The above chart from the IEA shows that the United States is projected to provide 70% of the increase in global oil supply over next five years. And below are maps of Vancouver's supply of electric vehicle chargers compared to Amsterdam's.
The competing forces are energized and heating up in the forthcoming U.S. election cycle.
Chris Hayes All In with AOC
Vancouver is going to see short haul battery powered electric aircraft as early as 2021-22.
As Bloomberg reports:
Worldwide, there are some 100 different electric-aircraft programs in development, according to an estimate by consulting firm Roland Berger GmbH.
"The first passenger flights for British Columbia-based Harbour Air Ltd. which flies about 500,000 passengers each year from BC and downtown Seattle, would be in late 2021 under a partnership with Seattle's MagniX Technologies, pending regulatory approvals..."
Longer term, Roei Ganzarski, MagniX’s CEO predicts that electric motors will lead to a “resurgence” in the regional airline industry for trips under 1,000 miles with new aircraft designed for 10-25 passengers. North American carriers have struggled to fly in some of the smallest markets as most commercial aircraft flying today have at least 50 seats, too many for thinner routes.
“By 2025, 1,000 miles is going to be easily done,” Ganzarski said, based on the evolution of current battery technologies. “I’m not saying 5,000 miles, but 1,000 miles, easily. I don’t think that’s far-fetched or a pie-in-the-sky thing.” Bloomberg, March 26, 2019 Full Report
WORLD.MINDS MOBILITY on the world’s first
electronic, autonomous personal aircraft.
"Real Estate Prices will rebalance and cities will become
reener with more pedestrian zones on the ground."
"The retail industry will be transformed by technology, just like newspapers were."
@benedictevans March 20, 2019
Thanks to Benedict Evans for retweeting Andreessen Horowitz's 76 page slide show "Mobile is Eating the World"
The charts to the left from the slideshow are related to autonomous transportation, but the bigger picture of this presentation is about machine learning and the eventual end of your employment if your job is a repetitive task.
"Machine Learning...the idea that systems can learn from data, identify patterns and make decisions with minimal human intervention." sas.com
On march 11th 2019, David Larock an independent full-time mortgage broker laid out his "Case for Lower Canadian Mortgage Rates", below edited, but read the whole feature report at MoveSmartly.com
The Bank of Canada acknowledged that our current economic slowdown is now “more pronounced and widespread” than it had previously forecast.
Global economic momentum is slowing.
Our economic slowdown has been sharper than expected.
Housing and consumption have slowed, and business investment and exports haven’t picked up the slack as the BoC had hoped.
Inflation expectations have been lowered.
Uncertainty is increasing.
Our output gap is widening because debt is choking off growth, and that is a powerful, long-term headwind, which will continue to exert itself long after global trade networks have been re-established.
On this last item, my Household Debt chart is in agreement.
Tuomas Malinen @mtmalinen for the charts above.
Today, March 13th 2019, the live
Canadian Productivity Chart exhibits a slowdown.
While we wait for FEB 2019 Toronto Housing Data, here is an analysis of Toronto Single Family Detached average house prices from a regular contributor.
Annual Plot: "No chartist would buy this chart; buying Toronto RE right now is akin to trying to pick a bottom, catching a falling knife." S.B.
History, Charts & Curated Readings
"Progress, far from consisting in change, depends on retentiveness. When change is absolute there remains no being to improve and no direction is set for possible improvement; and when experience is not retained, as among savages, infancy is perpetual. Those who cannot remember the past are condemned to repeat it." George Santayana Vol. I, Reason in Common Sense
Balance Of Trade
Rent Or Buy