VIRTUAL
DATA ROOM

Crude Observations

Movie Distraction

This week is all about my top 10 Christmas movies, but as always I reserve for myself the right to take some gratuitous holiday potshots at my favourite target, the Canadian Federal government, the governing Liberals, Mark Carney and, for good measure, the toddler known as Pierre Poilievre.

 

For those of you who are living under a rock (or just don’t care) the Canadian Liberal minority government continues to underperform even the complete lack of expectations that Canadians hold. No mean feat for Canada’s Natural Ruling Party.

 

I do have Christmas/Holiday stuff to get to so I will keep this brief.

 

Fresh off signing a historic MOU with the Alberta government that is supposed to pave the way for pipelines and fossil fuel production and pollution for decades to come, the Carney government finds itself fighting not only the full frontal assault of Conservative skepticism, BC intransigence and First Nations opportunistic extortion, they are also forced to deal with an insurrection within the party itself.

 

That’s right, not content with merely resigning from cabinet, uber-mensch Stephen Guilbeault is committed to honing his media bonafides by giving every news outlet and podcast with more than two subscribers (parents don’t count) hours of his time to express his deep disappointment with his party leader’s selling out of the environment in the name of… what’s it called, prosperity.

 

On the other side of the aisle we have the childish preening of the peacock Conservatives, strutting around trying to catch the Liberals with their zippers down by forcing votes on select portions of the MOU in a cynical attempt to curry favour with their base by producing gotcha moments that, while legislatively irrelevant, will go a long ways towards helping their fundraising.

 

Look, I know a lot of Liberals aren’t gung ho about pipelines, but can we leave party discipline to the whips and get on with our lives?

 

Speaking of party discipline and solidarity – what gives with the Conservative hemorrhaging of sitting members to the other side of the aisle? If the pace of CPC defections continues, Mark Carney is going to have super-majority before we know it and there will be zero prospect of a 2026 election. There is something amiss in the conservative world and it doesn’t appear like any of the usual retreads have a plan to fix it.

 

Alright, enough of all that – hopefully it can all get sorted out in January, meanwhile it is time to do some actual work and present to you my most anticipated blog of the year, which is actually some of my best work.

 

That’s right, it’s my annual paen to the Christmas movie.

 

This is mainly because as any regular reader knows, I have an uncharacteristic weak spot for Christmas and holiday movies.

 

 

Wait, let me restate that. I have a Christmas and holiday movie problem. It’s not pretty or cure or endearing. The family is actually concerned and tried an intervention but the Elf on a Shelf didn’t make it on time.

 

 

Here’s how it happens. Pretty much the day after American Thanksgiving the binge begins, with our home television tuned nightly to the Women’s Network, W (Canada’s answer to Hallmark Channel) and Bravo watching a virtual non-stop barrage of such timely holiday classics as Hats Off to Christmas, Christmas in <<insert generic small-town name here>>, Sharing Christmas, A Cookie Cutter Christmas, A Holiday Engagement, A Royal Christmas, A Corgi Christmas, A Wish for Christmas, Christmas at the Catnip Café, Crown For Christmas, Family for Christmas, A Cheerful Christmas (this seems mailed in to be honest) – I could go on forever.

 

 

And most of these movies have one of two generic plots – either a scrooge-like, non-Christmasy city-slicker is dumped into small-town America (often during a blizzard) where they discover the true meaning of Christmas when they meet a down-to-earth overly happy plaid-clad sharer of simple wisdom or some “commoner” American (usually a dress-maker, a teacher or an event planner) discovers that her new boyfriend/prince charming is in fact a real honest to goodness prince of some made-up European principality (Wingravia anyone?) and she has to battle both a grouchy queen and bad Christmas mojo to secure her rightful place at his side as he discovers the meaning of love and Christmas at the same time. About 30% of the time, the gender roles are reversed.

 

 

Some of the titles seem decidedly lazy with such luminescent tales as “Tell them to come home for Christmas” and “The Nine Kittens of Christmas” (extra points for animal exploitation!) and “Light Up Christmas” (I feel this may have been an ad for a pot store). These titles tell me that the Artificial Intelligence wave has been writing these movies for quite some time.

 

 

An added twist in the past few years has been the inclusion of LGBTQ characters and, in a weird trip down memory lane, an uptick in Hannukah themed movies that all seem to feature my high school classmate Alex Poch-Goldin as a kindly, bumbling Jewish grandfather.

 

 

A few additional factoids on these Christmas movies. First, the vast majority are filmed in Canada (let’s see you tariff this bit if Christmas spirit Donald!). Second, they are legally required to cast Lacey Chabert in at least one Hallmark movie a year and it needs to have a sentimentality score of 47 or higher.

 

 

Oh, and this year, they have a reality show contest (Finding Mr. Christmas) to win the starring role in an upcoming movie that will be aired just before Christmas. And it isn’t me. I shit you not.

 

 

Where am I going with this? Well since I am an expert and all, I am going to count down the Top 10 (non-Hallmark) holiday movies of all time (in my EXPERT opinion) and, since this is in theory still an energy blog, I am going to provide plot synopses for each as if they were set in the energy industry. You will note that despite my Hallmark addiction, there is nary a one in this list.

 

 

10 – Trading Places

 

As the Christmas season begins, upper-crust executive Louis Winthorpe III and down-and-out hustler Billy Ray Valentine are the subjects of a bet by successful brokers Mortimer and Randolph Duke. An employee of the Dukes, Winthorpe is framed by the brothers for a crime he didn’t commit, with the siblings then installing the street-smart Valentine in his position. When Winthorpe and Valentine uncover the scheme, they set out to turn the tables on the Dukes.

 

Two old school oil and gas tycoons – let’s call them Murray Edwards and Mike Rose bet each other a dollar that a down and out homeless man named Kevin will be as successful predicting the price of oil as the multi-million dollar analyst and hedge fund manager they are currently paying. As the contest plays out over Christmas, it turns out it’s a draw – no one can predict the price of oil. Murray Edwards fires both of them on Christmas Day while sailing off the coast of the French Riviera.

 

 

9 – A Christmas Story

 

This movie follows the wintry exploits of youngster Ralphie Parker, who spends most of his time dodging a bully and dreaming of his ideal Christmas gift, a “Red Ryder air rifle.” Frequently at odds with his cranky dad but comforted by his doting mother, Ralphie struggles to make it to Christmas Day with his glasses and his hopes intact. Most memorable line of course is “you’ll shoot yer eye out” which he almost does.

 

In the oil patch version, premiere Kooky Danielle Smith desperately wants a “Red Pipeline Shovel” for Christmas and spends her time dodging a bully named Carney and filing paperwork to bug him. Ultimately, she receives the longed-for gift of an MOU, except of course it comes with a catch and that’s the unintended consequence of almost shooting her eye out with a carbon tack – careful! As the movie ends, we’re still not sure what will happen, but oddly we are treated to a scene where Smith and Carney are seen eating Peking Duck and doing Jamieson shots at a Chinese restaurant in Edmonton while laughing about Donald Trump and his plan to conquer Venezuela to get access to its cheap heavy oil.

 

 

8 – The Nightmare Before Christmas

 

The film follows the misadventures of Jack Skellington, Halloweentown’s beloved pumpkin king, who has become bored with the same annual routine of frightening people in the “real world.” When Jack accidentally stumbles on Christmastown, all bright colors and warm spirits, he plots to bring Christmas under his control by kidnapping Santa Claus and taking over the role. Chaos ensues.

 

The oil patch version follows our protagonist Vlad Putin, the uncrowned king of Russialand who has become bored of incarcerating journalists and enriching himself amid the cold Moscow winters. When he discovers OPEC, the Middle East and Saudi Arabia and all the gold-plated cars and riches he can have, he hijacks the group and appoints himself defacto influencer and invades his neighbour for fun, thus setting off the inevitable destruction of his own country. Chaos ensues.

 

 

7 – National Lampoon’s Christmas Vacation

 

As the holidays approach, Clark Griswold wants to have a perfect family Christmas, so he pesters his wife, Ellen, and children, as he tries to make sure everything is in line, including the tree and house decorations. However, things go awry quickly. His hick cousin Eddie and his family show up unplanned and start living in their camper on the Griswold property. Even worse, Clark’s employers renege on the holiday bonus he needs.

 

Roger is the CEO of a major US energy player operating in the Permian Basin and he wants to drive his stock price up so he can get paid a massive bonus. Roger overpays for land, borrows indiscriminately and squeezes all his suppliers and service providers to drop their costs as much as possible so he can show great numbers. Eventually however, the overworked completions crew based in Midland decides they are tired of working for 1992 day-rates so things go sideways fairly quickly and Roger ends up with a bunch of DUCs. Ultimately, the board realizes that Roger has spent a billion dollars in capex in less than 5 years and has never made a dime while cashing obscenely high paycheques. So, they turf him and he loses his bonus. The new CEO decides that an oil company drilling for oil is dumb and takes all his cash flow and gives it to his lenders and shareholders. Anyone who doesn’t want a divvy gets to sell their shares back. Not very Christmasy, I know – maybe this one is more of a documentary.

 

 

6 – Prancer

 

Refusing to give up her belief in Santa Claus, a little girl discovers a hurt reindeer in the woods, which she believes to be Prancer. With the help of a sympathetic veterinarian (played by Abe Vigoda!), the girl takes care of the wounded creature. It’s supposed to be a secret, but eventually a department store Santa Claus, the girl’s dad and the entire town find out about Prancer, leading to big problems for the girl, her family and, of course, the poor exploited reindeer.

 

In this timeless classic tale of prior years, Justine refuses to give up her belief that if only she does the right thing, then good things will happen for her province’s energy sector. One day, she discovers a slightly broken carbon levy and thinks that this is just the ticket to get good results, so she nurses and nurtures it to the point where it should be fully functional. However, she discovers much to her chagrin that nobody really cares what her country does and that by and large people are jerks and just in it for themselves. Ultimately the townsfolk turn on her and she realizes that she is going to lose an election to people who don’t care as much about carbon as she does. On top of all that, some mean guy halfway across the country says he’s going to axe the tax. In a heartwarming finish, a group of sympathetic economists band together to make Justine realize that a carbon levy in any form was really only a type of magic. They are all left believers.

 

 

5 – Miracle on 34th Street

 

An old man going by the name of Kris Kringle fills in for an intoxicated Santa in Macy’s annual Thanksgiving Day parade. Kringle proves to be such a hit that he is soon appearing regularly at the chain’s main store in midtown Manhattan. When Kringle surprises customers and employees alike by claiming that he really is Santa Claus, it leads to a court case to determine his mental health and, more importantly, his authenticity which is proved once and for all through all the letters he receives from children everywhere thanks to, of all things, the Post Office.

 

In this scintillating re-imagining of the timeless holiday classic, a skeptical energy sector is revived when a country called Saudi Arabia kicks an over-extended tight oil sector to the curb. Subsequent to this, the benign oil power uses its market heft and leverage to calm oil prices, reduce inventory overhang and deliver a goldilocks oil price environment to the world just in time for Christmas. A skeptical investment community is distracted by the IPO of yet another grifty SPAC, some crypto blowups and a video of Elon Musk dancing the Macarena with Donald Trump. Meanwhile energy prices continue their inexorable rise even with Scroogy Joe Biden doing his level best to stop the malarkey and get gas prices down. Saudi Arabia is once again proven to be the Santa Claus of the energy sector thanks to its overwhelming market power, acknowledged by no less an authority than yours truly.

 

4 – Elf

 

Buddy was accidentally transported to the North Pole as a toddler and raised to adulthood among Santa’s elves. Unable to shake the feeling that he doesn’t fit in, the adult Buddy travels to New York, in full elf uniform, in search of his real father. As it happens, this is Walter Hobbs, a cynical businessman. After a DNA test proves his paternity, Walter reluctantly attempts to start a relationship with the childlike Buddy with increasingly chaotic results and eventually helps Buddy save Christmas.

 

A once proud and iconic home-grown Canadian oil and gas company decides that it isn’t cutting it in Canada so it packs up its management and capital and decides to head south into the United States in search of an acceptable short cycle play to sink all its money into. Now firmly in drilling mode, the company overpays for multiple acquisitions, changes its name to something incomprehensible and relies on some seismic data provided by the same shady local who sold them their land for $167,000 an acre. Drilling well after debt-financed well, the company finally realizes that this isn’t for them, so they eventually decide to retry their luck as close to the North Pole as many of them ever want to get. So, they return to the Great White North and the infusion of cash saves the Canadian oilpatch.

 

 

3 – Scrooged

 

In this modern take on Charles Dickens’ “A Christmas Carol,” Frank Cross is a wildly successful television executive whose cold ambition and curmudgeonly nature has driven away the love of his life, Claire Phillips. But after firing a staff member, Eliot Loudermilk, on Christmas Eve, Frank is visited by a series of ghosts who give him a chance to re-evaluate his actions and right the wrongs of his past.

 

Mark Carney is a newly successful Liberal politician whose predecessor’s dismissive attitude to the energy sector threatens to send his economy into a decades-long funk of stagnant economic growth. After eking out yet another minority government (an outcome completely due to his predecessor’s incompetence), Mark is visited by a series of ghosts who give him a chance to re-evaluate his actions and right the wrongs of his party’s Trudeau past.

 

The first ghost (played ironically by Pierre Elliott Trudeau) shows him Trudeau the elder and then Energy Minister Marc Lalonde drafting the National Energy Program and laughing about those suckers from Alberta while an eight-year-old Justin plays with a Tonka toy excavator and bulldozer in the background.

 

The second ghost (Ralph Klein) shows present day Trudeau taking selfies, surfing, changing his socks, blandly promoting a progressive agenda while jet-setting abroad with his newly found arm-candy Katy Perry – cashing in on his fame even after completely ignoring unemployment, inflation and game changing capital projects at home. Then the ghost shows Mark all the oil workers who are out of work because there was never any motivation to build pipelines, and the slow deterioration of the Canadian standard of living.

 

The third ghost – who is really just an apparition vaguely resembling Donald Trump, shows a scene that opens with newly minted Alberta Empress Danielle Smith opening the first border crossing station between Alberta and BC, before climbing on a tank and leading a hearty rendition of the new Alberta national anthem “Alberta #1 Dammit”. Then it shows an apocalyptic scene in Ottawa where a broke Canadian government is being taken over by yet another new Conservative leader Ezra Levant and his deputy Roger Baker. A look of terror shows on Mark’s face as he is shown the interior of the House of Commons and realizes that his Liberal Party in 2026 has been completely obliterated in the election, winning only one seat, ironically held by anti-pipeline activist and seria annoyance Stephen Guilbeault.

 

Waking in a cold sweat, Mark gives Canadians a ginormous deficit and commands Danielle Smith to forthwith fetch him the finest pipeline in the land!

 

 

2 – Die Hard

 

New York City policeman John McClane is visiting his estranged wife and two daughters on Christmas Eve. He joins her at a holiday party in the headquarters of the Japanese-owned business she works for. But the festivities are interrupted by a group of terrorists who take over the exclusive high-rise, and everyone in it. Very soon McClane realizes that there’s no one to save the hostages — but him.

 

Canadian pipeline foreman Johnny Canuck is doing integrity work and a cutout on a live mainline natural gas pipeline somewhere in the Canadian hinterland when his crew is attacked and taken hostage by dozens of non-descript environmental terrorists on Bombardier snowmobiles. Canuck realizes there is no one there to help rescue the hostages except himself so he takes on the whole lot of them – carefully emptying their gas tanks into jerry cans, collecting their jackets and putting them in the cab of his truck – the usual. In the closing scene, Canuck has been chased to the end of a side-boom where the chief eco-warrior tries to convert him by yelling at him with a bullhorn. “Repent now you fossil fuel exploiting freak” but he slips into the bell hole while he’s doing it and only the fast reflexes of Canuck grabbing his wrist saves him from getting crushed by a length of pipe. “Hey” yells Canuck, “where’s your helmet, your safety tickets and your cover-alls?” before getting him a blanket and a cup of hot cocoa (our hero has both safety and culinary training!). In the last scene, we see Canuck with a lot of concern loading the last of the frost-bitten and chastened attackers into an F350 Crewcab for the long, but warm, drive back to civilization and a Christmas celebration with friends and family.

 

What? Well seriously, what did you expect to happen? It’s the Canadian oil patch. Safety first. Look out for each other. Everyone goes home.

 

 

1 – It’s A Wonderful Life

 

After George Bailey wishes he had never been born, an angel is sent to earth to make George’s wish come true. George starts to realize how many lives he has changed and impacted, and how they would be different if he was never there.

 

After Greta Thunberg, environmentalist and climate change warrior priestess, wishes that oil had never been discovered, a geophysicist baseball fan is sent to earth to show her what a world without oil and natural gas would be like.

 

The geo-nerd drops Greta in a world without fossil fuels and underground seismic mapping and tells her to take a look around. After wandering around in the dark and choking on the smoke from all the wood and turd fires required to maintain warmth for 8 billion people, Greta stumbles upon a town where infant mortality is well in excess of 20%, life expectancy is less than 50 years, there are no computers, crop yields are a quarter of what they were, there are no airplanes, war is a constant and what is with these itchy hemp clothes! Topping it all off, Greta discovers that in this world, Donald Trump is the co-emperor with Vladimir Putin. Crying out in desperation, a chastened Greta is heard to exclaim toward the end of the film: “I had it all wrong, surely there is a way we can all co-exist!”

 

As the movie closes, a smiling Greta is seen driving a Tesla battery-powered side-boom as part of Spread #2 for the new Northern Gateway project as a bell rings – another geophysicist has earned its wings. As the movie closes, Elon Musk puts his arms around Donald Trump’s shoulders and says: “should we tell her?”. “No” says the Donald.

 

 

Bonus Actual Top Movie – Diner

 

Billy returns home to Baltimore at Christmas to serve as the best man at the upcoming wedding of his childhood buddy Eddie. In the meantime, he and Eddie get together with their friends at the local diner, where they trade stories about their lives. All they really want to do is go back to being the carefree boys they once were, but they know it cannot be. Their funny and at times revealing exchanges help each other face the mounting responsibility of adulthood.

 

Stu and some fellow Crude Observations subscribers and readers get together at a local watering hole just before Christmas to enjoy a couple of glasses of wine and some good food while swapping stories about the old days when oil was $80 and natty was $5 and people actually spent money in the oil patch. Oh wait, that’s a real thing we’re hoping to do next week!

 

 

So, there you have it, my top 10 Christmas movies of all time, absolutely ruined by twisted metaphor.

 

 

And I know you all wanted Die Hard as the number one, but I just couldn’t do it. To me, the Christmas movie is all about the sappy/happy ending and what could be better than Greta Thunberg acknowledging that oil and gas has made life wonderful thanks to Donald Trump?

 

 

And as to the inclusion of Diner as the actual best one? It brings me back in time. Not to the early 60’s, because I wasn’t alive, but back to a much more youthful and innocent time and how much those characters resonated with our lives then. Plus – Fenwick is in the manger – we must have travelled far.

 

 

Crude Observations
BLOG
Sign up for the Stormont take on the latest industry news »

Recent Posts

Categories