BREAKING: Honda Motor Co. has announced an indefinite suspension of its $15 billion electric vehicle plant investment in Canada, with full cancellation under consideration.
The problem with this platform is the overwhelming concentration of posters like this one, with their rose colored glasses and oil price bearish takes.
He's back! @ShaleTier7 with a new guest piece today, explaining the ongoing energy situation.
Quite a few people have asked me in the last couple weeks, "can you get that gas guy back for a Hormuz explainer?" and we're thrilled to have him again. Enjoy!
https://t.co/nTik4Xa24E
71% of Waterloo's best engineers leave Canada (UWaterloo SE Class of 2022 graduate survey).
And nobody riots.
In any other country, a 71% talent export rate would be a national emergency. In Canada, it's Tuesday.
The problem isn't the people who leave. They're rational. The US pays 2-3x more, taxes less, and builds things that matter.
The problem is the people who stay and never ask why the system is designed to make leaving the rational choice.
Canada doesn't have a brain drain problem. It has a demand problem. Nobody demands better. Not from the universities. Not from the employers. Not from the government.
The best leave. The rest adjust. The cycle continues.
Every country gets the talent retention rate it deserves.
The Wilhelmshaven LNG Terminal, which could supply 6% of German consumption took 194 days from conception to first gas. This was considered to be a project of national interest.
These forecasts of doom assume operators have forgotten how to weld, IMO.
The oil and gas sector is the GOAT at deploying capital rapidly, especially when governments greenlight projects, as restoration projects will be.
More and more people are saying...
"Saudi Arabia’s oil officials are working frantically to project how high oil prices might go if the Iran war and its disruption of energy supplies doesn’t end soon—and they don’t like what they are seeing.
The base case ... is that prices could soar past $180 a barrel if the disruptions persist until late April."