RE:RE:The consumer is set-up to get wrecked.And here in Canada where the population grew by 1 million people last year. Now either these new people will be using fossil fuels in all matters of their lives or they will use green energy. Better get a little busier building those solar panels and windmills. Hold it, we will also have to build more housing, schools, hospitals etc... You better build even more windmills. But wait that was last year, did we keep up with the green for an extra million people, what about this year. My guess is these people are relying very heavily on fossil fuels but the Liberals would never acknoweldge this.
masfortuna wrote: OR...
A lot of the bullishness around oil prices has to do with China. Chinese energy commodity imports were underwhelming in the first two months of 2023, but they are expected to pick up later this year with potentially record-high crude oil purchases, even though Beijing has set its lowest annual economic growth target in decades.
Average oil imports over the first two months of the year were lower than last year’s but only modestly, by 1.3%. Oil imports during January and February tend to be weaker in China because of the Lunar New Year holidays, anyway.
Yet pretty much every analyst expects Chinese demand for oil to grow in the coming months with a view to that growth rate of 5% set by the government. Besides, there is some new refining capacity coming online this year, which should guarantee stronger demand and lend a hand to prices.
The point is we will be using more fossil fuels here in GREEN Canada as well.
Also global population continues to grow at about 200,000 people/day. MORE WINDMILLS!!