It seems Brockville, Ontario is having a little fun with Netflix’s latest rom-com.
I suppose I shouldn’t complain about the popularity of Southern Ontario as a filming location, but there are days when pausing the show for a moment for “wait a minute, that’s the old Hearn power station” gets a little old.
My personal favourites were from "Designated Survivor" (that show where the entire government gets wiped out and a bunch of 's, 's and 's end up running things, and it goes pretty well, eh?), in particular, the occasional flag that got missed in editing, or GO Transit busses in the background of shots.
Global oil supply will exceed demand in 2025 even if OPEC+ cuts remain in place, the International Energy Agency (IEA) said on Thursday, as rising production from the United States and other outside producers outpaces sluggish demand.
The prospect of a more than 1 million barrels per day (bpd) excess supply - equal to over 1% of world output - is a headwind for OPEC+, which comprises the Organization of the Petroleum Exporting Countries and allies such as Russia - in its plan to start raising output.
Oil demand growth has been weaker than expected this year in large part because of China. After driving rises in oil consumption for years, economic challenges and a shift towards electric vehicles are tempering oil growth prospects in the world’s second-largest consumer.
“China’s marked slowdown has been the main drag on demand,” the IEA said in its monthly oil market report.
“Rapid deployment of clean energy technologies is also increasingly displacing oil in transport and power generation, adding downward pressure to otherwise weak demand drivers,” the report added.
This is going to have geopolitical impacts too. As the world shifts to clean technologies, there’s going to be a question of which oil stays in the ground, and the current landscape of sanctions and embargoes are all part of determining this so that it isn’t just the lowest-cost oil that will be pumped.
Also, if oil and gas prices do fall, there are a number of countries that rely on oil revenues, and they all have a break-even price where cheaper oil won’t support their spending commitments. Russia is particularly notable here, as its oil has to make its way past the embargo and pay for the war. Also, Saudi- it has a very low cost of production, but is relying on the revenue to fund its megaprojects that are supposed to shift the economy away from oil dependence, its export of corrosive values, and its own unsustainable thirst for oil for power generation and desalination, without which the country will die of thirst and heat.