As someone that works in Alberta’s oil and gas exploration industry that was just notified his company is pulling out of Canada before the end of 2020, I can understand how government bailouts and price controls are initially appealing to many. However, both price controls and bailouts significantly distort markets, Read more…
Shale oil has been driven by investors with few places to put their money deciding that oil US and Canadian oil plays MIGHT work out. The fracking revolution (a.k.a the Shale Revolution) never made financial sense and investors started fleeing the business in 2019. By 2020 once booming areas like Read more…
After 50 years of serious oil and gas expansion it is time to rethink the options for Alberta’s economy. In every downturn, large or small, there is talk of “Western diversification” but nothing much seens to change. This time, it needs to be different. Is Calgary or even Edmonton as Read more…
We have seen gasoline prices plummet to as low as USD$1.29/gallon in the United States and CDN$0.58/liter in Canada. We knew that: the United States became the worlds largest producer of oil a few years ago thanks largely to the fracking revolution, and Russia and Saudi Arabia were quickly expanding Read more…
We have received several comments from readers and friends saying that they expect gas prices to stay at this historical low rates because COVID-19 (see our new videos: How COVID Ends and COVID vs Spanish Flu vs SARs vs MERS) will likely drag out low demand for many months or Read more…
David Book, Managing Director of Clearview Energy Partners, does an excellent job of crystallizing the known issues and outcomes for the oil and gas industry over the next few years. Topics include: COVID-19 Trump Reelection Russia’s Tax Structure Saudi Pools of Cash De-Globalization Innovation .
I have a relative that is quite literally the biggest Tesla fanboy I have ever conversed with. He correctly points to how far ahead Tesla is on battery technology and how the big manufacturers like GM, Mercedes, BMW, and FCA have just let him take the market. Simply pointing out Read more…
In a recent article we detailed More than 40 Electric Vehicles Coming by 2021 You Can Afford, but that list includes vehicles you won’t see for more than a year and some vehicles that are unlikely to be sold in volume. So we updated and filtered that list to the Read more…
In a few recent interviews GM CEO Mary Barra has said that she does not see big returns in hybrids and wants to go directly to all electric vehicles. “…There is an inherent cost because you’ve got two powertrain system. And when you are a company that believes in the Read more…
With all the talk of Indigenous rights being trampled on by governments and big oil, you are probably not surprised by the blockades that have poped up, reportedly in support of the Wet’suwet’en. The problem is, the Wet’suwet’en Chiefs DO support Coastal GasLink. “What?!?!” you say, “How can this be? Read more…
The General steers a big ship (perhaps, ‘a big truck’ is a more apt analogy… but I digress) and when they make changes they have to do so with serious consideration for what those changes do to their existing businesses. In particular, their profitable businesses like luxury vehicles and pickup Read more…
Since Ford kicked GM to the curb and stole their multibillion dollar deal with famed EV truck maker Rivian in the spring of 2019, GM has had a big problem. It has been clear for some time that GM does not want to risk making changes to their golden goose, Read more…
If you want to understand why Alberta is different, just watch this video. We have attended many similar meeting in other Provinces over the years and seldom seen such thoughtful, calm, and well argued positions by members of the general public. If you don’t have time to watch the full Read more…
In this stunning announcement Microsoft President Brad Smith said his company will: Consume only renewable energy by 2025 Will CAPTURE as much CO2 carbon as Microsoft AND ITS SUPPLIERS have put into the environment since its founding in 1975 Will require vendors to be increasingly carbon neutral Will fund investments Read more…