and independent commissions too, apparently

🇩🇰 Denmark (Private) - March 26 - BEV Trajectory
94.9% BEV
0.7% PHEV
4.5% ICE

Trailing 12 months are:
89.1% BEV
2.1% PHEV
8.8% ICE

Graphs are available in the Gallery: leraffl.github.io/LeRaffl-Gall...

Relatively speaking, yes. Also power rates fell a lot for the 30% who weren’t on fixed rates.

Electricity should be a smaller share in AB as compared to 2023.

Just "electricity for principal accommodation" (statcan table listed in caption). Bear in mind, it comes from the survey of household spending, so some noise may be noise... And yes, consumption volumes affect these numbers, not just rates.

Same, but in levels instead of shares.

Share of household spending on electricity for principal accomodation, all Canadian provinces, 2010-2023

Most in decline. AB rose due to power (energy component) spike through 2023. More recent data would see that level off.

Great job by Ross here, setting out why the gas tax cut is ill-considered.

I like his final point that it is a sign of freedom and a free society to have prices fluctuate. Societies with stagnant prices that never move are not the kind of places you'd want to live.

“Siri, how will I know when the market is irrationally exuberant?”

- There will be signs…

Congrats John! They’re fortunate to have you.

A good reminder, any “deal” with the US right now is barely worth the paper it’s written on.

Those advocating for appeasement to secure a “deal” are fooling themselves.

I’m down with that! Proposed it even!

a doctor says hey what do i know while holding a tablet ALT: a doctor says hey what do i know while holding a tablet

#cdnpoli alt take:

Or… we could let the oil situation accelerate electrification and use the $billions saved by not cutting gas taxes to support families hurt by fuel inflation thru a boost in the CCB and GST credits.

Floating on both NG and Power.

AECO gas futures are $1 and change for the rest of the year, and then only a $2 handle next year.

As for fixed vs floating, I continue to happily float. Despite the Iran war, AB gas and power futures prices remain very low. While that can (and will) change, there's no rush to leave the savings floating is providing right now.

And when it does change, retailers tend to adjust slowly. Can switch.

The share of Albertans on the default electricity rate continues to fall. Now at the lowest on record: 20%

That's good! The regulated "rate of last resort" is 12 cents. Compare that to 6-8c for current fixed rate offers, and 3-5c for recent floating options.

If you can leave the RoLR, you should.

Canadians are continuing to avoid travel to the US as much as possible. Here are monthly air travel counts.

Hey @roryjohnston.bsky.social , are TMX exports getting Brent pricing (or even a premium?) now given the Asian shortage?

We are most definitely headed towards gasoline shortages. Not here in Alberta (or North America) but elsewhere around the world for sure. No sign of this conflict abating any time soon.

Crude oil futures open with a bang. WTI up 9% to $105.

Kaine: "You don't sucker punch somebody in a bar and then blame your buddies when they don't join the fight with you. If the president wanted the support of allies, he should've respected them instead of putting tariffs on their economies and trash talking them."

Yet another round of polling about "joining the EU".

Just begging pollsters to ask questions that distinguish between 1) "more co-op with EU" and 2) "joining" EU.

1) is fine. 2) would be boneheaded and is only advocated by those who don't actually know what EU membership means. Read thread....

"The truth is, these are not very bright guys, and things got out of hand."

He’s really running with this narrative now!

The easiest place to drop demand will be gasoline. China’s got the supply chain and the math adds up to electrify transportation.

This will lead to challenging refining economics as gasoline demand drops but other parts of the barrel are still needed. Likely boosts demand for heavy relative light.

A short term squeeze is possible, but China will no doubt accelerate their already ridiculous pace of electrification, accelerating demand destruction for oil markets.

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