RE:RE:RE:RE:RE:RE:JP Morgan analyst cuts target for SU from C$35 to C$34 YES! If you want an EV get one now and be grandfathered for a home charger. Suburbia electrical supply systems across North America can handle only 10 to 20 % of the residents owning an EV and charge them at home. The rest will have to go to a local charging station just like gas stations but cars will be able to drive autonomously to the station, charge up and return. People who can't afford this technology will still drive ICEs but the government will stop subsidizing oil and gas companies and drive up the cost per gallon.
https://www.nationalreview.com/news/biden-pledges-to-end-90-billion-dollars-worth-of-tax-breaks-for-gas-companies/
The Great North America Rewiring hasn't begun but it will have to if everyone in the neighbourhood wants an EV and charges it at home. Also urban natural gas plants will be used to generate the added electrical demand. Basically, cities will go from pumps and tanks to wires and batteries for auto power. China has started transitioning to electrification due to air quality issues.
There will be announcements of major North American cities rewiring their residential electrical systems to accommodate wide adoption of EVs in the future.
Tommy123 wrote: The question is, will there be a case for oil and gas once the carbon tax is $170 a tonne in a few years (assuming Trudeau wins). I know I'll be buying an EV, getting rid of my natural gas furnace, and not flying anymore.
Co2Harvest wrote: Some may find this article interesting. Lyn offers her thoughts on why Geothermal hasn't achieved widespread usage but that's just a small portion of a comprehensive look at the broader energy industry and how there still may be a strong case for oil and gas: https://www.lynalden.com/oil-and-gas/
Tommy123 wrote: No, natural gas still emits carbon. No one will be using natural gas when the carbon tax is $170+ a tonne, unless they hate money. I'm personally looking to alternative options to heat my home, including geothermal.
firstworld wrote: The transition to green energy is ten times more carbon intensive than sticking to fossil fuels as Germany has proven having transitioned 30 years ago losing nearly a TN in the process. Anglos so far behind leading nations it's comical just look at ON where $200 BN lost in the FIT. Stupid Canadians....just use the natural gas idiots
Tommy123 wrote: Marner16 wrote: EOM
That's far too optimistic a price target. With oil declining, I want to see them transition to green energy before I buy.