The Alberta Premier has made it easier for citizens to collect enough signatures to put the question of Alberta Independence to a vote. Polling has indicated about 30% support for Alberta independence but polling may not be accurate. Collecting the signatures to have a vote should be relatively easy. The hard part will be actually …
The Bureau of Labor and Statistics reported that the consumer price index (CPI) for both all-items and core increased 0.2% in February, slightly below expectations. On an annual basis, headline inflation was at 2.8%, while core was at 3.1%. Both also were 0.1 percentage point below the Wall Street consensus and the previous month’s levels. …
There have been reports of more problems getting gas at gas stations in hurricane impacted areas. While Tesla superchargers continued to function. Gas price tracking service GasBuddy reported that as of 2:43 pm ET Wednesday afternoon, 24.3% of gas stations statewide – or nearly one in four – were without fuel, a dramatic spike from …
The Milestone June 8, 1974 agreement between the USA and Saudi Arabia was not about exclusively pricing oil in US dollars. It was about enabling Saudi Arabia to use its windfall of oil money into the US economy. The petrodollar system does and did become dominant but it was for mutual economic benefit. The non-renewal …
John Rockefeller and Standard Oil created a new oil based economy. There are a lot of similarities with what Elon And Tesla are doing. Rockefeller was laser focused on reducing costs and waste. Rockefeller used a lot of vertical and horizontal integration to reduce costs. Deep Technology like nuclear fusion, molecular nanotechnology and reusable rockets …
Saudi Arabia, Iraq and several Gulf states (OPEC Plus) said on Sunday they were cutting oil production by more than one million barrels of oil a day. OPEC Plus includes the main OPEC countries and Russia and a few other countries. The reduction in output is being made by members of the Opec+ oil producers. …
Some oil and natural gas well sites are good locations for economically extracting lithium from produced water, according to observers of the nascent sub-sector of the oil and gas industry. This depends on the basin, since produced water mineral presence and concentrations can vary widely play-by-play, and even within the basins themselves, depending on the …
Jordan of the Limiting Factor goes into detail on electric semi trucks and the megacharging that will be needed. I will go over the scale of the shift for electric trucks. The motivation is that it will make trucks about 30% cheaper to operate by saving 80% of the fuel costs. It also means countries …
Having the price of diesel above $3 per gallon guarantees a $30,000 per year incentive to switch from diesel to electric for heavily used Semi and large trucks. Currently, prices at the $4.5 to $5 per gallon level provide a $60,000 per year incentive to switch from diesel to electric. There will be a shift …
Invest Alberta supports commercialization of Terrestrial Energy’s Integral Molten Salt Reactor with a focus on reducing emissions in the oil and gas, and petrochemical industries. Alberta, along with the provinces of Ontario, New Brunswick and Saskatchewan, is working to advance small modular reactor (SMR) technologies through an interprovincial memorandum of understanding it joined in April …
There are various reports about Putin having decades long anger at Russia losing the Cold War to the West. Putin felt humiliated that Russia was treated as second rate by the West after the USSR fell. Big tough Putin and Russia with nuclear weapons demanded respect and is forcing respect by taking maybe half of …