China Won't Save Oil Dreams of Carney and Smith

Prime Minister Mark Carney and Alberta Premier Danielle Smith want to build a new one-million-barrel-per-day pipeline to Canada's West Coast to serve Asian markets. But what if the assumptions behind that strategy are already outdated? I sat down with Dr. Michal Meidan of the Oxford Institute for Energy Studies, one of the world's leading experts on China's energy system, to discuss where Chinese oil demand is headed. We cover: • Has China's transport oil demand already peaked? • Can petrochemicals offset falling gasoline and diesel demand? • How electric trucks are changing China's diesel market. • What the Iran war taught Beijing about energy security. • Why China is accelerating electrification, not slowing it. • Whether China could absorb another one million barrels per day of Canadian crude. • Why diversification matters more than ever for both China and Canada. The conversation challenges one of the central assumptions behind Canada's new pipeline debate: that growing Chinese demand will guarantee a market for Canadian oil for decades to come. Watch to the end for Dr. Meidan's assessment of whether Canada should be making billion-dollar infrastructure decisions based on China's evolving energy system. #China #OilDemand #Alberta #OilSands #EnergyTransition #ElectricVehicles #Pipelines #MarkCarney #DanielleSmith #EnergySecurity #Iran #Asia #Canada #Energy #Geopolitics