Surprising! Not surprising: new car sales in Norway -- 88% were EVs!
- first thought: puts the lie to cold weather and EV issues;
- Norway: it's a one-off
- huge subsidies; state policies favor EVs (free parking, e.g.)
- most important: it is unacceptable to not buy an EV in Norway
- outcast, leper, persona non grata, pariah, untouchable, exile, reject
- source of electricity: hydroelectricity
- average daily driving distance: within one's own urban area
- much/most of the population lives in three cities
- 5.4 million total;
- Oslo (metropolitan area): 1.6 million; Bergen: 275,000; Trondheim: 185 million
- almost no farming
Speaking of farmland:
- in the US: in 2017, the United States had just over 2 million farms, down 3.2 percent from 2012. These farms accounted for 900.2 million acres of land in farms, or 40 percent of all U.S. land. This was a decline of 14.3 million acres (1.6 percent) from the 2012 level. During the same time, the average farm size increased 1.6 percent, from 434 acres in 2012 to 441 acres in 2017.
- in Norway: only 3 percent of Norway's total land area (excluding Svalbard and Jan Mayen) is farmed land. Of the 3 percent in agricultural use, only a smaller part is located in areas where climatic conditions are suitable for growing cereals for human consumption.
On tap for today (note: one story below answered my question for today -- it's the first week of the month; I invest the first and third week of each month; what was I going to buy today? I can't say more because this is not an investment site):
- Tesla: most respondents say "nothing to see here." I don't know. Just posting because the graph looks interesting.
From Bloomberg today
- China: re-opening.
- Chart of the day:
- ERCOT did just fine; Duke and the East Coast? Not so much.
- Best of the rest:
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Back to the Bakken
The Far Side: link here.
Active rigs: 43.
WTI: $75.08. Down 2.4%; down $1.85.
Natural gas: $4.050.
Friday, January6, 2023:
None.
Thursday, January 5, 2023:
36900, conf, Bowline, Shaffer 155-102-27-22-6H,
None.
RBN Energy: latest cold blast sets new records for the Canadian gas market. Archived.
In a part of the world where enduring a cold winter is often seen as a badge of honor, the latest cold blast that descended on Canada just before Christmas — and during Christmas in the U.S. — was another one for the natural gas record books. By almost every measure, the recent frigid temperatures, though not long-lasting, set new Canadian records for daily demand, storage withdrawals, and net exports to the U.S., and went well beyond the records set during Winter Storm Uri in February 2021. In today’s RBN blog, we delve into the latest record-busting Canadian gas data
Yeah, it’s winter in Canada, where snow, cold, and long, dark nights are countered by plenty of natural gas to keep schools, businesses, and millions of homes warm across the nation — and in many parts of the U.S., where Canadian natural gas is still an important part of the supply mix. That omnipresent blue flame of combusting natural gas is most appreciated when extreme cold snaps set in across parts — or most of — North America, as was the case leading up to and during the Christmas break this year. Unlike Winter Storm Uri 23 months ago, which crippled large parts of the U.S. natural gas network for more than a week as far south as the Houston Ship Channel, the latest barrage of Arctic cold that swept across Canada and into the U.S. — known as Winter Storm Elliott — only stayed a few days, but it still managed to generate some havoc — and new records for the Canadian gas market.
It wasn’t that long ago that we last discussed what seemed to be out-of-this-world, for the Canadian gas market, February 2021.
Those records coincided with the aforementioned gas market chaos that came with Winter Storm Uri, where parts of the U.S. market received a bailout thanks to Canadian gas. Though dealing with its own brutal cold snap at the time and record-setting demand, Canadians were happy to open up the valves and send (then) record amounts of natural gas to their southern neighbor when it needed it most, given that significant amounts of U.S. domestic gas production had been shut in due to wellhead freeze-offs stretching from the Bakken to the Permian. Canadian gas exports were instrumental in preventing widespread loss of life in many Northern states during the worst of Uri’s wrath.
The latest large-scale Arctic blast of cold originated in Western Canada on December 17, spread across a wide swath of Canada as far east as the Great Lakes, then penetrated well into the U.S. — as far south as Texas and over to parts of the East Coast.
The frigid temperatures and wind chills didn’t seem to have quite the same punch as Uri and dissipated from Western Canada by Christmas Eve, but it was one for the record books in terms of its truly eye-popping impacts on the Canadian gas market that we will get to in a moment.
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