end B.C.’s tanker ban pipelineonline.ca/federal-co… #tankerban
David Yager retweeted
The tanker ban remains a stumbling block to accessing Asia, one of the fastest growing markets in the world. Sailing from Prince Rupert, B.C., would provide the shortest energy shipping route to Asia. This means lower shipping costs, less fuel used and fewer emissions created. Producers have already expressed interest in using this route for crude oil exports.
Private Member’s Bill C-264, sponsored by Member of Parliament David Mackenzie and scheduled for debate in Parliament on Wednesday, October 28, would repeal the federal Oil Tanker Moratorium Act, a step Alberta has long sought because of its discrimination against Alberta oil. The ban restricts oil tankers from loading and unloading at ports along northern British Columbia's coast, while vessels from other countries move oil past the northwest coast on a daily basis to ports in Alaska and Washington State.
The oil tanker ban does not apply to natural gas or natural gas liquids or any other commodity carried by tankers. Canada has one of the best marine safety and environmental records in the world. We safely manage tanker navigation in busy and difficult waters on both the west and east coasts without incident. We can also do so with oil tankers carrying Alberta oil.
The Pacific Link pipeline was recently designated as a project of national importance, and while the project will ship from a port in southern British Columbia, this does not preclude the need for additional export capacity from the northwest coast. The demand is there, and it is not going away for decades to come. Ending the oil tanker ban is Canada’s opportunity to become an energy superpower.
Time to end the federal oil tanker ban: Joint Statement | alberta.ca
Alberta supports Conservative MP David McKenzie’s Bill C-264 to repeal the federal Oil Tanker Moratorium Act and remove barriers preventing our responsibly produced energy from reaching global markets. Repealing the ban would open the door to crude-by-rail exports through Prince Rupert, giving Alberta another route to reach customers around the world.
Our oil to the United States is selling at a significant discount at a disadvantage to the entire country. The only effective way to close that gap is to increase exports off our western coast and get more customers competing for our energy. For decades, limited access to tidewater has left Alberta heavily dependent on a single customer, putting our oil at a competitive disadvantage and reducing the value of our resources.
The Trans Mountain Expansion has helped open new markets, particularly in Asia, but we need more pipelines and more access to tidewater. Pacific Link will help increase our export capacity, but we also need to remove the federal tanker ban to unlock opportunities through Prince Rupert. Global demand for energy continues to grow, and Alberta has the resources to help meet it.
Alberta holds the fourth-largest proven oil reserves in the world, and developing those resources benefits all Canadians. They help fund hospitals, schools, critical infrastructure and social programs across the country, while creating long-term economic opportunities for Indigenous communities through investment and co-ownership in major projects.
Canada cannot become a global energy superpower while federal policies continue to stand in the way of getting our energy to the world. Repealing the tanker ban is an important step toward securing better prices for our resources and building a stronger, more prosperous Canada.
David Yager retweeted
Congratulations to Lorne Doerksen @LDoerkson on becoming the next Premier of British Columbia.
Alberta and British Columbia share strong economic ties and common interests, from trade and energy to transportation and economic growth. I look forward to working with Premier designate Doerksen on shared priorities and advancing the interests of people in both provinces, including unleashing Canada’s potential as an energy superpower.
I also want to acknowledge David Eby @Dave_Eby for his service as Premier. While we did not always see eye to eye, I appreciated the opportunity to work together on issues important to both provinces.
David Yager retweeted
Absolute smack down on the BC NDP.
Voters are rejecting anti-resource, anti-common sense policies.
Congrats to the BC Conservatives and Premier-elect Lorne Doerksen @LDoerkson on an incredible victory!
David Yager retweeted
CTV News makes the first call of the night: BC Conservatives will form a majority government.
David Yager retweeted
Bravo BC!!! 👏🏼👏🏼👏🏼
What a great day for beautiful British Columbia, and all of Canada!
The worst government in Canada, and in BC history, has been completely repudiated.
David Eby’s divisive, hard left politics of envy kicked to the curb.
And a principled, serious, renewed Conservative Party given a huge mandate for change!
What a great sequel to Albertans’ rejection of separatism. Now we’ll have these two western powerhouses, plus Saskatchewan, aligned to build Canada into a global energy and resource super power! 🇨🇦💪🏼
#BREAKING: B.C. Conservatives win majority government. Live real-time election updates here. ctvnews.ca/vancouver/article…
David Yager retweeted
So I had my little rant against @ABDanielleSmith about the whole referendum debacle, but have now calmed down and will let my cooler head prevail.
We do not have another UCP leader that can take Danielle’s place, so I will be supporting her because Nenshi getting in would be the death of Alberta. Anyone who can’t see this fact is being blind and emotionally captured.
If we continue in-fighting, then that purple Jaba Nenshi could become Premier and that is something that can never happen.
Unless some charismatic leader steps to the forefront (hey @ikwilson I am talking about you), our only path forward is with Danielle at the helm.
You can disagree all you want but the fact remains, if you don’t choose Danielle, then you are choosing Nenshi.
The same thing happened with the federal election when Conservatives split the vote between CPC and PPC.
I always said Bernier was controlled opposition. Where is he now since the election…MIA. Bernier did his job well and we have been stuck with Liberals for 11 years.
I refuse to have the same result in Alberta, so I will support Danielle as UCP leader. I hope all Conservatives follow suit.
Lots of resource but that isn't the same as reserves. Alberta's estimated OOIP of heavy crude is 1.7 trillion barrels of which 10% is currently considered commercially recoverable using existing technology and economics.
Trump’s Venezuela oil deal looks increasingly like political theater.
The 65 billion barrels of claimed proved reserves may be only 10–15 billion, according to experts.
Much of the deal involves aging, depleted or undeveloped fields.
Oil in the ground is not economically recoverable reserves.
apnews.com/article/venezuela…
David Yager retweeted
Canada’s next major economic boom could be built right here in Alberta’s oilsands.
A new RBC report estimates that proposed pipelines, LNG facilities, oilsands expansions and carbon capture projects could generate more than $200 billion in construction through 2040.
The numbers show just how significant this opportunity could be:
• Canadian oil production could grow by nearly 2 million barrels per day by 2040.
• Natural gas production could nearly double.
• Canada’s oil and gas GDP could increase by approximately $44 billion annually.
• Alberta alone could account for $29 billion of that growth.
• Alberta could gain approximately 52,100 permanent oil and gas production jobs.
For Fort McMurray-Lac la Biche, this represents enormous potential for skilled trades, local businesses, Indigenous partners and the thousands of families whose livelihoods are connected to our energy industry.
buff.ly/IbVh1OT
Outsourcing emissions to non-OECD countries has no positive consequences. Western economies are weakened, global emissions continue to rise, and the wrong governments win elections.
Jamie Dimon says America outsourced steel and aluminum production to coal-powered factories abroad… then celebrated lower domestic emissions as a climate victory 🇺🇸
“Our CO₂ emissions per unit of GDP are down something like 50%. But part of that was moving dirty manufacturing to other countries.
People are taking victory laps, but we didn’t do a damn thing. Steel, aluminum—a lot of that production was being done using coal overseas instead of here.
A lot of the policies we put in place can have the opposite effect of what we intended.
I still think we should reduce emissions. And I think AI is going to help us do it.”
By simply offshoring dirty manufacturing, the United States claimed an accounting victory on global emissions. In reality, it didn’t do a damn thing it just allowed for another nation to jump on the sword.
David Yager retweeted
There’s growing confidence in Canadian energy heading into 2027.
A new ATB Cormark survey found:
📈 96% of oil and gas producers expect to increase production
📈 90% of energy services executives expect activity to increase next year
📈 56% of producers expect to increase exploration and development spending
📈 78% of institutional investors believe Canadian energy stocks are undervalued
📈 79% of investors say disruptions to Middle Eastern energy exports have made them more likely to invest in Canadian energy
This is an enormous opportunity for Alberta.
With projects like Pacific Link opening new markets and industry preparing to invest, grow and produce more, we have an opportunity to make Alberta an even stronger global energy supplier.
buff.ly/rI2hl3K
Warren Buffet on Donald Trump. Great read.
buffett in 1991 on trump
Donald Trump and the Perils of Leverage
"Where did Donald Trump go wrong? The big problem with Donald Trump was he never went right. He basically overpaid for properties, but he got people to lend him the money. He was terrific at borrowing money. If you look at his assets, and what he paid for them, and what he borrowed to get them, there was never any real equity there. He owes, perhaps, $3.5 billion now, and, if you had to pick a figure as to the value of the assets, it might be more like $2.5 billion. He’s a billion in the hole, which is a lot better than being $100 in the hole because if you’re $100 in the hole, they come and take the TV set. If you’re a billion in the hole, they say “hang in there Donald.”
tilsonfunds.com/BuffettNotre…
David Yager retweeted
We are learning of a serious fire at CFB Wainwright today that is affecting members of the Canadian Armed Forces.
Our thoughts are with the men and women who serve, their families, and everyone affected.
Thank you to the first responders and all those providing care and support.
David Yager retweeted
Thoughts and prayers with CFB Wainwright and the entire Wainwright community.
Thank you to @CanadianForces, first responders & @STARSambulance.
🙏
David Yager retweeted
Hearing some terrible news from my contacts still in the CAF about what happened in Wainwright.
Details are still unclear, but that doesn’t matter. The most important thing right now is to pray for those members and families affected by this event and be ready to offer them our support.
David Yager retweeted
Great news for every Albertan!
Alberta closed the books on 2025-26 with a $2.2 billion surplus and the Heritage Savings Trust Fund finished the year at a record high of more than $32 billion.
We delivered that surplus in the same year we cut personal income taxes with a new 8% bracket, the lowest in the country. That put up to $750 back in the pocket of every Albertan and up to $1,500 back with the average family.
The Heritage Fund is on track to reach $35 billion in 2027 and $250 billion by 2050. Every dollar of income stays in and compounds. That is a promise to Albertans who come next and keeping it is one of the most important things this government will ever do.
