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Dec
29

I keep trying to imagine what the Canadian economy could have done with $3-$5 per…

I keep trying to imagine what the Canadian economy could have done with $3-$5 per barrel oil.

Other than funnel it all into the bank accounts of a couple of oil companies and their shareholders. What do you think the price of Brent will be in 2038?

Saudi Arabia is trying to develop nuclear and solar energy. But its fleet of oil-fired power stations will keep going for years. And as Mark Lewis of Deutsche Bank points out, two more big ones are now being built. On current trends the kingdom would become a net importer of oil by 2038 (unlikely though that is).

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Keeping it to themselves
EVERYONE knows why oil prices, at around $125 for a barrel of Brent crude, are so high. The long-term trends are meagre supply growth and soaring demand from China…

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