In this episode, the guys discuss the current economic situation in the Middle East, the impact of the sanctions, and the potential impact on the oil and gas prices. They also discuss the impact on Canada's ability to produce lithium and other lithium-ion batteries.
00:00:00.000The real issue in my mind is not only the eventual price of gas and oil, but quite frankly, we talk about EVs and we talk about converting and everything.
00:00:12.380We keep talking about the fact that as Canadians, we're middled right now.
00:00:15.580So we've sold off our one national asset years ago.
00:00:20.520We are in this model, which in an environment like this doesn't work for us.
00:00:25.520Right. How do we get to the point where if it's going to take us years to get there, we're not going to be sitting exposed because there's nothing to say that this conflict in the Middle East doesn't go on and on and on and on and keep going on.
00:00:38.860like these are these are long conflicts that can go like the embargo that changed the world
00:00:45.440caused the recession was only six months in 1963 we're in months well we're we're in two i guess
00:00:53.840technically this has been five weeks as of today and quite frankly you know are we going to go six
00:00:58.720months and at the end of six months where we at because to your point mike look at the countries
00:01:03.180that are already being impacted so the ripple effect of all those the ripple effect of all
00:01:08.040those is they're not selling goods they're not exporting goods they're not doing anything it's
00:01:13.520starting to slow right those economies are all slowing so therefore any resources or any of the
00:01:19.920things we need from those countries to keep ourselves going you know we just we're going
00:01:24.100to be doing a show coming up which is very interesting and it was on lithium i was even
00:01:28.740going to touch on that that i think that'll be a good watch for people because we might think
00:01:32.840we're in the ev game not so sure that's true no we only we only produce 2.6 percent of the world
00:01:38.520supply of lithium we're not huge lithium supply except we sold it off to a chinese company and
00:01:44.460so how many batteries are we going to make without importing something from another country country
00:01:49.000and quite frankly that other country could be impacted by the oil and gas issues therefore
00:01:54.960they're slowing so the ability for them to mine truck logistically travel ship and land in canada
00:02:02.060to make it to a plant to make EV batteries.