Investment in solar is now > all other forms of energy https://reneweconomy.com.au/more-money-is-being-poured-into-solar-than-all-other-energy-technologies-combined/
The world is switching to solar as it should. Why? Because the cost is already much cheaper than any other form of energy and is going to continue to get a lot cheaper.
The environmentalists are going to do their thing based upon studies that support their views. Politicians will tilt in the direction that best suits their agendas. However, what really moves the needle is investment. The business case for solar and battery storage is WAY past the theoretical stage.
Going forward, developing nations will build their infrastructure upon solar and storage because they will be able to build a brand new infrastructure for less than the cost of for one year of operation of a hydrogen based infrastructure. It's triue whether you believe it or not. Check out what has been happening in Australia for example.
"According to the IMF definition, there are 152 developing countries with a current population of around 6.82 billion.
That's over 85% for those keeping score. Most of that population lives in a climate where solar power will flourish.
None of the above is going to happen overnight, but it is going to happen much faster than you think. In fact, it already is as evicdenced by the title.
I love SU's cash flow. How can you not? The frustration for SU nvestors is that the market doesn't recognize the tremdous cash flows of a company like Suncor. I read on this forum this morning that IF Suncor traded at Nividia multiples, then the price of SU would be $400. That will never happen because Nividia is going to power the AI world which is the future whether we like it or not.
At some point (I don't know when and I don't think any of the so called experts do either) the demand for oil is going to start on a downward slope. How do I know that? Follow the money.