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.



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If 30% of Cars will be Electric over the next Decade

Jus' thinkin' aloud again.....such a temptation for a blogger.

Volkswagon has announced that they are developing 30 NEW MODELS of 100% electric vehicles, to be rolled out over the next decade.
 What does this mean for us? What does this mean for investors?

First of all, what would this mean for our electrical grid. If, let's play pretend, that
30% of Canadian cars are electric by 2026, that would put a HUGE sucking on our hydro grid.
Would our grid be able to hold up? Would my province stop selling electricity to the USA in order to keep our electric cars humming? Or would the humble consumer be stuck with outrageously jacked up electricity prices? Would the 30% charge their cars mostly at their homes via their home garage outlets?
Would there be localized "electric refueling stations" around every corner?

I know that Suncor is already developing their next strategy in how they serve the public in the new era of
multi-fueled vehicles. Does every typical gas retailer really WANT to start selling electricity to locals or tourists? Secondly, from the looks of it, it can take a pretty long chunk of time to re-charge a car battery for an electric vehicle. Do we really want to leave our cars for several hours at a re-fueling station? Is that feasible?
Is that affordable? Will re-fuelling electric stations charge tourists for parking fees as well as the electricity they use to "refill" their tanks?

Well, when it comes to investing, should we all start funneling our investments out of oil and gas stocks and into the electrical grid? But then again, did you know that as of 2014 data,
  8.7% of Ontario's electricity was produced by Oil and Natural Gas?

So maybe we have to step back and try to get at the big picture. Going ALL ELECTRIC is not going to eliminate our dependence on oil and gas. It just will change the process.

I definitely don't have all the answers....but we sure do need to think this through.")

Peacefully and Thinkfully yours,
Carla



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