Reflecting on Predictions: Oil Prices and Economic Indicators

Peter and Jackie start the new year by reviewing their predictions from 2024: what did they get right, and what did they miss?

Next, they introduce their top energy themes to watch in 2025 and some predictions. Themes include changing governments and policy in the US and Canada – including the breaking news at the time of recording that Prime Minister Trudeau was resigning. They also predict the return of energy security and sovereignty as a growing conversation in 2025.

Finally, they discuss Canada’s Clean Electricity Regulations (CER), published in the Gazette, Part II, at the end of 2024. The final rule aims to achieve net zero electricity in Canada by 2050 versus 2035 (the target in an earlier draft). 

Content referenced in this podcast:

• Donald Trump’s January 2, 2025, X post on how tariffs create wealth for Americans 
• Final Clean Electricity Regulations (December 13, 2024)
• Jordan B. Peterson Podcast interview with Pierre Poilievre (released January 2, 2025)
• The deadline to provide a “Notice of Objection” on the oil and gas cap is January 8, 2025. Email the objection to PlanPetrolieretGazier-OilandGasPlan@ec.gc.ca. See more information under the heading “PROPOSED REGULATORY TEXT” in Canada Gazette, Part I, Volume 158, Number 45: Oil and Gas Sector Greenhouse Gas Emissions Cap Regulations 

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