You aren’t keeping the price of anything down. Your party/government has made life very difficult for Canadians and if it weren’t for war and the strife with the US, there is no way Liberals would be pushing oil or gas. Government wasted tens of billions on battery plants ffs. Telling Cdns, they’d better prepare to go electric. Who needs foreign enemies with the pencil necked leftwing in charge of Canada.

It’s confusing for him, Corey

Now explain to us how yesterday, without an SPR or additional egress capacity, Canada committed to the following: “Canada and its G7 allies agreed on Friday to release diesel and crude oil into the market as energy prices continue to climb during the Iran war.” ca.finance.yahoo.com/news/ca… @RazorOil

Good example and reason to change this poor policy! Thanks for displaying our incompetence

You're an idiot. The 95 million is tank space, not a reserve. IEA members must hold 90 days of net imports. Net exporters are exempt. Canada is a net exporter, so its stockholding obligation is zero. It has no public SPR and does not force companies to hold emergency stocks. The IEA says that outright. Canada's barrels are commercial working stocks at places like Hardisty and Edmonton. Western Canadian crude tank capacity is on the order of 100 million barrels (Alberta alone is about 91 million). That is how much the tanks can hold, not how much is in them, and it is not oil set aside for the IEA.

What are you going to do if you need oil? Steal it from Canadian producers? You have no inherent right to it. No wonder no company wants to invest in Canada.

Pierre Poilievre is correct that Canada is the only G7 country without a government-controlled reserve. The United States has been a net petroleum exporter since around 2020 and is likewise no longer bound by the IEA net-import stockholding rule, yet it maintains a Strategic Petroleum Reserve (drawn down to roughly 284 million barrels by late September 2026 after contributions to the coordinated response to the Strait of Hormuz disruption). Coordinated releases have historically exerted downward pressure on prices in the short run—U.S. Treasury analysis of the 2022 release estimated a 17–42 cent per gallon reduction in gasoline, and IEA officials noted prices beginning to ease after the early-October 2026 announcement of further diesel and crude releases. Governments can also structure releases as exchanges (loan now, repay later) that potentially refill at lower prices. The disagreement is therefore mainly normative: whether Canada should voluntarily build a reserve for strategic flexibility and possible revenue or price-smoothing benefits, as the United States has done, even though international rules do not require it.

The perpetual Liberal apologist at it again. Private commercial inventories are not the same as a strategic petroleum reserve. IEA documentation states that Canada holds no public emergency oil stocks and imposes no stockholding obligation on industry. Commercial storage—cited in the your post at roughly 95 million barrels—serves private operational and commercial needs. Companies control those barrels and are not required to release them for government-directed emergency purposes or collective IEA actions. The United States illustrates the distinction. It has been a net petroleum exporter since around 2020 and is therefore also free of the 90-day import-cover rule, yet it maintains a government-owned Strategic Petroleum Reserve that still held roughly 284–285 million barrels in September 2026 after large draws. In the March 2026 IEA collective release linked to the Strait of Hormuz disruption, the United States contributed about 172 million barrels from that reserve (structured largely as exchanges), while Canada’s 23.6 million barrel promise never appeared. A government-owned reserve would give Ottawa discretionary control over timing and volume of releases that commercial inventories do not. Releases still enter the market at prevailing global prices, so the direct effect is on available supply rather than a sustained discount below world levels. Having strategic reserves is a geopolitical choice that makes more sense in a structurally chaotic world. And is considerably easier to demonstrate participation than “we’re going to produce extra barrels”. This is NATO style thinking which made Canada an international parasite of sorts. Now that Carney has addressed NATO free loading we should be addressing oil reserves.

And Liberals have done zero about it. ZERO

"Build a Strategic Reserve"? You happen to have some stable alt caverns laying around empty that we can fill up with oil, by pumping it out of existing salt caverns, piping it to the empty caverns, and pumping it down there? Do you know how DUMB this sounds, Pierre? #canpoli

Just because we're exempt from having a reserve doesn't mean we shouldn't

Hi Cory, it’s me again. As an Alberta MP you should probably know that Canada is NOT a G7 country. Canada is a G11 country & the only reason Canada is as high as it is, is because of our proximity to The USA. AND Canada’s rank is slipping. 👇👇

Go re-read the IEA recommendations on SPR's which cover far more than just one petroleum type. Canada should have a number of reserves located across the country. Go check in with NRCAN and start advocating for some of the reserves to be located within Alberta.

Just because Canada has no legal obligation to have a strategic reserve, doesn't mean it's not a good idea to have a strategic reserve. I'm pretty sure it wouldn't be illegal for Canada to have a significant strategic reserve for just such an occasion...

Pierre turned down a briefing on this to create his own facts I'm sure.

Maybe you should change that.

Eastern Canada SHOULD have a strategic oil reserve because they refuse to have a direct pipeline from Alberta. Anyways I don’t care if they do or don’t. Fuck em freeze bitches

Yes. It’s hard to listen to Poilievre. Complete nonsense. Unhelpful. We are on challenging times. He seems increasingly challenged on truth, logic and purpose.

haha….you think he thinks of himself as an MP from Alberta. Well…okay.

“As an Alberta MP you should probably know we are the only G7 country without a strategic oil reserve because we are the only G7 nation that is a net exporter of crude.” What has your statement got to do with whether Canada has a strategic petroleum reserve or not?

Counting planned output as a “release” is a labelling exercise, not extra oil on the market. That is the criticism, and the record supports it. I was describing what was said and what actually happened. More propaganda from the Liberals. Good grief.

Corey… thats ridiculous, the LPC hammered home the end of the world due to oil and we are poorer for it. This and your bosses personal economic war with the US is going to add to that burden. Good thing your voter base are blind followers.

Hardisty Alberta oil storage facility.🇨🇦🍁🇨🇦

If we are such a great producer of oil, why isn't Alberta able to ship oil to the east coast instead of them importing Saudi and Venezuelan crude? Oh yea.....Quebec said no. Maybe you should focus on that so Canada can be 'its own best customer'.

Can you give us serfs some details on the 23 million barrels that you goverment pledge to release given Canada has no strategic reserve?

Hey fellow CDNs, aren’t you so grateful that Canada is the ONLY NET IMPORTER OF OIL IN THE G7, yet look at the prices for 1L of fuel in Metro Vancouver So grateful to you & your @liberal_party Cory. I’d be lost without you. Regular gas $206.9 Premium $236.9 Diesel $292.9

Canada has never had a strategic oil reserve because we’ve never been a serious country!

The pathetic track record of Canada's inability to catch up to the world can't be glazed over so easily as it was in the past. Canada's political class never did the proper management nor action. Now that your EU masters have decided to throw the strongest relationship in the world aside, you all we realize the dismal track record and the lackadaisical leadership it always had after 1982 forward.