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Suncor Energy Inc. T.SU

Alternate Symbol(s):  SU

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. It is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.


TSX:SU - Post by User

Comment by mrbbon Nov 29, 2022 5:25pm
214 Views
Post# 35137986

RE:RE:RE:RE:RE:RE:Powerhouse - Lookout World Here We Come

RE:RE:RE:RE:RE:RE:Powerhouse - Lookout World Here We Come

too many naysayers are too focused on petro demand drop from car drivers, and forgot about the planes, trains, and trucks used to mine the mineral needed by EVs.  Even if transition from ICE to EV is complete in say 10-20 years or so, i see a drop of oil demand by ~10% due to EV but during that time, world energy consumption would easily increase by that amount too from other area, and i know we are finding less and less new oil reserves everyday.  I also know war machines mostly run on petro.  


Hightowntrader wrote:

I'm curious as to why it takes longer to charge your smart phone/battery for your drill/headphones than your car... Oh thats right, super fast charging (and the heat generated)  is bad for the battery.  Car makers will actually want the battery to fail just outside of the warranty period, since everyone keeps saying that there is no maintenance on these EV vehicles...

So much for all the people thinking car companies actually give a frack about the enviroment. Only a fool would think so, as their business model has always included money from the repair side....Repairs may be less, and the number of parts stocked by them may be less...but you are gonna take it up the butt dry when a critical battery replacement is due... Give it some more time and everyone that fell for the EV, will fall for the next excuse about how batteries and their components are simply in short supply... I'm already laughing...



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