If we learned anything from the 2008 financial crisis it’s that bailing out banks is a bad idea. Consumers and depositors are the ones that needed the help. When governments give money to banks directly to stop them from failing they pad their own pockets with rich bonuses, do not Read more…
What is Cryptocurrency in Simple Terms? The easiest way to think of cryptocurrency is to think of the serial number on a dollar bill. Why store or move the money when you can just store or move the serial number through a computer. A Crypto “dollar” is just a long Read more…
In a word, China! And that exclamation is not accidental thanks to US government protectionism. Many consumers are completely unaware of contract automotive manufacturing. They think that Mercedes builds all of its own vehicles and that startups will have to raise the enormous amounts of capital and then implement new Read more…
Credit cards are a relatively recent invention, but consumer credit has existed for a long time. The convenience of noncash payments brought about by technological advancements can be attributed in part to the rise in credit card use. The EMV chip, near-field communication (NFC), and application program interfaces (APIs) are Read more…
Just how powerful (pun intended) is the Saudi Russian oil alliance, formerly known as OPEC+? It produces as much oil and gas as the United States and Canada combined. Add in the other OPEC countries, who now take the marching orders from Russia, and you have about 45% control of Read more…
In this short video, three time Pulitzer Prize winner Tom Friedman explains political failings and “Woke Green Energy” lobby (note that this author drives a Tesla and has solar panels) is going to freeze Europe while giving Russia and Saudi Arabia more power. Green Energy with storage is the future, Read more…
Have you heard the term Green Hydrogen, or Blue Hydrogen? Well, there is a Houston based biotech company that has added a new color to the hydrogen vernacular. The call their own product in which microbes (yes, tiny bugs) are injected into existing oil fields and convert oil into hydrogen, Read more…
In an age of acronym fatigue you would think that marketers would avoid nebulous terms like “Software Defined Vehicle” aka SDV. But Software Defined Vehicle is an industry term that will never be used with consumers; it will only be discussed in engineering teams. At first glance SDV’s seem like Read more…
In a world of energy shortages for consumers but abundant energy in the ground, it is puzzling to many people, why oil and gas companies refuse to produce more oil and gas. First year economics tells us that supply will eventually equal demand because new entrants to an industry will Read more…
Publicly Alberta Bill 81 (2021) was proposed by the UCP Government to block foreign influences on Alberta elections and it has a pretty good veneer of legitimacy: However, like all such laws, the devil is in the details and Mr Madu forgot to mention some mighty nasty changes Bill 81 Read more…
Put simply, LiDAR is just radar using a laser light instead of radio waves to scan what is in front of it. LiDAR stands for Light Detection and Ranging and was the next big iteration in remote sensing and imaging thirty years ago. Today it is everything from airplanes, to Read more…
We have many video clips explaining how identity politics have been used to gain political advantage but we have not directly explained what identity politics are and why they are so dangerous to “Western” countries. What Is Identity Politics? Put simply, identity politics is the act of targeting groups for Read more…
How is that Commodore 64 working out for ya? The pace of technology change is very fast; last years problems are resolved this year and will get much better two years from now. Apparently this is news to many electric vehicle critics who use old data to promote their own Read more…
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, Read more…