Motor Mouth: Gas prices — and EV battery costs — can only go up from here

2022-01-29 8:23:00 PM

#ICYMI: Gas prices — and EV battery costs — can only go up from here — via @drivingdotca

Icymı, [\U0027taxonomy Categories : Electric Vehicles

ICYMI : Gas prices — and EV battery costs — can only go up from here — via drivingdotca

There are lots of way to curb our tailpipe greenhouse gas emissions—we should use all of them

As Rozencwajg sees it, it’s simply the good old law of supply and demand once again rearing its ugly head. Demand for oil has already exceeded pre-COVID-19 levels in some quarters, says the resources expert, with monthly records being set in 2021 in the United States, China, and India, the top three consuming countries. This, despite the fact that the airline industry is yet to fully recover from the pandemic.

Meanwhile, supply is drying up. “No one has spare barrels of oil,” says Rozencwajg, “and that includes Saudi Arabia and Russia.” The one country that might have some oil capacity in hand is the United States, but supply there has plummeted in recent months as much a result of activist investors forcing major oil companies to curb exploration and investment as any coronavirus-induced cutbacks. And in a way, the day of $200-plus oil may already be here. As Rozencwajg explains, natural gas in Europe has skyrocketed from US$1.40 per million cubic feet to as high as US$35 per mmcf, which in the energy equivalency terms resources experts use, prices oil at US$230 a barrel. As

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Why the price of gas keeps going up in most provinces | CBC NewsExperts say geopolitical tensions are behind the recent increases, and that 2022 will see even higher costs. Too bad Canada wasn't one of the world's leading oil producers. 🤔 State Media! 🤡🤡 Boo hoo poor people. Buy a Tesla. Nothing to do with fking carbon taxes. Nah. That would be too critical of Trudope and his mission to save the earth.

CTV National News: Gas prices to soar in CanadaGas prices are expected to soar into record territory in Canada. John Vennavally-Rao reports. Central Vancouver Island is at 162.7 and has been within that realm for a few weeks already. We seem to always be paying a lot more for gas. Why didn't this come out during BellLetsTalk ? Just makes me want electrical vehicle NOW!

Record-high gas prices expected for Ontario, QuebecThe cost of gas is expected to go up in parts of the country. In Ontario, the price could hit a record-breaking high. At least minimum wage went up!😐 Making the rich richer and the poor poorer.

Quebec Indigenous groups join Questerre Energy in push for natural gas developmentOrganization representing more than 130 First Nations issues support for ‘zero-emissions’ natural gas hub on land Abenaki First Nation of Wolinak consider its traditional territory Wonderful news. I’m sure it will draw MarcMillerVM support.

Gas stoves leak methane even while off, boosting climate change | CBC NewsGas stoves are contributing more to global warming than previously thought because of constant tiny methane leaks while they're off, a new study found. Interesting stat. I’ve often wondered if I’d want a gas stove if the opportunity arose. I guess the answer is no. So, not such a big deal then. And how many gas stoves are there in the US?

Record-high gas prices expected for Ontario, QuebecThe cost of gas is expected to go up in parts of the country. In Ontario, the price could hit a record-breaking high. At least minimum wage went up!😐 Making the rich richer and the poor poorer.

Motor Mouth: Why a chip shortage is rocking the automotive world As Rozencwajg sees it, it’s simply the good old law of supply and demand once again rearing its ugly head.· Posted: Jan 28, 2022 6:16 PM ET | Last Updated: 2 hours ago A woman fills up her tank at a Vancouver gas station.CTV News | News Video - Top National News Headlines - News Videos CTV News Video Network CTV News | News Video - Top National News Headlines - News Videos Clip link:.Gas price watchdog Dan McTeague, president of Canadians for Affordable Energy, says drivers in most cities in southern Ontario and Quebec can expect to pay an extra two cents per litre at the pumps on Friday .

Demand for oil has already exceeded pre-COVID-19 levels in some quarters, says the resources expert, with monthly records being set in 2021 in the United States, China, and India, the top three consuming countries. This, despite the fact that the airline industry is yet to fully recover from the pandemic.E. Meanwhile, supply is drying up. “No one has spare barrels of oil,” says Rozencwajg, “and that includes Saudi Arabia and Russia., according to the Canadian Automobile Association.” The one country that might have some oil capacity in hand is the United States, but supply there has plummeted in recent months as much a result of activist investors forcing major oil companies to curb exploration and investment as any coronavirus-induced cutbacks. However, prices in Western Canada are expected remain the same on Friday.

And in a way, the day of $200-plus oil may already be here. As Rozencwajg explains, natural gas in Europe has skyrocketed from US$1.40 per million cubic feet to as high as US$35 per mmcf, which in the energy equivalency terms resources experts use, prices oil at US$230 a barrel. As The Economist says, the age of fossil-fuel abundance truly is dead. Advertisement This advertisement has not loaded yet, but your article continues below.9 cents in Vancouver.

Article content A driver prepares to charge his Tesla car at a Tesla Supercharger charging station on August 12, 2020 in Skei, Norway. Photo by Sean Gallup / Getty All of this should be welcome news to the pro-electric vehicle crowd, proponents of battery-powered electrics long contending that the popularity of BEVs would increase as the cost of running an ICE-powered car becomes more prohibitive. Hold your horses, says Rozencwajg, not so fast. For BEVs to take advantage of that price surge, the cost of batteries would have to continue their steady decline. But, while most experts are calling for the cost of lithium-ion to decline to the US$100 per kilowatt-hour that would make BEVs price-competitive with internal combustion, Rozencwajg thinks that the price of batteries has already bottomed out. Supply chain constraints are the biggest drivers of the spike in oil prices, McTeague says.

The reason is again supply and demand. According to the International Energy Agency, electric vehicles require six times as much mineral input as a conventional car, and wind-generated electricity nine times as much minerals as a typical gas-fired power plant. In all, the IEA estimates that, to meet projected demand, .