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Dan Magyar
@Magyar_Dan
Entrepreneur in oil and gas software. Avid hobby player of Magic the Gathering.
Calgary
Joined May 2011
824 Following
290 Followers
3.7K Posts
We’ve lost the plot.
A building code should protect health and safety. It shouldn’t become a vehicle for social policy without proving the benefits outweigh the costs.
The proposed 2025 National Building Code could add $17,000 to $39,000 to a typical new home. Push to Tier 5 and that jumps beyond $128,000.
Who exactly is this helping?
@BILDAlberta and @CHBANational have it right: pause, review the evidence, measure the real-world impacts, and fix the process before pricing another generation out of homeownership.
Affordability deserves a seat at the table.
The mind-boggling stupidity of the Industrial Carbon Tax. Canada is the only country on the planet that deliberately hamstrings its key industrial sector for purely performative reasons.
➡️Global crude oil consumption is RISING.
➡️Canada's emissions PEAKED in 2007.
➡️China is building HUNDREDS of Coal-fired power plants.
The luxury beliefs of rich, delusionsal Canadians is killing us. WTF are we doing here, folks?
If your country wants to control social media algorithms to force people to watch state approved content, then you don't live in a free country anymore.
Dumb & Dumber are still trying to explain their condo bailout.
British Columbia Premier David Eby:
"When you buy something that's on liquidation, you don't say to yourself "I'm supporting uh a bailout for the store."
If we don't do it, someone else will."
Yes, that someone else is the private sector and Canadians who want a cheaper house but the government stepping in and creating a floor price and removing supply from the homeownership market.
Nevermind that the example he came up with makes no sense but the alarming part is that there are thousands of condo units are in a fire sale.
It's a bail out for the financial institutions as well. Who are they?
For weeks, we’ve been told the United States is in decline. Reading @kinsellawarren latest column, you’d think America is on the verge of collapse. Yet I’m writing this from the U.S. during its 250th anniversary celebrations, and that simply isn’t what I’m seeing.
What I see are communities full of families celebrating Independence Day. Parks are packed. Main streets are busy. Flags are everywhere. Small businesses are thriving with holiday traffic. Restaurants are full. People are optimistic about their country, even if they disagree politically. That’s an important distinction.
America has plenty of problems. It wrestles with political polarization, crime in some cities, rising debt and affordability challenges. No serious observer would deny that. But to paint the entire country as some kind of failing experiment ignores the reality on the ground.
The United States remains the world’s largest economy. It continues to attract investment, talent and entrepreneurs from around the globe. Its technology sector leads the world. Its energy production is the envy of many countries. Its military remains unmatched. Millions of people still dream of building a life there because opportunity continues to exist.
Contrast that with Canada’s current mood. Too often, we’ve become comfortable measuring ourselves by convincing ourselves someone else is doing worse. That’s not a growth strategy. Canadians should spend less time cheering for American failure and more time asking why our productivity is falling, why investment is leaving, why young families struggle to buy homes and why governments at every level continue making life more expensive.
The America I’m experiencing isn’t perfect. No country is. But neither is it the dystopian picture often presented by commentators viewing it through a political lens.
Perhaps that’s the real lesson. Before declaring an entire nation to be in decline, spend some time there. Talk to people. Walk through their neighbourhoods. Visit their businesses. Attend a community celebration.
You may still come away with criticisms. I certainly have a few. But you’ll probably also discover something that’s becoming increasingly rare in Canada today: a country that, despite its flaws, still believes in itself.
And watching Americans celebrate 250 years of nationhood, it’s hard not to notice that confidence. Whether you agree with their politics or not, that’s something worth paying attention to.
For weeks, we’ve been told the United States is in decline. Reading @kinsellawarren latest column, you’d think America is on the verge of collapse. Yet I’m writing this from the U.S. during its 250th anniversary celebrations, and that simply isn’t what I’m seeing.
What I see are communities full of families celebrating Independence Day. Parks are packed. Main streets are busy. Flags are everywhere. Small businesses are thriving with holiday traffic. Restaurants are full. People are optimistic about their country, even if they disagree politically. That’s an important distinction.
America has plenty of problems. It wrestles with political polarization, crime in some cities, rising debt and affordability challenges. No serious observer would deny that. But to paint the entire country as some kind of failing experiment ignores the reality on the ground.
The United States remains the world’s largest economy. It continues to attract investment, talent and entrepreneurs from around the globe. Its technology sector leads the world. Its energy production is the envy of many countries. Its military remains unmatched. Millions of people still dream of building a life there because opportunity continues to exist.
Contrast that with Canada’s current mood. Too often, we’ve become comfortable measuring ourselves by convincing ourselves someone else is doing worse. That’s not a growth strategy. Canadians should spend less time cheering for American failure and more time asking why our productivity is falling, why investment is leaving, why young families struggle to buy homes and why governments at every level continue making life more expensive.
The America I’m experiencing isn’t perfect. No country is. But neither is it the dystopian picture often presented by commentators viewing it through a political lens.
Perhaps that’s the real lesson. Before declaring an entire nation to be in decline, spend some time there. Talk to people. Walk through their neighbourhoods. Visit their businesses. Attend a community celebration.
You may still come away with criticisms. I certainly have a few. But you’ll probably also discover something that’s becoming increasingly rare in Canada today: a country that, despite its flaws, still believes in itself.
And watching Americans celebrate 250 years of nationhood, it’s hard not to notice that confidence. Whether you agree with their politics or not, that’s something worth paying attention to.
This is the most telling admission yet.
The government is talking about backing a new pipeline with taxpayer money because private investors no longer trust Ottawa’s regulatory process.
Think about that.
Companies that have spent billions navigating years of approvals don’t trust the government to approve another major project.
Instead of fixing the permitting system, taxpayers are being asked to absorb the risk.
When government becomes the insurer of last resort for projects it made too risky to build, the problem isn’t the private sector.
It’s the system. 🇨🇦📉 #Cdnpoli
Excellent take - we all feel the pain regionally, not just Alberta
While I love my Alberta friends, today I’d like to send everyone a reminder:
Alberta isn’t the only region that wants out and needs access and control over resource development
For example, the Yukon literally has two of the largest proven natgas wells in North America, sitting there ready to go
But we can’t get any products to market because of tanker bans, elbows up bullshit, environmental nonsense, indigenous obstruction
…which forces our territory on federal welfare…
Ottawa loves it because they can send as many govt employees from ontario up here as it takes to vote for their pay check and hold the riding.
But One pipeline would pay for the Yukon’s future for 100 years.
No one in this country needs Ottawa.
The federal govt is a solution looking for a problem. All ottawa does is cost us money, freedom and our economic future.
independence shouldn’t be a left-wing or right wing movement. It should be about getting rid of waste, taxation and expanding freedom and prosperity for all.
I look at Alberta’s new pipeline
Its an enormous amount of red tape, additional cost and taxpayer burden to produce a product that will be non competitive price wise, while clean energy all over BC, Yukon and alberta is sitting there ready to go
Why can’t the Yukon determine its own future? Why can’t Alberta? What is the point of confederation if it’s one gigantic obstruction?
Why is anyone even remotely opposed to a pipeline under any circumstance?
Carney is trying to privatize the profits, subsidize the losses, then pick and choosing which provinces win and which provinces lose in the future
All while making sure his insider friends score billions in contracts on both sides of the argument.
It’s all so corrupt
I want out and I want out right now
#WEXIT
Nationalizing oil infrastructure is never something to be celebrated.
Did you know?
Canada is the only oil-producing country on earth that deliberately imposes a self-inflicted ban on tanker shipping.
No other producer does this.
While global competitors move their resources to market, Canada ties its own hands, weakens its own economy, and limits opportunity for Canadians.
Why is there a tanker ban on the West Coast and not the East Coast.
Why is there carbon tax on oil exports and not on oil imports?
Nothing makes sense in Canada.
No wonder Alberta wants to separate!
To the Americans:
I've travelled all over the world. I've familiarized myself with many places, and met many people. And I'm a Canadian, although I’m privileged to reside once again in the States.
And here's something I've noticed, and it’s a key element of America's continuing greatness:
You bloody Americans value success, and you believe in its existence.
This is something that doesn't really happen anywhere else in the world. Even in other free democracies—the United Kingdom; Finland, Sweden, and Norway; Australia, New Zealand and Canada; Germany, France, and the Netherlands (great countries all)—a counterproductive cynicism too often reigns.
Success is equated with exploitation.
Ambition is looked upon with contempt.
This happens sometimes in the United States too—particularly among the miserable progressives, who confuse their resentment, ingratitude and unearned skepticism with wisdom.
But in your great country, by and large, striving is admired and success celebrated.
This means that more people strive and succeed in the US than anywhere else. And it's increasingly obvious. You remain stunningly more innovative and productive than any people anywhere else on the planet.
And so I say, as all should who are fortunate enough to live in the western world, let alone America:
Thank God for the United States.
Thank God for the wisdom of its founders.
Thank God for its faith in the free market and in the natural rights of man.
Happy birthday, you damn Yankees and Southerners.
Long may your admirable country dominate the world.
Long may your freedom and hope provide an example to those suffering everywhere at the hands of their malevolent states.
May your two and a half centuries of unparallelled success be just the beginning.
Your country is the light of the world, and the city on the hill.
Thank God for the USA.
Happy 250th.
Dr. Jordan B. Peterson
Pembina Pipeline Corporation's press release regarding the proposed pipeline to the west coast.
Pembina's economic interest through construction will be 10% with the opportunity for up to an additional 10% once the Project enters commercial operation.
Trans Mountain Corporation (a Crown corporation) will serve as the lead Project proponent, responsible for construction of the Project, the regulatory process, stakeholder and Indigenous engagement, and subsequent operation of the asset.
Pembina is basically a silent partner.
Read the highlighted section.
"Pembina has full discretion over any final investment decision ("FID") for its interest and shall have no at-risk development capital prior to FID. Pembina will assess the opportunity against defined Project milestones throughout the development period and will evaluate its participation in the context of its longstanding prudent capital allocation guardrails and its broader development portfolio."
Pembina is leaving the door wide-open to get out of this deal....which I suspect they will. Right now, it's just a token company, used to make the project look like it has private sector support.
There's no way a project like this aligns with their shareholder.
The private sector would have built the TMX expansion project for $7B. The government chased them out of Canada and built it themselves for $35B.
The private sector now doesn't want to touch another pipeline project.
The government is stepping in to mismanage the construction of another project that will cost $45B of taxpayer dollars.
To build the pipeline, the governments also have to spend $20B+ on the uneconomical carbon capture project.
So taxpayers will pay $90B for something the private sector would have done themselves for $20B if the government just got out of the way.
Completely unacceptable waste and mismanagement.
There are 7,500 tankers in the world moving oil every day without issue.
North America had a problem with one 40 years ago with a drunk captain and a single hull.
Let's quit pretending we need to ban tankers for environmental reasons
It's about ideology
A story of hollowing out the productive economy. Out with agriculture, forestry and manufacturing; in with government, finance, and real estate. We are now a regulatory nightmare strangling our productive sectors.
This graphic shows that real estate has been one of the top 4 components of Canada's GDP for 50 years.
No other country does this.
That's because Liberals have been getting rich through foreign real-estate speculators. It's why housing is out of reach for most young Canadian families.
Mark Carney’s $1.45 BILLION Condo Speculator Bailout is an economic disgrace. Carney is using YOUR tax dollars to bail out developers who overbuilt luxury condos in Vancouver, instead of letting them learn a lesson and let the market correct itself.
Carney props up the very sector that’s already bloated and crowding out real productivity. Developers took the risk chasing easy money and foreign investor demand. Now taxpayers foot the bill so they don’t have to sell at a loss? That makes no sense.
Canadians struggling with groceries, mortgages, and rent get nothing, while the well-connected real estate crowd and their banker friends get protected.
This is peak cronyism from a former central banker who knows exactly how to shield asset prices.
This graphic shows that real estate has been one of the top 4 components of Canada's GDP for 50 years.
No other country does this.
That's because Liberals have been getting rich through foreign real-estate speculators. It's why housing is out of reach for most young Canadian families.
Mark Carney’s $1.45 BILLION Condo Speculator Bailout is an economic disgrace. Carney is using YOUR tax dollars to bail out developers who overbuilt luxury condos in Vancouver, instead of letting them learn a lesson and let the market correct itself.
Carney props up the very sector that’s already bloated and crowding out real productivity. Developers took the risk chasing easy money and foreign investor demand. Now taxpayers foot the bill so they don’t have to sell at a loss? That makes no sense.
Canadians struggling with groceries, mortgages, and rent get nothing, while the well-connected real estate crowd and their banker friends get protected.
This is peak cronyism from a former central banker who knows exactly how to shield asset prices.
This captures the reason our country is so weak - real estate and government admin does not strengthen a country, finance does not intrinsically produce anything at this scale, and manufacturing is soon to be on life support with our poor management of US relations.
This graphic shows that real estate has been one of the top 4 components of Canada's GDP for 50 years.
No other country does this.
That's because Liberals have been getting rich through foreign real-estate speculators. It's why housing is out of reach for most young Canadian families.
Mark Carney’s $1.45 BILLION Condo Speculator Bailout is an economic disgrace. Carney is using YOUR tax dollars to bail out developers who overbuilt luxury condos in Vancouver, instead of letting them learn a lesson and let the market correct itself.
Carney props up the very sector that’s already bloated and crowding out real productivity. Developers took the risk chasing easy money and foreign investor demand. Now taxpayers foot the bill so they don’t have to sell at a loss? That makes no sense.
Canadians struggling with groceries, mortgages, and rent get nothing, while the well-connected real estate crowd and their banker friends get protected.
This is peak cronyism from a former central banker who knows exactly how to shield asset prices.
In a recent YouTube video, Mark Carney had a confession to make: he will not meet Liberal emissions targets.
At least he was honest about that.
So, let's be honest about this: he pretends phasing out oil and gas was someone else's idea.
For a decade he was the worldwide CEO of the idea. He built his entire persona around Net Zero.
He claimed fossil-fuel-caused climate change was an "existential crisis", which in plain English means the world could end.
He was the UN's Special Envoy for Climate Action and Finance where he recommended 65% of oil and gas should stay in the ground.
As Trudeau's Economic Advisor, he advised bigger and broader carbon taxes than even Trudeau had imposed.
He founded a banking alliance with the mandate to starve oil and gas of investment.
At Brookfield, his job was to use his political influence to get government handouts for his "green" investments (heat pumps, pricey "green" aviation fuel, etc.).
He made fortunes off an agenda that inflated costs and killed jobs for the working class around the world.
He didn't inherit this ideology. He built it. He milked it.
Now, he claims he changed his mind. Really? So, it’s no longer an existential crisis? Was he wrong for last decade?
If so, why go on hiking the industrial carbon tax by 500%?
Why has he not scrapped a single Trudeau-era anti-development law?
Why are 500 projects still waiting for federal approval?
Why has he not used his unprecedented powers in Bill C-5 to approve a single project?
Because it is all an illusion.
It was always about enriching the club. And it still is.
He will sound the alarm on new crises. The solution will be the same: heavy-handed, top-down crony capitalism—taxes, inflation, and debt for you, and handouts, bailouts, and carve-outs for the Liberal club. All to save us from the latest crisis.
The only way to change any of this is with a party that has been saying the same thing all along: get the government out of the way; free our businesses from all carbon taxes, red tape, and subsidies to unlock abundant, affordable energy. For Canada. For you.
Ottawa locked Alberta’s energy potential with anti-energy laws, endless delays, carbon taxes, emissions caps, tanker bans, and political hostility.
Now Ottawa wants praise for promising to “unlock” what it should never have locked in the first place.
That is not a victory. That is the problem.
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