Tuesday: June 10th Today, Hydrogen is mostly extracted from natural gas in two main techniques: Blue Hydrogen and Green Hydrogen. Blue Hydrogen is a more traditional way of producing hydrogen that starts with natural gas and removes the carbon dioxide. Green Hydrogen, alternatively is made by "splitting water into oxygen and hydrogen using renewable electricity". Air Products has made a large push in the Hydrogen space in Louisiana starting in 2021 when they shared plans to construct a $4.3 Billion Hydrogen plant that would produce Blue Hydrogen and sequester the carbon dioxide under the Lake Maurepas. But, given the push from the Trump administration to cut Biden's tax incentives for green energy sources, and other factors, the project has ballooned...
Tuesday: May 27th 2025 U.S. currently has sanctions on Iranian oil as a result of their stance against the Iranian's uranium enrichment program. Last week, representatives of both countries met in Rome for a 5th round of talks. It wasn't all sunshine and rainbows. However, if an agreement is struck, and the sanctions are removed, there will be an increase of supply in the global oil market. The expected increase in supply from these talks are coupled by the expected increase in production from OPEC+ countries who have their next meeting on this Saturday. TSX 60: 1,559.98DJIA: 41,849.04S&P: 5,854.07Nasdaq: 19,014.44Oil (WTI): 61.54ICE NGX (T-1): 1.78 Trump Says Putin Is ‘Playing With Fire’ Oil prices dip on supply concerns TSX's gains...
Wednesday: April 30th It seems that the cause of the blackouts that hit Spain and Portugal were a result of loss of power from 2 power generation substations in the south of Spain. Most of the grid is fueled from Solar (53%) wind (11%) and a nuclear and gas mix (15%). It has yet to be confirmed the exact details of why this ordeal happened, but preliminarily, it seems that there was not enough backup generation to back-fill the grid when the renewable resources fell short of the demand. There has been some clarity that has come to light about the U.S.-Ukrainian mineral deal which the White House claimed as being a key factor in ending the conflict between Russia...
Monday: March 31st 2025 LNG Canada is getting ever closer to completion. A shipment of LNG is coming to the port, not for export but for import. Apparently, it will be used to help fill the storage tanks and get them down to the super cooled temperature of minus 169 degrees Celsius needed to liquify natural gas. This process is expected to take 3 to 4 weeks, and once complete, the terminal will be ready to go into production. The start-up is not yet set, but LNG Canada is expected to be shipping out cargoes roughly every 2 days, with each shipment valued in the $150-$220 million range. B.C. is expected to begin reaping a revenue windfall from the onset...
Thursday: February 27th 2025 Who knows what is going through ole Donald's minds here. obviously there's some cat-and-mouse going on with Canada and Mexico. So far, we have been playing ball, but the leash has yet to be removed. Trump posted on Truth Social today that the 25% tariffs on Canada and Mexico are set to resume on March 4th. I think those are likely to be pushed back again. At least for Canada's end, we have abided by his conditions, namely: declared Cartels a terrorist orgs, increase border patrols and appointed Kevin Brosseau as Canada's Fentanyl Czar. Canada is not out of the woods yet so to speak. Trump also stated in his post that the second round of tariffs,...
