Energy & Commodities

How much oil is displaced by electric vehicles? not much, so far

Posted by Dan Murtaugh - Bloomberg News

on Tuesday, 19 March 2019 13:45

Electric vehicles are taking ever-bigger bites out of global oil demand, but they haven’t yet caught up with the growing size of the pie.

Gasoline and diesel displacement by electric vehicles will grow by 96,000 barrels a day this year, BloombergNEF said in a report Tuesday. That brings the lost cumulative demand since 2011 at 352,000 barrels a day, about as much as total consumption by some countries, such as Peru or Portugal. By comparison, total global oil demand growth over the same period rose 12 million barrels a day to 100.6 million, according to the International Energy Agency.

Still, the volume of oil displaced this year is nearly 14 times higher than…Click here for full article.

Tesla Model Y Unveiled: An Affordable (Sort of) Midsize EV Crossover

Posted by Bill Howard

on Monday, 18 March 2019 9:55

The Tesla Model Y introduced late Thursday is everything Tesla has promised, and less. This is the smaller SUV in the Tesla fleet, a sibling to the Model 3 sedan. But: The cheapest Model Y will cost $40,200 with zero options, and it won’t be available for two more years. It’s so far off, you can’t even put down a $2,500 deposit today, let alone configure it. The Model Ys you can order today will be delivered fall 2020, a year and a half away,…Click here for full article.

The Most Splendid Housing Bubbles in Canada Deflate

Posted by Wolf Richter

on Friday, 15 March 2019 9:59

Canadian housing markets are in a category of their own. No housing market in the US – no matter how crazy Housing Bubble 1 was, which began to implode in 2006, or how crazy Housing Bubble 2 is or was – can hold a candle to the most splendid housing bubbles in Canada. Instead of a Financial Crisis and a mortgage crisis and Housing Bust 1, the bubbliest Canadian markets only had a little-bitty dip, and within months were back on track to what would be an 18-year housing boom that is now coming undone…Click here for full article.

Why Canada’s Stock Market is Killing Your Returns (and What to Do About It)?

Posted by Ryan Irvine

on Thursday, 14 March 2019 15:58

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Is Now The Right Time To Invest In Gold?

Posted by Michael Kern

on Tuesday, 12 March 2019 14:07

Bullish news is mounting for gold as the world’s central banks spark a surge in demand for the precious metal.

The People’s Bank of China boosted its gold reserves for a 3rd straight month in February, bringing overall holdings to 1,874 tonnes, or 60.26 million ounces. The move is part of China’s technique to move away from the U.S. dollar.

According to the central bank, it has added about 32 tons of the precious metal to its coffers in the last three months, purchasing some 10 tons in February.

The Reserve Bank of India, too, is boosting its gold …Click here for full article.