[Marxism] Is Canada ready for a world awash in $0 oil?

Ken Hiebert knhiebert at shaw.ca
Tue Jun 7 06:32:38 MDT 2016


I'd be interested in the comments of subscribers to this list.
			ken h


http://www.theglobeandmail.com/opinion/is-canada-ready-for-a-world-awash-in-0-oil/article30259443/

A draft federal-government study obtained by the CBC under an Access to Information request, prepared by the government trend-forecasting office Policy Horizons Canada, starkly makes the case that oil may be on the verge of becoming almost worthless.

The researchers analyzed worldwide pricing and technology and policy trends that are driving the price of non-fossil electricity sources downward at a far faster pace than expected – along with surprisingly rapid technology-driven decreases in the price of grid-level energy storage and alternative-energy vehicles, manufacturing and heating. They found that we could be much closer than we think to an era when renewable and alternative-energy sources become significantly cheaper than fossil fuels.





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