The End of The Oil Age?

Headlines like Yes, oil is dead. Just read the writing on the wall. , The coronavirus pandemic may have one silver lining: the potential collapse of big oil. and Green Party declares that “oil is dead” are not only misleading and inaccurate, but also dangerous.   Unfortunately, these types of headlines are always from those in the first world.  Often with the best of intentions (though not always), they look around their regional environments and see decreased consumption.  They then…

VIDEO: Wealthsimple Roboadvisor & ETF’s In Explained Laymans Terms

What is Wealthsimple? What is a roboadvisor?  What is an ETF? Why Mutual Funds are a bad investment option?  How can I setup an account?  These questions and many more are explained in this video: What is Wealthsimple? Wealthsimple is a roboadvisor.  Their slogan is “investing on auto pilot” and that boils down to putting your money into the stock market without big fees or complexity. Who Runs Wealthsimple? Their board of directors include some very big names in the…

What the COVID19 Economic Shutdown Tells Us About How Unrealistic The Paris Climate Accord Is

Few people can envision a world with a greater economic shutdown than what we have seen in the COVID-19 Pandemic.  The bright side of this unprecedented collapse is the world has seen skies over industrialized cities cleaned up to a degree many thought impossible. It is an undeniable fact that COVID19 shutdown has shown us what is possible and that is the problem. COVID19 Pandemic Cleared the Air On the up side take a look at this excellent two minute…

VIDEO: Why The US Should Not Block China’s Huawei From Buying Amercian Semiconductors & Software

In this short edited interview from BNN Bloomberg Technology show, Huawei’s US chief of security explains that blocking US companies from selling billions of dollars in hardware to China’s Huawei, will only force them buy parts elsewhere. This blockage will slow down Huawei but will not stop them.  It will, however, have serious implications for US tech companies as their competitors just gained giant sales and support from one of China’s darling tech behemoths. If you found this interesting, these…

Michael Moore Presents Planet of the Humans – The Fact & The Fiction

I recently had the opportunity to watch “Michael Moore Presents Planet of the Humans” and while I expected it was going to be about how the math of some forms of “green” energy just doesn’t add up environmentally, it turned out to be something completely different. Where is the Energy Fairy? It turns out that there is no energy fairy. The green Illuminati does seem to have convinced the green masses that they have to wait for a magical energy…

VIDEO: Should The Government Set Price Controls & Bail Out Companies During Extended Crisis?

As someone that works in Alberta’s oil and gas exploration industry that was just notified his company is pulling out of Canada before the end of 2020, I can understand how government bailouts and price controls are initially appealing to many.  However, both price controls and bailouts significantly distort markets, causing all of us unnecessary pain. WHAT’S WRONG WITH GOVERNMENT BAILOUTS? Much more importantly bailouts encourage companies to take risks or fail to plan for the future so they can…

VIDEO: Fracking Shale Oil is a Ponzi Scheme That is Finally Collapsing

Shale oil has been driven by investors with few places to put their money deciding that oil US and Canadian oil plays MIGHT work out. The fracking revolution (a.k.a the Shale Revolution) never made financial sense and investors started fleeing the business in 2019. By 2020 once booming areas like the Permian (under Texas and Oklahoma) have proven to be losers. If it takes $10 million and 2 years to get $8 million dollars in return, investors are not happy.…

A Guide to ECommerce: Amazon vs Ebay vs Alibaba vs TaoBao vs DHgate vs Banggood vs Tmall vs AliExpress

Those of us in the West have been using ecommerce sites lite Amazon and eBay since the dawn of the internet in the mid-1990’s, but as is often the case those who start second learn from others mistakes and are even more successful.  Today every chain retailer has an ecommerce site but there are a few giant Chinese companies that are poised to take over the world. There are dozens of highly successful ecommerce players in the Chinese market but…

After Oil & Gas: What Else Can Alberta Do?

After 50 years of serious oil and gas expansion it is time to rethink the options for Alberta’s economy.  In every downturn, large or small, there is talk of “Western diversification” but nothing much seens to change.  This time, it needs to be different. Is Calgary or even Edmonton as dependent on oil and gas as it was in the 1980’s and 1990’s?  Definitely not, but if oil and gas jobs were cut in half those economies would collapse and…

The Top 25 – Global Oil Production By Country

We have seen gasoline prices plummet to as low as USD$1.29/gallon in the United States and CDN$0.58/liter in Canada.  We knew that: the United States became the worlds largest producer of oil a few years ago thanks largely to the fracking revolution, and Russia and Saudi Arabia were quickly expanding production but we didn’t really have a grasp on scale. How big is the global oil market and where major oil producing countries like Canada, Iraq, Mexico and Venezuela lie…

CLEAN RELIGIOUS JOKE: The Church & The Squirrels

After a particularly mild winter the small town of Chestermere became infected with squirrels in the spring.  Because the local churches had the best trees, the squirrels often congregated (pun intended) near them and this is what each church decided to do about the pesky animals. The Presbyterian church called a meeting to decide what to do about their squirrel infestation. After much prayer and consideration, they concluded that the squirrels were predestined to be there, and they shouldn’t interfere…

Why Is Gas So Cheap Right Now? … and it isn’t Because of COVID-19

We have received several comments from readers and friends saying that they expect gas prices to stay at this historical low rates because COVID-19 (see our new videos: How COVID Ends and COVID vs Spanish Flu vs SARs vs MERS) will likely drag out low demand for many months or even years.  In Calgary you can buy gasoline at just $.58/liter and in New York, you can get it for as low as $1.69/ gallon! It is common sense the…

How COVID Ends – Should Some Low Risk People Return to Work During COVID-19 Oubreak?

There has been so much pointless coronavirus finger pointing between China and the US in recent weeks that there has not been a substantive discussion about the exit strategy to this or any other pandemic.  That does not mean that serious people have not been thinking about how to get out of this and the answer now seems obvious. The doctor (Dr David Katz) who dared to point out that there is much harm to humans (not just the economy)…

What Can YOU Do To Help In An Emergency Like COVID-19?

If you are feeling helpless in an longer term health emergency like the coronavirus COVID-19 outbreak, take heart there are things you can do to help society and yourself: 1 – Buy A Nurse a Gift Card If you know any nurses or doctors or fireman or paramedics or health professionals they will tell you they are stressed out and feeling alone.  Many local businesses are also suffering serious hardships due to mandatory closures. How can you help both of…

The Numbers Will Surprise You: Financial Markets Are Flailing But Have Not Collapsed

Like you, we have heard about amazing stock market crashes every other day since the coronavirus COVID-19 outbreak hit Europe, Canada and the United States.  However, today we heard that the S&P had dropped all the way back to 2012 numbers and that got us thinking about how bad this financial crisis actually is. The charts below show that if you put money into the markets in recent year, it has taken a big hit BUT: Global markets are expected…