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Saturday, March 3, 2018

The Oil Rally Ain't Over Yet Baby

Yes, yes, I know folks will be poo pooing any oil and gas investments for the next 50 years....but it ain't over yet!

It is a myth that electric vehicles DON'T run on oil and gas. They still use oil and gas BECAUSE Canada's electricity grid is still being fueled by OIL AND GAS to the extent of 8.7% of total Ontario energy!

Using intel from 2014, Ontario was feeding it's energy grid with 8.7% provided by oil and gas! Don't believe me? Check out this factual report Ontario Energy Board:
https://www.oeb.ca/oeb/_Documents/Regulatory/2014_Supply_Mix_Data.pdf


So many many folks simply refuse to comprehend this concept. They believe as soon as they spin off in their brand new Tesla, that all their fuel is simply floating down from windfarms and solar panels...

Now, for the record, I am not against buying electric vehicles. However, I want peeps to realize that you are simply transitioning your "power of choice" over to the managers of our energy grid.
And using the report I wrote about above, you can clearly see that Ontario's energy grid is provided by in large part nuclear, then comes water power, and then oil and gas, and then "alternative"sources, and finally comes coal.

If we really want to go whole hog on "clean" energies, other than nuclear ( btw.... I'm not entirely convinced yet that it is fair to leave an inheritance of high maintenance nuclear waste to my children's children) perhaps we need to be focusing less on the "end users" like Teslas or Toyota Prius's...

Perhaps we need to refocus our hard working clever Canadian heads and hands to rejigg this Ontario's energy mix, until the Alternative Power Sources become the Majority of the energy mix instead of  a mere 7.1% . Do you agree?

Peace,

Carla.