Canada
Latest Announcement by Quebec Could be Step to Convoy Success
Quebec Premier François Legault has scrapped a plan to tax the unvaccinated, weeks after announcing they’d be charged a “health contribution” due to the financial burden they impose on the rest of society.
MSM Irresponsibly Trashes Canadian Freedom Convoy
The Washington Post and MSNBC trashed the Canadian truckers participating in the “Freedom Convoy” traveling across the country to protest vaccine mandates for cross-border truck drivers, as well as the Liberal government’s coronavirus restrictions.
Energy
Oil Enters Political Intervention Territory
The producers’ group may also be growing more concerned by the hawkish central bank shift that could lead to slower global growth and oil demand revenues this year. In fact, the recent crude builds seen in OPEC+ may portend a larger hike than expected, with similar precedents before significant production increases (e.g. Jun-18, Nov-18, Mar-20) when exports then surged.
Arctic Blasts Puts Texas Grid at Risk, Again
BloombergNEF data based on pipeline flows show there have already been two instances where pipeline flows dipped due to cold weather this month.
With or without the IEA’s roadmap to net zero, this year could see an uptick in new drilling, especially given the strength of oil demand after the pandemic.
Soaring Energy Prices Fuel Mayhem For The Metals Industry
High energy prices are beginning to take a heavy toll on power-hungry industries such as aluminum smelting, sending prices for this crucial metal up.
Health
Long-Haul Covid and Your Gut
Could the severity and length of a COVID-19 infection hinge on the health of a patient’s gut? A recent study suggests that “profiling” the gut microbiome (the environment where bacteria, viruses, and fungi live in the intestines) will help to determine who might develop post-acute COVID-19 syndrome, or “long Covid.”
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