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SPECIAL OFFER!

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Posted by MoneyTalks Editor

on Friday, 07 September 2018 14:29

CATCH THE ENERGY

MoneyTalks' own oil and gas guru Josef Schachter is hosting the inaugural Schachter Energy Conference on Saturday, September 29th in Calgary. Hear direct from Canada's top energy and energy service CEOs with insights on where and when to invest in 2019 and beyond. This is a unique opportunity that only Josef and his team could pull together. Michael Campbell will also be a live keynote speaker at the event and broadcasting the show live onsite.

AND OF COURSE there is a special MoneyTalks ticket price. Michael has arranged a $50 discount on the general admission tickets and a $75 discount on the VIP ticket.

MoneyTalks promo code = moneytalksenergy (all lower case)

CLICK HERE for more information and to register. 

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Energy & Commodities

E-Bikes Are Getting More People Out of Their Cars

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Posted by Selene Yeager,

on Friday, 07 September 2018 11:54

ebike3Want to stir up the cycling masses on social media? Post something about e-bikes. Few topics raise hackles like bikes powered by batteries. Some welcome their potential to make cycling easier and more accessible, but others fear they’re too close in nature to motorcycles to earn the “bicycle” classification.

That the technology is fairly new, and we don’t have a ton of data to work with, only muddles the debate. A new survey should help clarify things. Carried out by the National Institute for Transportation and Communities, it sheds some light on how people actually use electric bikes. The main takeaway: More e-bikes means fewer cars on the road—and more people in the bike saddle.

Designed as a deep dive, the survey polled nearly 1,800 electric bike owners in North America, most of them in the US. It asked respondents why they bought e-bikes, what kind of trips they use them for, and how e-bikes compare to conventional bikes when it comes to barriers to cycling.

Men accounted for most e-bike buyers at 70 percent, with women at 29 percent (the rest were unspecified). Reasons behind the purchases were all over the map, but included the ability to ride more easily in a hilly area; to ride longer distances; to help overcome limitations caused by a medical condition; and, of course, to just have fun.

ebike

What stood out, however, is how many motives involved eliminating driving hassles. Twenty-eight percent of respondents said they bought an e-bike specifically to replace car trips. Others pointed to craving a more car-free lifestyle, such as using e-bikes to carry cargo or kids, avoid parking and traffic woes, be more environmentally minded, and have a more cost-effective form of transportation.

Scan the chart below, and it’s clear that people want to do on a bike what they do with their car, but that barriers like distance, terrain, and hauling cargo get in the way:

ebike2

E-bikes aren’t only about utility. Of the riders surveyed, about a quarter said they wanted to increase fitness. Others wanted one for recreation, because a medical condition made riding difficult, and to keep up with friends and family.

Whatever their given reasons, e-bike owners ride a lot. More than 91 percent ride weekly or daily. Meanwhile, only 55 percent rode their standard bikes frequently before getting an e-bike. To be clear, the vast majority (93.4 percent) rode a standard bike previously, so they’re likely already sold on cycling in general.

But e-bikes allowed them to ride more frequently and leave their cars behind more often. In fact, they reported that 76 percent of their trips via e-bike would have otherwise been made by car.

Interestingly, of the 6.6 percent of current e-bike owners who said they hadn’t ridden a standard bike as an adult, 93.5 percent now say they ride weekly or daily.

E-bikes are a small but growing market in the US, with between 200,000 and 250,000 sold in 2016 alone, according to survey data. Worldwide sales are exploding, with figures estimating 100 million e-bikes sold by 2035. At the very least, that means more butts on bikes and fewer behind the wheel.



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Energy & Commodities

A Saudi-Iran Oil War Could Break Up OPEC

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Posted by Irina Slav

on Friday, 24 August 2018 10:43

oilland2

Irina Slav of OilPrice.com comments on the increased tension between Saudi Arabia and Iran.

When OPEC and Russia shook on increasing crude oil production by a million barrels daily to stop the oil price climb that had begun getting uncomfortable for consumers from Asia to the United States, there was no sign of what was to come just two months later: slowing demand in Asia, ample supply, and a brewing price war between Saudi Arabia and Iran.... CLICK for complete article



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Energy & Commodities

Google One is More Proof of Commoditization of Consumer Cloud Storage

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Posted by Ron Miller

on Thursday, 16 August 2018 11:35

goog

We have long known that the price of cloud storage services like Dropbox, Google Drive and Microsoft OneDrive have been getting cheaper over time. Yesterday’s launch of Google One in the U.S. dropped the price for Google storage even further, cutting the cost per terabyte per month in half, driving this point home even more clearly.... CLICK for complete article



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Energy & Commodities

Bitcoin Could Challenge Gold As Major Asset Class

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Posted by Alex Kimani

on Wednesday, 15 August 2018 11:34

bitconneeeeect

Hedge funds have gained an almost mythical status in the investment world over the past two decades. Estimates suggest there are more than 15,000 hedge funds controlling nearly $4 trillion in managed assets, managing everything from stocks, derivatives, and currencies to land and real estate.

And now you can add cryptocurrencies to that growing list.... CLICK for complete article



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