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Invest heavily in the Electricity grid. Both AI Data Centers and The Transportation Grid (Electric Vehicles, Batteries). These two sectors are only going to gro
by tharmas 1y ago
Invest heavily in the Electricity grid. Both AI Data Centers and The Transportation Grid (Electric Vehicles, Batteries). These two sectors are only going to grow and they require massive amounts of electricity.
Peak Oil is going to happen soon 2020-25. China's oil demand in 2025 dropped from previous years. Even in the "drill baby drill" USA refineries are closing do to falling demand in the USA.
The private sector does not see new pipelines as economically viable. Trudeau had to step in to finish the Trans Mountain twinning. Existing pipelines that go to the USA are only at 75% capacity. If Canada wants to ship oil to Europe or Asia they should ship it by rail. It would be foolish to spend money on new pipelines when overall demand for oil is declining. And by the time these pipelines would be completed Peak Oil would be a done deal.
Develop more trade with Asia and Europe (which the current govt appears to be trying to do). A big problem is this emerging multipolar world means the USA is going to increasingly pressure Canada to become even more of a vassal state.
This youtube channel has excellent information about Canada's Engergy Future:
Energi Media https://www.youtube.com/@EnergiMedia/videos https://www.youtube.com/@EnergiMedia/videos