Hello
There are lots of news stories on Canada’s relationship with India and I included a couple pieces as Modi visits the US. While I was sending this, a tweet came out.
A tweet from The Kobeissi Letter outlines how many mortgage holders are with three of the top five banks and shows how many are not even paying the interest on their balances.
Doomberg produced a couple brilliant pieces. They look at many of the headwinds hitting the wind power sector and they also remind readers the reasons why so much oil is both imported and exported. It seems that in North America, people fight against the need for refineries and there are consequences.
Those natural gas bans continue in BC and I included a message from Fortis on why it does not make sense to rush this.
Jack Mintz gives his reasons for the BC affordability crisis and The Fraser Institute outlines the many energy efficiency code changes and what costs that means to Canadians.
Peter Zeihan addresses the good and bad things of the Hydrogen movement.
A brilliant and important Netflix series by Peter Berg is something to watch. It is so disturbing to learn how Oxycontin was approved and the tragedies that followed to so many families. Who would have thought that Matthew Broderick would play the villain.
To close, Megyn Kelly had her husband on the Wednesday podcast. “The Mysterious Case of Rudolf Diesel,” is written by Doug Brunt and I can’t wait to get this book on a person I and so many know little about but was one of the most influential people in the last 200 years.
David and Amy
Number 1 - India and Modi
US in ‘no win’ situation after Canada suggests India involved in assassination – Breaking Defense
How Modi went from being banned to being embraced by the US.
https://www.cnn.com/2023/06/20/india/india-narendra-modi-united-states-white-house-visit-intl-hnk
Number 3 – Doomberg -‘Windbaggery - The Wind Energy Sector’s Days are Numbered’
https://doomberg.substack.com/p/windbaggery
One phrase that we coined and have popularized on various podcast appearances is “In the battle between physics and platitudes, physics is undefeated.” It is a polite way of articulating that the hard realities of life must eventually be confronted, and no amount of pompous speech, deceptive statistics, or outright fabrications can overcome the laws of physics. It might take many years, involve billions in misallocated money, and cause significant social and political upheaval, but one simply cannot wish away the fundamental constraints of the universe. The global energy strategy is no exception.
We repeated our claim that levelized cost of electricity (LCOE) estimates were tantamount to fraud, and that the veil would soon be lifted, causing significant disruption to the entire wind value chain.
Number 4 - Another masterclass from Doomberg titled ‘Molecular Tourism”
https://doomberg.substack.com/p/molecular-tourism
‘Unraveling the riddle requires an understanding that not all crude grades are created equal, each individual refinery is tantamount to a bespoke chemical plant, and the journey from crude oil to finished products like gasoline and diesel is not nearly as straightforward as many politicians believe.’
‘Banning the free flow of petroleum products now would wreak havoc in the global gasoline, diesel, and jet fuel markets. Skyrocketing prices would undoubtedly follow.’
Number 5 - Nat Gas Bans in BC
Nanaimo is the latest to ban natural gas heating in new homes.
https://vancouversun.com/news/local-news/bc-natural-gas-heating-ban-nanaimo
Fortis says to reject recommendations for a quicker move away from fossil fuels.
Slater said banning gas from new buildings would limit choice for customers, decrease energy affordability and put more pressure on the electric system during peak times, especially during winter. He said giving customers more choice also makes them financially more able to support a long-term transition away from fossil fuels and gases.
Number 6 - B.C.'s real affordability problem is taxes | Financial Post - Jack Mintz
The premier says interest rates are squeezing British Columbians, but so are his tax increases.
https://financialpost.com/opinion/bc-real-affordability-problem-taxes
If Premier Eby really wants to help people cope with affordability, his government should try fiscal Ozempic and curb its appetite for spending and taxes. Otherwise, the outcome will be a tax revolt as beleaguered voters look around for a fiscally prudent government.
Number 7 - Fraser Institute - Building Efficiency Mandates
economic-impacts-of-new-federal-building-energy-efficiency-mandates-execsum
‘A shocking new study published by the Fraser Institute this week finds that the cost of a newly constructed home in Canada will increase by $55,000, on average, by 2030 as a result of the federal government’s stricter energy efficiency regulations for buildings.
What’s more, these regulations will only reduce Canada’s total emissions by 0.9%.
That’s not a typo – it’s less than one per cent.
The increased home costs range from a high of $78,093 in British Columba to $22,144 in New Brunswick.
See more provincial breakdowns attached and be sure to spread this news on social media.’
Number 9 - Painkiller | Official Trailer | Netflix
https://www.youtube.com/watch?v=24-YonhNS0Y
Painkiller, a fictionalized telling of real events, explores some of the origins and aftermath of the opioid crisis in America, highlighting the stories of perpetrators, victims, and truth-seekers whose lives are forever altered by the invention of OxyContin.
Number 10 - The Mysterious Case of Rudolf Diesel, and How Reading Helps You Think, with Doug Brunt
Megyn Kelly is joined by Doug Brunt, best-selling author of the new book, “The Mysterious Case of Rudolf Diesel,” to discuss the mystery at the center of his book, a brief synopsis of who Rudolf Diesel is and his impact on our world today, whether Diesel committed suicide or was murdered, the suspects for who could have mudered Diesel, how authorities identified his body, the devastating impact of his death, his legacy today the difference between writing and selling a fiction vs. non-fiction book, the support and feedback from peers (and Megyn), Meryl Gordon’s book “Mrs. Astor Regrets” and her disappointment with Anderson Cooper for referencing her work throughout his new book, the ethics of citing sources vs. doing your own book research, Doug’s life growing up, the different personalities of their kids, where love of books came, and more.
We hope you found the Top Ten interesting this week, and are looking forward to another selection of articles, stories, and commentary next week. If you know of anyone else who would be interested in receiving our weekly note, please let me know.
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