John Berlinsky 🇨🇦
@berlinskyjohn
Victoria, BC Retired physics prof and, in case you can't tell, a Liberal 🇨🇦 #IStandWithTrudeau #LiberalMajority #StandWithUkraine 🇺🇦 #MarkCarney
RBC Capital Markets bullish on major Canadian Oil & Gas producers.
Policies have always fallen short of what countries promised while even the promises fell short of what is needed. What's important is that Carney is moving fast to double electricity in Canada which is the most effective thing we can do. Also you can forget about oil. It has already hit its peak.
Alberta would be doubling oil production while demand is falling.
The figure below shows the future of energy sources for electricity production. Solar will soar while coal plummets. Hydro and nuclear will increase, while natural gas will remain relatively flat (as PM Carney has indicated). 1/2
Here is part of the PM's statement on electrification from his June 30, 2026 video. The full text can be found here. medium.com/p/0a9b9a1b0695
From the Financial Times: Data centres will dominate the use of increased electricity supply in the US for 2025-30, while transportation (EVs) is expected to dominate in the EU. Canada will likely be more like the EU than the US. giftarticle.ft.com/giftarticle/...
What's happened to the price of oil since the start of the Mid-East war? It's fallen back below $70 even though hostilities continue. Now think where oil will go when the wars end in the Mid-East and Ukraine. It will plummet which is why no new pipeline from Alberta to the West Coast will be built.
CAD/USD at lowest since 3-31-2025, presumably due to US threat not to renew NAFTA and also the recent drop in oil prices.
Carney and Smith are speaking about the Alberta pipeline proposal today at 5:00pm Pacific time.
I'm not sure what market you're looking at Max. Here's a chart, which, as far as I can tell, is for as long as NovaRed has been trading. It claims that the 52-week range is 0.5300 - 1.7300, so right now it's near the bottom of that range.
To learn more about how the rich avoid responsibility, read Offshore: Stealth Wealth and the New Colonialism (A Norton Short) by Brooke Harrington (Author)
Here's where Canada has been shipping LNG (from RBC Capital Markets). Our biggest customer is South Korea. It may not be a growing market, but it appears to be a steady one.
From meeting of RBC with Brookfield Renewable Energy Partners (BEP)
After a bit of work to get things in consistent units, it breaks down like this:
DECISION MAKING & NATIONAL UNITY UNDER THREAT: Foreign Interference, Cognitive Sovereignty, and the Alberta Referendum disinfowatch.org/wp-content/u...
They also fail to mention that, in spite of reduced further investment, the production of oil from the Oil Sands continued to increase and is still increasing to this day. 3/4
Without saying anything about what happened to the price of oil in that period, where it dropped to $50/barrel. It was their own decision not to invest more capital during this glut in supply.
This industry is absolutely insufferable. They bemoan the fact that investment in the Oil Sands plummeted in the mid-teens 1/n
Shell and other energy giants sold their Canadian Oil & Gas assets in 2017 when oil was $50/bbl. Now they're buying back in with oil over $100/bbl. It's the old Sell Low - Buy High Strategy.
A better question you should be asking is why all of the continuing boil water advisories are in Ontario and Manitoba. Provinces have a roll to play in this.
Neskantaga FNation water purification plant is currently under construction.