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Opinion

Oh For Truck’s Sake – a KinderMorgan Story

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4 minute read

By Cory G. Litzenberger, CPA, CMA, CFP, C.Mgr – President & Founder of CGL Strategic Business & Tax Advisors (CGLtax.ca)

Say you have a 1953 F-100 pickup truck. It has a 110 horsepower V8 that still works fine. You’ve done regular maintenance and repairs, and you have fixed it repeatedly to keep it on the road, but the job it performs just isn’t enough anymore to meet the demand of your customers.

The old truck isn’t what it used to be. You can’t accelerate as fast, can’t get to where you want to go as quickly, it costs more to run, and the towing capacity isn’t what you need to be at full efficiency.

To most people, the truck is a classic, and many would see it as something worth saving and restoring. Now, you aren’t willing to part with it just yet either, but you know that in order to keep your business running you can’t continue with only this old truck.

As a result, the time has come for an upgrade, so you can continue operations. The new model has an engine with over 400 horsepower, better fuel efficiency, new technology, more safety features, and can easily meet the needs of your business and the needs of your customers for many years to come.

There is only one catch.

You can’t easily get the truck.

The Canadian government is requiring you to have permits, licenses, and approvals before getting the truck.

Then once you get them, the BC government is saying that you shouldn’t have been approved to get the truck.

While you patiently file all papers and deal with all legal proceedings, there are now protestors and politicians blocking any route you try to prevent you from getting the truck.

Meanwhile, you keep using your old truck and see your competitors starting to get new trucks in other jurisdictions and start shipping to your customers while you still patiently wait for your own new truck.

But now the time has come to do something.

If you don’t get your new truck soon, you will have no choice but to go get your new truck somewhere else or you could lose a lot of business.

You aren’t asking for money, you’re just tired of being patient. Your business depends on it, and the delays preventing you from getting the truck are threatening your business.

All you want is for the protestors to move and the governments to stop changing their minds, so you can have the truck.

So what does the government decide to do to help you?

Instead of removing the protestors and sticking to the approvals already granted, they will buy your old truck and bring in their own new truck to compete against you instead.

Say goodbye to something that has been working for you for 65 years, and say hello to your new competitor.

So instead of helping your business, they are telling you to leave it behind and go somewhere else.

Now at least you’ll have the money to put towards that new truck you want, except now you not only have to do it elsewhere, you now have another competitor also getting a new truck, and still has the old one that you were going to use to help pay for the new one.

If this were you, would you ever want to come back to Canada?

Personally, I would enjoy my new truck somewhere else and never look back.

Before Post

CEO | Director CGL Tax Professional Corporation With the Income Tax Act always by his side on his smart-phone, Cory has taken tax-nerd to a whole other level. His background in strategic planning, tax-efficient corporate reorganizations, business management, and financial planning bring a well-rounded approach to assist private corporations and their owners increase their wealth through the strategies that work best for them. An entrepreneur himself, Cory started CGL with the idea that he wanted to help clients adapt to the ever-changing tax and economic environment and increase their wealth through optimizing the use of tax legislation coupled with strategic business planning and financial analysis. His relaxed blue-collar approach in a traditionally white-collar industry can raise a few eyebrows, but in his own words: “People don’t pay me for my looks. My modeling career ended at birth.” More info: https://CGLtax.ca/Litzenberger-Cory.html

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International

Wealthy tourists allegedly paid money to ‘massacre’ civilians in Bosnia during the 1990s

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From LifeSiteNews

By Jonathon Van Maren

The tourists allegedly paid £70,000 to gun down civilians during the Bosnian War of 1992-1995, with the Serbs charging extra to shoot children.

Italian prosecutors are investigating claims that wealthy Western tourists embarked on so-called “human safari” hunting trips to the Bosnian capital of Sarajevo during the Bosnian War of 1992-1995. According to press reports, rich “manhunters” allegedly “paid members of the Bosnian Serb army for weekend trips to the besieged city where they participated in the massacre of residents for pleasure.”

The wealthy tourists allegedly paid £70,000 to gun down civilians during the four-year siege of Sarajevo, in which over 10,000 people died by shelling and sniper fire; the Serbs charged extra to shoot children. The Daily Mail stated that Milanese prosecutors are looking into the “wealthy foreign gun enthusiasts” who traveled to the warzone for “sniper tourism” by flying from Trieste to Belgrade on the Serb airline Aviogenex and were charged up to £88,000.

The claims originated in a 2022 documentary by Slovenian filmmaker Miran Zupanic titled Sarajevo Safari, in which he explored claims that wealthy customers from Italy and other nations flew in to gun down innocent people during the Bosnian nightmare. The tourists allegedly paid members of Radovan Karadžić’s army to escort them to the surrounding the city, where they would set up position and fire at residents. Karadžić was recently sentenced to 40 years in prison for genocide.

The documentary claims that the “safari manhunters” came from Canada, the United States, France, Germany, and Russia, as well as Italy.

The claims are difficult to parse because the killing of civilians by Serb snipers was incredibly common, with the infamous “Sniper Alley” Meša Selimović Boulevard, the main road into the city, turning into a shooting range for the besiegers. The claims in the film are based on the testimony of a Slovenian who worked for an American agency during the war; a retired Bosnian intelligence officer; and three surviving victims. A U.S. Marine also recounted seeing wealthy non-military snipers being escorted into the warzone.

The tourists, described by one interviewee as “bored millionaires” who wanted to hunt people like they “hunted deer,” were allegedly taken by Serb military personnel through UN-protected routes or tunnels, sometimes disguised as aid workers or journalists, sometimes wearing civilian clothing. Estimates indicate dozens of tourists involved, with potentially hundreds of civilian victims.

Now a 17-page legal complaint has been submitted by Milanese writer and journalist Ezio Gavazzeni, with backing from Guido Salvini, a former magistrate, and Benjamin Karic, who served as mayor of Sarajevo from 2021 to 2024. Gavazzeni stated that the Bosnian Attorney General had “shelved an investigation into the ‘sniper tourism’” due to “the difficulty of probing such a case in a country still deeply scarred and divided by war,” although the Bosnian authorities have promised full cooperation with the case.

“We are talking about wealthy people, with reputations—businessmen—who during the siege of Sarajevo paid to kill unarmed civilians. They left Trieste for a manhunt and then returned to their respectable daily lives,” Gavazzeni told the press. The Serbs have denied the allegation, calling it “propaganda”; the Hague Tribunal found insufficient evidence.

Lead prosecutor Alessandro Gobbi, however, is “understood to have a list of several people who can provide testimony,” and Gavazenni stated that up to 100 tourists could have been involved; the case specifically cites the Milanese owner of a cosmetic surgery clinic, as well as others from Trieste and Turin. A Bosnian intelligence agent, says Gavazenni, has agreed to serve as a witness, and has claimed that classified files with evidence are still in existence.

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Jonathon’s writings have been translated into more than six languages and in addition to LifeSiteNews, has been published in the National PostNational ReviewFirst Things, The Federalist, The American Conservative, The Stream, the Jewish Independent, the Hamilton SpectatorReformed Perspective Magazine, and LifeNews, among others. He is a contributing editor to The European Conservative.

 

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Energy

Canada’s oilpatch shows strength amid global oil shakeup

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This article supplied by Troy Media.

Troy MediaBy Rashid Husain Syed

Global oil markets are stumbling under too much supply and too little demand but Canada’s energy sector is managing to hold its own

Oil prices are sliding under the weight of global oversupply and weakening demand, but Canada’s oilpatch is holding steady—perhaps even thriving—as others flounder.

Crude is piling up in tankers, major producers are flooding the system, and demand is fading fast. According to a Windward report cited by Oilprice.com, the amount of oil held in floating storage—tankers sitting offshore waiting for buyers —has hit record highs. Sanctions on Russian and Iranian crude have sidelined entire fleets. Meanwhile, Middle East cargoes continue to pour in, keeping global supply bloated.

Gunvor CEO Torbjorn Tornqvist called the scale “unprecedented,” warning the market would be flooded overnight if sanctions against Russian and Iran were lifted.

And there’s more coming. U.S. crude production has hit a new record of 13.8 million barrels per day in August. And China’s Changqing oilfield just surpassed 20 million tonnes in cumulative output, and national totals have topped 400 million tonnes of oil equivalent this year. More barrels. More pressure. Less price support.

At the same time, demand is slipping. U.S. gasoline use is down. Global shipping activity has slowed. JPMorgan just trimmed its 2025 oil demand forecast by 300,000 barrels per day. China’s manufacturing sector shrank for the seventh month in a row.
Japan’s purchasing index dropped to an 18-month low. And recession fears are back in the headlines.

OPEC+ tried to calm the chaos by announcing a modest increase in output this December, with a pause on future hikes. But the move didn’t move markets. Then Saudi Arabia cut its selling prices to Asia, a clear signal that the kingdom sees weak demand ahead.

In short, it’s messy out there. But not everywhere.

Amid this global downturn, Canada’s energy sector stands out for one rare quality: resilience. While other producers are scaling back or scrambling to adapt, Canada’s oilpatch is quietly outperforming.

A recent CBC News report highlighted the sector’s staying power and why it’s better positioned than its U.S. counterparts. “The companies that have survived here are the companies that have been able to adapt,” said Patrick O’Rourke, managing director at ATB Capital Markets. “It’s effectively Darwinism.”

It’s also smart design. Canada’s oilsands—primarily in Alberta—are expensive to build but cheap to run. Once the upfront costs are covered, producers can keep pumping for decades with relatively low reinvestment. That means even in a
downturn, output stays strong.

Dane Gregoris of Enverus says Canada’s conventional sector is holding up better than the U.S. shale patch. Why? Canadian oil producers operate more efficiently, with fewer legal and logistical barriers tied to land access and ownership than their U.S. shale counterparts. They also benefit from lower operating costs and are less dependent on relentless drilling just to maintain output.

And now, they finally have a way to get more oil out.

The long-delayed Trans Mountain pipeline expansion is finally complete. It delivers Alberta crude to B.C.’s tidewater and, from there, to Asian markets. That access, once a significant limitation for Canadian producers, is now a strategic advantage. It’s already helping offset lower global prices.

Canada’s energy sector also benefits from long-life assets, slow decline rates and political stability. We have a reputation for responsible regulation, but that same system can slow development and limit how quickly we respond to shifting global demand. We can offer a stable, secure supply but only if infrastructure and regulatory hurdles don’t block access to it.

And for Canadians, that matters. Oil prices don’t just fuel industry headlines; they shape provincial and national budgets, drive investment and underpin jobs across the country. Most producers around the world are bracing for pain but Canada may be bracing for opportunity to expand its presence in Asian markets, secure long-term export contracts and position itself as a reliable supplier in a turbulent global landscape.

None of this means Canada is immune. If demand collapses or sanctions lift, prices could sink further. But in a volatile global landscape, Canada isn’t scrambling—it’s competing.

While others slash forecasts, shut wells or hope for an OPEC rescue, Canada’s energy producers are doing something rare in today’s oil market: holding the line.

Toronto-based Rashid Husain Syed is a highly regarded analyst specializing in energy and politics, particularly in the Middle East. In addition to his contributions to local and international newspapers, Rashid frequently lends his expertise as a speaker at global conferences. Organizations such as the Department of Energy in Washington and the International Energy Agency in Paris have sought his insights on global energy matters.

Troy Media empowers Canadian community news outlets by providing independent, insightful analysis and commentary. Our mission is to support local media in helping Canadians stay informed and engaged by delivering reliable content that strengthens community connections and deepens understanding across the country

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