the Head of Petroleum Analysis at GasBuddy.com says he is watching Canada closely after the federal government announced its deadline for all new cars shifting to electric vehicles by 2035. Patrick De Haan suggests it is going to be a bit of a back and forth. He says, “Oil companies probably will not invest and so that could eventually mean capacity could decline over time. The real question is will demand decline faster than potentially capacity. That imbalance between supply and demand is what could cause more volatility.”

De Haan also notes that electric vehicles lower emissions during the life of the vehicle, but they aren’t emission-free during production, and he wonders if EV chargers will become more commonplace in rural Saskatchewan over the next decade. (swiftcurrentonline.com)