Some random thoughts about high gas prices:
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Some random thoughts about high gas prices:
1) Good, high gas prices will help EV sales!
2) And yet, isn't that a privileged view? To assume people can just switch their vehicles? I'd love to swap my 7 year old Subaru for a newer EV but hell if I could afford to right now.
3) Globalization man, here we are totally self-sufficient, a net exporter of energy, and yet some strait in the middle east makes our prices go up?
4) Oh riiiiiiiight... the backlash over the proposed National Energy Program that Alberta never seemed to recover from.
5) Thanks, Trudeau. -
R relay@relay.mycrowd.ca shared this topic
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Some random thoughts about high gas prices:
1) Good, high gas prices will help EV sales!
2) And yet, isn't that a privileged view? To assume people can just switch their vehicles? I'd love to swap my 7 year old Subaru for a newer EV but hell if I could afford to right now.
3) Globalization man, here we are totally self-sufficient, a net exporter of energy, and yet some strait in the middle east makes our prices go up?
4) Oh riiiiiiiight... the backlash over the proposed National Energy Program that Alberta never seemed to recover from.
5) Thanks, Trudeau.@zazzoo its going to help EV sales almost everywhere else, which are already far ahead, since they don't have trade restrictions that prevent reasonably priced EVs.
This will probably be a blip anyway. The mid and long term is an oil price crash as it becomes non-economic everywhere, all the time.
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@zazzoo its going to help EV sales almost everywhere else, which are already far ahead, since they don't have trade restrictions that prevent reasonably priced EVs.
This will probably be a blip anyway. The mid and long term is an oil price crash as it becomes non-economic everywhere, all the time.
@johnefrancis The current high prices are barely justifiable now, owing to the different grades of the goop. A restricted supply of oil in one part of the world doesn't necessarily translate to a surge in demand for our tarry stuff. But hey, I recognise you generally know more about this stuff than I do, John.
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@johnefrancis The current high prices are barely justifiable now, owing to the different grades of the goop. A restricted supply of oil in one part of the world doesn't necessarily translate to a surge in demand for our tarry stuff. But hey, I recognise you generally know more about this stuff than I do, John.
@zazzoo Canadian sludge trades about $10-$20 below the Texas goop. But it's hard to get realtime pricing for it. And it's all futures contracts. Nobody actually planning to actually receive oil would buy those contracts in recent days, just speculators.
I read today how up to the 70s, there were price controls on US produced oil. Then they swapped those for a windfall tax for a while. Then they cancelled the windfall tax in the 80s. Since then, it's been a price gouging free for all.
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@zazzoo Canadian sludge trades about $10-$20 below the Texas goop. But it's hard to get realtime pricing for it. And it's all futures contracts. Nobody actually planning to actually receive oil would buy those contracts in recent days, just speculators.
I read today how up to the 70s, there were price controls on US produced oil. Then they swapped those for a windfall tax for a while. Then they cancelled the windfall tax in the 80s. Since then, it's been a price gouging free for all.
@johnefrancis The oil and gas industry is like a butterfly sneezing in an Amazon warehouse used as justification to take more profits. I mean, I think that's how chaos theory works right?
But still, Alberta crap gets pumped to the states and turned into useful stuff at the rate of about 5M barrels. 1M barrels-worth of gets shipped back to us, value-added, per day. And yet there's a "supply shortage" thanks to the massive shell game the US plays with imports and exports from an to various countries (source: US DoE).
If we hadn't given up on our refinery capacity, they wouldn't have their Amazon butterflies.
Globalization! It's the same BS we went through with hyper-inflation during the recognized part of the COVID pandemic.
