Angry Mortgage Special Guest Dan Mcteague - President of Canadians for Affordable Energy and Member of Parliament for 20 years | EP. 165
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Mar 17, 2026 Dan McTeague, president of Canadians for Affordable Energy and former long-time MP, explains fuel price dynamics and energy policy. He discusses recent gasoline and diesel spikes. He warns how prolonged Middle East conflict could skyrocket oil and what that means for inflation and interest rates. He critiques Canadian production limits, missed LNG opportunities, and policy-driven deindustrialization.
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Canada Sells Cheap Gas That Others Profit From
- Canada is effectively exporting value by selling natural gas at low domestic prices to U.S. terminals, where it becomes LNG sold at much higher global spot prices.
- Dan says Canadian gas sold to U.S. terminals for ~$3 can be liquefied and sold abroad at ~$19, representing lost national revenue.
Clean Fuel Standard Is A Hidden Pump Tax
- The federal Clean Fuel Standard functions like a third carbon tax on fuels, adding up to ~20¢/L by 2030 and increasing consumer fuel costs.
- Dan explains it forces refiners to buy credits or change inputs, passing costs to consumers and adding to gasoline price pressure.
Green Subsidies Created Stranded EV Production
- Massive government-backed EV and green-industry subsidies produced misaligned production with demand, leading to stranded assets and taxpayer losses.
- Dan cites the Ingersoll BrightDrop vans and GM plant closure as an example of 2,000 vans versus expected 100,000 causing federal/provincial losses.