President & Co-Founder, Evolution PowerX (TSX:E) | On-the-ground nat gas electrification for energy & industry | Straight talk on CDN energy & economic policy

Joined March 2012
Desmond O'Kell retweeted
Bay Street Wants the Bank of Canada to Repeat a Known Mistake Canada’s financial establishment is once again urging the Bank of Canada to hike rates into an already weakening economy. Headline inflation hit 3.1% in September solely because gasoline prices soared nearly 28% year-over-year. Strip out that temporary energy shock and the picture reverses: trimmed-mean CPI has fallen to 1.8%, median is 1.9%, core excluding food and energy sits at 2.1%, and the monthly CPI gain was a negligible 0.1%. The real economy offers no case for tightening. GDP growth remains soft or stalled, and September brought a loss of 68,000 jobs with unemployment rising to 6.5%. Yet Scotiabank, Desjardins, and BMO have pivoted to calling for a hike next week, and markets are pricing high odds of one. They treat a gasoline-driven headline print and a modest rise in survey expectations as justification to tighten, ignoring that core measures remain comfortably inside the target range. This is precisely the error identified by Bernanke, Gertler, and Watson in 1997. Their research showed that the endogenous monetary-policy response accounted for a very substantial portion, in some cases nearly all, of the recessionary effects of oil price shocks. The oil shocks themselves were not the main driver of downturns; the rate hikes in reaction were. With underlying inflation already soft and activity weakening, hiking now would amplify the slowdown for little lasting gain on inflation. Bay Street is lobbying for a policy response the evidence has long shown to be counterproductive.
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Desmond O'Kell retweeted
Did you save this post? I can go further back in time if need be. I've been warning you for DECADES...
Remember: War is coming to every corner in the West. It might take 5 days, 5 years, or 50 years but it’s coming. The West has committed the greatest self-immolation in human history. Save this post.
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Desmond O'Kell retweeted
Big decision with implications for Indigenous rights, Duty to Consult and the application of UNDRIP. The Federal Court of Appeal unanimously agreed that the federal UNDA legislation to implement the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP) doesn't override Canadian law until the Canadian government, in consultation and co-operation with Indigenous peoples, explicitly establishes such a process. The Court upheld the Canadian Nuclear Safety Commission's approval of a nuclear waste landfill to be built near the Ottawa River at the Chalk River laboratory. Kebaowek First Nation had previously successfully challenged that approval, but that lower Court's decision is now overturned. cbc.ca/news/indigenous/kebao…
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Desmond O'Kell retweeted
This is who and what the recklessly inept Liberal bureaucracy is competing against - abusing Canadian tax dollars and moving Canada backwards economically and technologically. - already lost burning through $50 billion we could have spent on hospitals and schools but they wanted to bet against Tesla on EVs. Total failure. - now giving Telesat billions of taxpayer dollars to ‘compete’ with StarLink and SpaceX. Telesat is a US hedge fund company so badly managed for so long it has a negative price to earnings ratio. But it has a Liberal donor CEO Who hasn’t met a single timeline or target - ever - while Musk is making a car fly. We need to end this horrible - and deeply politicized - capital allocation and start partnering with the best firms in the world instead of creating fake govt funded imitations that burn taxpayers.
Elon proofing? First the Liberals punched a $50 billion hole in Canadas budget competing on EVs against Tesla and losing all of it. Now they’ve given Telesat - owned by American hedge funds - more govt money than its entire market cap - to provide a subscale weak copycat of StarLink without the capabilities, scale or economics. And they’ll pay SpaceX for it to work. The federal govt is horrible at capital allocation. Using debt to fund failed business models the private markets won’t touch is stupidly wasteful. Doing it betting against far superior scale companies run by @elonmusk is totally insane.
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Well said.
Hi BC. I know, I post long threads. I’m sorry. 😏 Today I wanted to reach out and discuss what a ‘Conservative’ is. Thanks to the media, it has been synonymous with lots of bad words lately. However this is actually propaganda.
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Desmond O'Kell retweeted
“…by subsidizing the yesterday products that aren’t interesting enough to subscribe to, the gov’t is handicapping the tomorrow products that are.” — @Pagmenzies @CdnHeritage @MarcMillerVM #cdnmedia open.substack.com/pub/peterm…
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You've probably heard about Canada getting excited about joining the European Union, becoming an affiliate, whatever. They should be, Europe is a much better natural fit for Canada than a strong partnership with the US. The US believes in free markets, entrepreneurship, and innovation driving progress and prosperity. Europe is laser-focused on regulations, bureaucracy, overtaxation, and left redistribution. Dividing wealth should somehow magically multiply it. But seriously, isn’t the sudden drop in Canada’s standard of living after 2015 thought-provoking? Choices have consequences, choose wisely. Don’t be like Canada after 2015.
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Desmond O'Kell retweeted
Replying to @latimeralder
If I hired a cook, and some days she didn’t turn up, and some days she turned up and made eight breakfasts, you might want to get rid of the cook. But you certainly wouldn’t build an extension and a new pantry to store the breakfasts for when the cook didn’t turn up. Renewables are not reliable
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Desmond O'Kell retweeted
Socialized medicine never runs out of admins. It runs out of machines. Canada has 432 MRI machines. Ten US states each have more. The MRI wait time in Canada is ~4 months. The MRI wait time in the US is ~4 hours. Canada's solution: More MAID
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Desmond O'Kell retweeted
Cabinet is headed for “a danger zone” with continued overspending, warns Budget Officer. Testifying @SenateCA national finance committee, Annette Ryan said federal claims that deficit spending will promote economic growth is “the opposite of prudence.” blacklocks.ca/budget-headed-… @PBO_DPB @FinanceCanada @FPChampagne #cdnpoli
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Desmond O'Kell retweeted
The same liberals complaining about high gas prices are pushing climate lawsuits that could drive them even higher. They want to blame energy companies for every storm and send YOU the bill. A climate tax through the courthouse is still a tax on your wallet.
The Supreme Court must decide whether local officials can use state lawsuits to impose national energy policy — and a de facto carbon tax — without a vote of Congress. Boulder’s climate case is about far more than one county. It’s about energy, federalism and economic growth.
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Desmond O'Kell retweeted
Well I love the cartoon. And I applaud @RogerPielkeJr for continuing to fight the good fight. But I am so over this stuff. The climate wars and attacks on scientists that challenge the mainstream narrative continue, but may be muted during the Trump regime (I admit I have lost touch with what is going on in academia, but I suspect things haven't improved). Academia has suffered from the loss of myself, Pielke, others, not to mention the scientists that rejected the academic path or left very early on in their tenure. While I will continue to set the record straight if I am asked (e.g. such as the DOE CWG), I've pretty much removed myself from the public debate on this topic (particularly after shutting down Climate Etc), apart from sporadic tweeting. In the meantime, I am working in the private sector (Climate Forecast Applications Network) which allows me to bypass all the BS of peer reviewed journal publication, government grant applications, and generally playing the game to build academic prestige. Academics waste a colossal amount of time on that stuff. Pielke is bypassing all that with his substack, sustaining his reputation and profile in the public debate. I have taken a different path. I am bypassing all that by doing client-driven research to help companies and governments understand and manage their extreme weather and climate change risks (timescales from days to decades). I have done some path breaking work in this regard, which is to the great benefit of my clients but unknown to the broader academic community. So Michael Mann and the rest of that gang can go suck eggs, their path to irrelevance grows with every passing day. It's sad for academia and the education of the future generation of scientists. But the real action these days is in the private sector (e.g. the AI weather forecast models) and on social media. rogerpielkejr.substack.com/p…
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Desmond O'Kell retweeted
The thought that “the next world order will likely be built out of Europe” is such a joke. Anyone who says this or believes this is lying to you or simply not paying attention.
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Desmond O'Kell retweeted
Replying to @amboultbee
It will not attract doctors to come here. This is already the highest cost place to live in every way and we are already taxed to death. BC is beautiful but it’s not worth it.
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RT @ExnerPirot: Biggest export of each Canadian province 🛢️⛏️🌾🦞
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Desmond O'Kell retweeted
CBC’s Vancouver anchor just said the quiet part out loud about Alto — and about his own CBC Ian Hanomansing, hosting from Vancouver, on the Toronto–Quebec City high-speed line: “For us sitting here in Vancouver, that proposed project seems awfully far away. And so should taxpayers who aren’t going to get sort of the daily or weekly or monthly benefit of that, should they be paying for it as well?” That is the whole case against Alto in one breath. A roughly 1,000 km corridor between Toronto and Quebec City. Official construction range: $60–90 billion. Parliamentary Budget Officer this week: $75–113 billion, and that is construction only. A Globe document put the 40-year all-in figure near $150 billion once operating and maintenance are counted. Design phase alone is already $3.9 billion. Rural eastern Ontario is fighting expropriation and farmland severance for a train many of them will never ride. British Columbia, the Prairies, and the Atlantic get the invoice Then the second slip, which is worse: “You talk to one expert and at the end of that interview you think to yourself, okay, that’s clearly the answer. They’re right on that. And then you go talk to somebody else. And they also sound really persuasive. And it’s almost like the last person you talk to is the one that carries the day… there’s no trick here. It’s not like they are somehow, you know, getting paid by the people who are sponsoring this rail line anyway… two very different points of view.” He is advertising a debate format as if it were a novelty. Two experts. Neither on the payroll of the Crown corporation building the line. Audence get both sides That is the minimum a public broadcaster is supposed to do on a nine-figure megaproject. The fact that a senior CBC host has to flag it — “no trick,” not bought, actually different views — is an admission that the default product is the last persuasive voice in the room, usually the one nearest Toronto and the cabinet that green-lit this under Trudeau in February 2025 Alto is not a national project. It is a corridor project priced like a national one, sold with nation-building language, and underwritten by people who will watch it on television from 4,000 kilometres away Hanomansing noticed. Most of the CBC coverage still hasn’t @brodiefenlon
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Desmond O'Kell retweeted
The absolute shamelessness of Angus talking tough about using Canadian oil as leverage. June 2025: “The arsonists are sitting in the boardrooms of Calgary” June 2025: “Canada’s tar sands are the dirtiest source of fuel on the planet” February 2024: “Canada’s oil and gas industry is not just killing the planet, the impacts are killing people” December 2018: “Leave it in the ground”
Charlie Angus: Heavy crude from Alberta has served American refineries for a long time. It has served the U.S. economy super well. But hey, you threaten us, well, we’ll have another pipeline and it can go elsewhere. The message to the MAGA administration is: Keep pushing, sucker, and see what happens.
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I would defend @Aaronpete_ to the ends of the earth, and I don’t even know the man. Extremists HATE people who are willing to have measured conversations with anyone. I think what Aaron is doing with Nuanced is AMAZING. I’ve even listened to conversations with people I never would have chosen to listen to in the past, simply because I respect what Aaron is doing and I’m here for it. When I helped run nationwide events focused on dialogue and debate, we could always find people from the right who were willing to participate, but rarely anyone from the left. I’m sure those people are out there, but in my experience, they’ve been much harder to find. When we can’t talk openly about difficult issues, or worse, when we start criminalizing certain conversations, it BREEDS extremism. I don’t think a lot of people in Canada realize that those who try to cancel others simply for having conversations can become extremists in their own right.
Again? This is the third time you’ve just jumped in with a rude comment. I’ve called you out on it twice, and this is the third time. You don’t respond, and every time you get absolutely ratioed. Saying I do it for “clicks”, is an attack on my character, suggesting I have no integrity - which is false. I have lots of interviews that have lower reach because I genuinely want to speak to someone, then I have other interviews that reach more people. I don’t control that, people choose what they want to watch and I’ve always worked to speak with people across the political spectrum. You don’t know me. You don’t know my motives. You’ve never met me. You say on your “buy me a coffee” page, which is also asking people to pay for your views, that you’re a master debater. I haven’t seen that yet. Let’s Debate. I’m ready to go any day, any time. Come on the show. Or stop talking about me.
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No substitute for lucrative US markets, lumber & steel execs warn senators as tariff war drags on: "It's not a matter of just putting sticks on a boat & sending them somewhere else."  blacklocks.ca/find-no-substi… @FPAC_apfc @CAPA_acpa @SenateCA
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