The global economy is gaining momentum, even before the masks have come off the pandemic. Unemployment rates are falling faster than expected in key countries, most notably the United States. Global GDP is being revised upward according to the IMF’s latest World Economic Outlook report. The economy is forecast to grow by 6% this year. […]
It’s no secret house prices in Canada are going berserk, again. These days, everything from a shack to a shoebox-sized condo can sell for over a million bucks. In the past few months alone, some hot areas have witnessed price inflation over 20%. I’m far from a real estate expert, so it’s not for me […]
“How fast can it go from 60 to 0, and back to 60?” is something you’d expect a car buff to ask about braking and acceleration. But what if we’re talking about oil? Remarkably, the price of a barrel clocked that in just over one year: US$60 per barrel in January 2020, $0 by April, […]
Like many in the energy business, I marvel at how fast the cost of producing renewable power, LED light bulbs and lithium-ion batteries has fallen over the past decade. Depending on what’s being measured, some costs are down by more than 90%. Should we assume these downward-trending cost curves are sustainable? And will this type […]
