Environment, Economy, Politics.

[W101]

 But in the big picture I am more worried
  About this . I mean what the hell is going on
  Vegan plot I say .

   
   http://nationalpost.com/life/food/one-in-five-sausages-tested-across-canada-had-meat-not-on-label-study/wcm/f259ffe4-aad5-4f69-a6e0-d38a47b94d4c

   And that is why ,I make my own !

[Walleyes]

Mmm horse meat my favourite.

[Walleyes]

  I agree it is getting a bit tedious . There are some facts
   I am sure of. Eastern voters are less critical of a candidates
    questionable character than westerners ......unfortunately
     the latter do not carry all the weight.
     Suffice to say most of us Bertans felt Brian was very fortunate
      in avoiding cell time !
       I just don't trust anybody east of Kenora .
        At the risk of sounding a little misoginistic this thing
         Canada has with the fairer sex at the helm may just
         be getting a little stale . ( you couldn't say that in the
          National Post ) .
           I'm not over the moon totally about the new Federal
             PC leader either , another mute  .
             In my worst nightmare, the Eastern Grits and the Torys
               are in cahoots and splitting up the booty .
             

At the end of the day as long as who's ever in is not a liberal, I can't stand liberals they are the demise of the free world they really are. They don't know it, they're to blind to see it but it's true. Some people think that Islam is the biggest threat to our freedoms it's not, it's Liberalism. Islam is just the means to which it will happen but Liberalism will usher it in. 

[AxeMan]

At the end of the day as long as who's ever in is not a liberal, I can't stand liberals they are the demise of the free world they really are. They don't know it, they're to blind to see it but it's true. Some people think that Islam is the biggest threat to our freedoms it's not, it's Liberalism. Islam is just the means to which it will happen but Liberalism will usher it in.

Absolutely true.  Bang on, couldn't have said it better.

[BruceW]

So, let's see,  all control of the Cdn border has been lost, instead of creating/patrolling an actual border little justin has the Cdn army setting up migrant camps for the illegals;  communists are marching in montreal in support of the terrorist left in the US;  the, "report" on the sacking of High River has finally come out and while it admits many laws were broken and civil rights were illegally destroyed before during and after the attack on HR, they have found themselves to have done no wrong and there's no mention of the string of lies in the attempted cover up that followed;  but to be fair the rc's have been pretty busy welcoming the thousands of illegal immigrants.  It appears the only thing the libs are concerned about is getting all the illegal children enrolled in school by fall;  must start the indoctrination I guess, wonder how the quebecer's will like this extra burden on their resources, although to be fair not one dollar of it will be theirs most likely anyway.
Just this week in progressive liberal Canada, and I'm sure I've missed plenty............Hey, look, N. Korea...

[W101]

I wondered when this would happen ....

  The real frogs come out of hibernation , being one myself
  I knew this immigration thing was just a Liberal pipe dream .
  It's the topic that will rebuild the racist PQ .


   http://www.cbc.ca/news/canada/montreal/quebec-asylum-seekers-parti-quebecois-third-country-agreement-1.4245618

   Vive Le Quebec Libre

[avb3]

We kind of all know that electric vehicles will at some point have an impact on oil production and our Alberta economy. This article puts it into a much, much more serious light than I think any of us suspected.


In short, Bloomberg says if the amount of electrical vehicles continue selling at the same trend as now, by 2023 (6 years from now!) it will cause a glut of 2 million barrels a day. But the much more serious part is, Alberta gets hit harder by this than any other part of the world. That is scary!!


Here are a couple of charts from the article, and the link to the entire article itself.





"However the most significant impact of EV’s will initially be on those countries producing oil which is the most expensive to extract and refine, particularly those most dependent on oil exports and revenue for public expenditure. Those countries will experience rapid contraction of their oil markets and revenue earned from them. Some producers may, as they are presently doing, seek to off-set a fall in oil price and revenue by increasing production but this will only exacerbate a demand driven oil glut and accelerate price collapse."[/size]

COUNTRIES LIKELY TO BE AFFECTED BYFALL IN DEMAND FOR OIL BY 2m. BBL/DAY

Country Oil Group Production Bbl/Day Est % of Country Oil Production

Canada Extra Heavy 599,000 85%

Venezuela Extra Heavy 680,000 100%

Indonesia Extra Heavy 165,000 100%

Brazil Heavy 17,000 100%

China Heavy 126,000 62%

Iran Medium 520,000 79%

Iraq Medium 1,460,000 85%

Ecuador Medium 390,000 100%

United Arab Emirates Medium 140,000 28%

[/color][/size]Table 2: Countries most likely to be affected by reduction of 2 million bbl/day in demand for oil based on cost of extraction and refining. Source: [/b]Data derived from the Carnegie Oil Climate Index[/url].[/i][/size][/font][/size]It is for this reason that some major oil producing countries, notably Saudi Arabia and Iran, are diversifying their economies, reducing their dependence on oil production and its revenue stream.[/color][/size]Ultimately - and more rapidly than many now think - oil production/refining companies will be faced with the need to contract or stop production, significantly reducing the value of their assets and ultimately, seeing them become stranded assets of little value followed by closure. Some countries (eg. China, Brazil) may continue production purely for domestic use. Others (eg Venezuela, Canada, Ecuador) are likely to see collapse of their heavier oil export markets.[/color][/size][/color][/size][/color]

That last part is scary as all get out. And that is if the current electric vehicle sales trend doesn't increase, Is there anyone who thinks that? We need government to find a way to plan for this. The current one is hopeless, and none of the other one's seem to even have this on the radar screen.

[greylynx]

Whatever happened to the law of conservation of energy?

I guess the Bloomberg Report has greater reliability and validity.

[avb3]

Whatever happened to the law of conservation of energy?

I guess the Bloomberg Report has greater reliability and validity.

I think ignoring reality is the worst thing we can do economically. 2 million barrels a day less demand has to impact, right? Do you honestly believe that the sale of electric cars won't expand rapidly?

[greylynx]

The law of conservation of energy is a law of physics.

Economics is the study of people. I will believe in a law of physics over the law of supply and demand that has a bunch of externalities tied on to it's tail.

Nothing wrong with the marginal supply and demand curve. It is those externalities that one must watch.

My rule is buy low, and sell high.  Don't tell anyone about my secret.

[AxeMan]

I have a better tip than even Bloomberg will give you.
Invest in Lithium.   

[greylynx]

Have you seen the mess those Lithium mines make in comparison to the tar sands?   

[avb3]

Have you seen the mess those Lithium mines make in comparison to the tar sands?   

You mean the fake picture of which is really a copper mine in Chile?





I find it interesting that few check out suppositions such as this one.

[AxeMan]

I find it interesting that few check out suppositions such as this one.

I find it interesting that AVB would make false supposition and post a pic of a copper mine when we are talking about lithium mines, and then try to insinuate that we got it wrong....lol.     

No, here is a lithium mine, that is what we are talking about.

[avb3]

I find it interesting that AVB would make false supposition and post a pic of a copper mine when we are talking about lithium mines, and then try to insinuate that we got it wrong....lol. 

No, here is a lithium mine, that is what we are talking about.

You know those are evaporation ponds, right? The lithium salt that remains is all removed. You were aware, right? Those are not tailing ponds, where there is no real solution for dealing with them at this time. You knew that difference, right?

[AxeMan]

Yes, they are are actually called leaching ponds and they are in integral part of a lithium mine.  I am well aware. Thanks, Tips.   
Seems you missed the  in grey's and my posts too.  I put 3 of them in there just for you though in the lithium mine comments.  Just having a chuckle about the sensitivity of greeny's, especially when get all all bent and attack with their infinite knowledge from the likes of Gore, Suzuki, and now Bloomberg.

I and most of the people I know are very environmentally conscious and many of us work in industry where we strive to promote better efficiency, but we let common sense economic factors determine the sustainable rate of technological advancement, not wild lobbyist claims by the likes of Gore, Suzuki, and Dicaprio and even Bloomsberg.   I would order an EV now if I really thought it would meet my needs in this part of the world.  It does not currently, but in other markets in the world there is a niche and that will drive better technology.  I use LCA software at work every day and it is an eye opener in realistic efficiency of product development and use.  EV's are not as green as one would think yet.

When it comes to government driving change with policy for efficiency and the environment, most fail miserably because they use it as an excuse for wealth redistribution instead of a true efficiency based tool.  Do I think our government should panic over this Bloomberg report?  No, not yet, but no doubt there is a huge awareness of economic diversification already.

If you want to talk tailings though in the oil sands, have at it.  I work in that industry doing research.  No real solution you say, challenging yes, but many I work with would beg to differ.

[AxeMan]

OMG...what a moron JT is:   
Champion of illegal migration!
Ah ah ah ah ah...calls anyone who doesn't agree with him a racist.
I call him a *^&%$ idiot.

http://globalnews.ca/news/3683416/justin-trudeau-condemns-intolerant-racist-rallies-urges-trust-in-immigration-system/

[avb3]

Yes, they are are actually called leaching ponds and they are in integral part of a lithium mine.  I am well aware. Thanks, Tips.   
Seems you missed the  in grey's and my posts too.  I put 3 of them in there just for you though in the lithium mine comments.  Just having a chuckle about the sensitivity of greeny's, especially when get all all bent and attack with their infinite knowledge from the likes of Gore, Suzuki, and now Bloomberg.

Not sure if I qualify as a greenie, but I do consider myself environmentally conscious. I understand Gore is a PIA, especially when his footprint is likely larger than most of ours. I never did like Suzuki, and I've seen a lecture from him way back in 1969. So, to try and color legitimate comments by throwing the typical, "..but Gore and Suzuki..." does not address the issues, does it?


Bloomberg, however, has the credibility that ALL Wall Street brokerages use the financial information Bloomberg provides, and trusts that information impeccably. What makes one think that Bloomberg reports on other issues are not equally factual, and in fact, no one disputes the content, but predictably, the source. Argue the facts, not the source. If they are wrong, show how. But to deflect to the source as being the reason not to address the issue is not honest debate, is it?

I and most of the people I know are very environmentally conscious and many of us work in industry where we strive to promote better efficiency, but we let common sense economic factors determine the sustainable rate of technological advancement, not wild lobbyist claims by the likes of Gore, Suzuki, and Dicaprio and even Bloomsberg.   I would order an EV now if I really thought it would meet my needs in this part of the world.  It does not currently, but in other markets in the world there is a niche and that will drive better technology.  I use LCA software at work every day and it is an eye opener in realistic efficiency of product development and use.  EV's are not as green as one would think yet.

Do I think EVs are ready for prime time? Yes. Are they ready in all circumstances? Absolutely not, but in most commuting situations in urban settings, even the poorly rated Nissan Leaf with it's limited range, do their job. The point of the article was that if only the same trend of sales occur in the next 6 years as currently happens, 2 million barrels of oil will be displaced, per day, and secondly, it will impact the high cost of production areas first, which happens to be the oilsands.


THAT is the reality we need to face. All other discussion of carbon tax, environmental issues or whatever else is ancillary and a moot discussion, as the reality is what is happening via consumer choice. A parallel may be the old betamax versus VHS... the consumer made a choice, and the betamax format lost out (even though technically it was superior). The consumer is making the choice for many reasons currently, and that is not even considering an uptick in the trend, which most expect. 2 million barrels of oil per day are being displace. How does the oil and industry in general try and make that up? It won't and can't and with us in Alberta being a high cost area, we need to very quickly find an economic set of drivers that allow us do mitigate that loss.


Do you, or anyone really think it will develop in any other manner?

When it comes to government driving change with policy for efficiency and the environment, most fail miserably because they use it as an excuse for wealth redistribution instead of a true efficiency based tool.  Do I think our government should panic over this Bloomberg report?  No, not yet, but no doubt there is a huge awareness of economic diversification already.

Yeah, government is only part of the solution. They need to provide regulations and policy that allow various industries to develop. They should not be investing in any such business, nor should tax dollars go to subsidize any, and I repeat any, industry in any way, including solar, wind or oil and gas.


Probably one of the best things to develop is the food processing industry. We export way too much of our product without processing value added right here in Alberta. Is it the only one? No, of course not, but certainly it can have a broad impact. I'm sure better minds than me can come up with many. Value added O&G products are obvious ones, as shipping raw dilbit or gas elsewhere only generates that revenue, and little more.

If you want to talk tailings though in the oil sands, have at it.  I work in that industry doing research.  No real solution you say, challenging yes, but many I work with would beg to differ.

I'd love to see real solutions to them. I have no doubt things are being worked on, but do you agree that currently, there are no broad on the ground projects that can deal with the issues.

[AxeMan]

AVB,

One thing that I have been trying to figure out is if Bloomberg has a significant financial interest in Tesla Motors and Elon Musk.
I have hunch that they do and they sure sure seem to be flooding the internet with pro Tesla articles.
We all know that Tesla is having a hard time with cash flow these days and Musk is posting significant financial losses.

"Having tapped the equity market eight times for capital over the past seven years to fund Tesla Inc.’s growth -- and cover its losses -- Elon Musk is turning to the bond market."
Now this:
https://www.bloomberg.com/news/articles/2017-08-07/tesla-planning-1-5-billion-bond-offering-to-support-model-3

Is Bloomberg cashing in on marketing bonds now for Tesla?  You know, no one spends money on articles and reports for nothing, follow the money.

Main trouble with EV now is that utility scale solar and wind are not up to the level yet to accommodate mass EV charging.  What is the point of burning fossil fuel to charge EV cars?  Conservation of energy still applies and every conversion in form has losses.

[greylynx]

That pretty well says it Axeman.

You are one smart dude.