Whoa, Sinopec, one of China's oil majors, says that China likely hit peak oil last year.
That's pretty big...
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This is a major reason why oil prices haven't skyrocketed higher.
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Hard to believe that the US can sustain 50% tariffs on cars imported from Canada while tariffs on Korean, Japanese and European cars are at 15% -- Canadian cars/ trucks have a lot of US content, so this has a direct cost to the US economy
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Peter Harrell
@petereharrell
Apparently all of Bessent's recent rhetoric about "Economic D-Day" was intended to target *Canada,* not Iran... x.com/RapidResponse4…
According to , the three biggest drivers of global electricity demand worldwide are (in order of importance):
1) Air conditioning
2) Data centres
3) Electric vehicles
(Quite a difference on what’s driving demand in reality and what is talked about)
I'm puzzled by how some of my usually-articulate American friends can't acknowledge "we are going to annex you; please support our wars" is not a particularly attractive proposition to Canadians.