OTCPK:VREYD - Post by User
Comment by
mako88sbon May 04, 2016 3:12pm
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Post# 24841639
RE:Some Bizarre Trends which Could Affect Long Run Oil Demand
RE:Some Bizarre Trends which Could Affect Long Run Oil DemandIs this about Alberta? If so I remember reading something about this ahile ago. If I recall right, they spent a fair bit of money expanding the electrical grid anticipating continued high growth rate which of course is not happening any more. As you say, they still have to pay for it but with a smaller then expected taxable population base.
I can see the need for renewable resources but from what I've read, most of it is falling way short of expectations. For example the north sea wind farms and onshore British farms:
https://www.thegwpf.com/the-high-cost-of-offshore-wind-turbine-maintenance/
https://www.telegraph.co.uk/news/earth/energy/windpower/9770837/Wind-farm-turbines-wear-sooner-than-expected-says-study.html