What Does a Global Oil Shock Mean for Canada? | The Rundown

Описание: The world has lived through oil shocks before - from the Suez Crisis of the 1950s to the Arab oil embargo of the 1970s - but today's turmoil raises new questions about how vulnerable global energy markets really are. What would it mean if Iran keeps the Strait of Hormuz closed, and how does this moment compare to past crises that reshaped the global economy? For Canada - the world's fourth-largest producer of crude oil and fifth-largest producer of natural gas - the stakes are especially high. When energy markets are shaken, Canada isn't just affected; it's implicated. So what political and economic choices should be on the table right now, and could the fallout push us toward a recession? To unpack the risks and the realities, we're joined by Bob Yawger, commodity specialist at Mizuho Americas, oil-market researcher Rory Johnston, founder of the Commodity Context newsletter, and Heather Exner-Pirot, director of energy, natural resources and environment at the Macdonald-Laurier Institute.

About The Rundown:

The Rundown is your nightly half-hour deep dive into just one headline. With host Jeyan Jeganathan, we’ll cover everything from housing and health care to climate and AI. We’ll break down why each topic matters, who’s living it, and what’s being done to make things better – starting right here in Ontario. Slow down. Tune in. Make sense of the moment. And tell us what you think.

Follow on social media:
Instagram –   / therundowntvo  
Facebook-   / therundowntvo  
X-   / therundowntvo  
Bluesky- https://bsky.app/profile/therundowntv...

Subscribe to TVO Today to watch more content like this:    / @tvotoday  

Listen to the podcast: https://www.tvo.org/podcasts/the-rund...

Check out the rest of the TVO ecosystem
TVO Docs -    / @tvo  
TVO Kids -    / @tvokids  
TVO Learn -    / @tvolearn  

Download the TVO Today App Apple - https://apps.apple.com/ca/app/tvo-tod...
Available on: Roku, Apple TV, Android TV, Samsung, LG, Amazon Fire TV

Enjoying this content and want to make a meaningful impact? Consider donating today! https://support.tvo.org/site/Donation...