Suncor Energy Inc. T.SU

What will happen to oil in this scenario

[Galic1]

https://youtu.be/C-SY-eb3HWk

[MigraineCall]

Putin presently enjoys a very high approval rating in Russia. This is largely due to his 'special operation' being justified on the pretext of protecting mother Russia from Ukrainian Nazi and NATO expansionism threats. This is presented to the public through one sided news reports and controlled access of western media, and other sources like social networks. Some of it true. We in the

[mrbb]

not disagreeing with you on the big picture but russia had learned quite a bit from west on reservoir management over the decades and is not that crippled as before like back in the ronald reagan era which took russia 15-20 years to gain back what they lost Personally i don't want to see oil at 150+ since that will curb petroleum demand and guarantee a global recession.  Luckily we

[MigraineCall]

Although released in 2019, before Covid, the war, and new sanctions, here's a nice detailed analysis on Russian oil. That means projections today are a lot worse than these figures. https://a9w7k6q9.stackpathcdn.com/wpcms/wp-content/uploads/2019/09/The-Future-of-Russian-Oil-Production-in-the-Short-Medium-and-Long-Term-Insight-57.pdf

[marketsense]

Where to begin?  First,  Biden draining the SPR in an attempt to assuage his opposition and the public is akin to unloading their gold reserves in a vain attempt to prop up their massive debts and negative balance of payments.  Now the gold is gone as well as their strategic oil reserves.  Now what then? Next is the catastrophic mistake of shunning fossil fuels before they had

[Oasisjunior]

Biden and Thrudeau have played right into the hand of Putin and don't even realize it.....yet those of us experiencing inflation costs and higher interest rates will suffer economic destruction,,,,,

[pooltec]

Those 2 could not beat a grade 7 student in Chess.  Putin has planned this years ago just like a chess game.  Glad I live in Canada with oil and wheat.

[mrbb]

don't forget beef, canola oil, uranium. lumbe. It would take a bumbling and imbecile leadership to screw up canada, and we got one. 

[firstworld]

What do you expect? Canada and USA was founded not long ago by the uneducated peasants and imported same for last 200 years while Russia is the result of 2000 years of civilization evolution who have never ever lost an armed conflict unlike Canada and USA who have lost every one except indigenous genocide. Meanwhile Suncor is ripping Calgarians off at the pumps charging the same as before the $.20

[pooltec]

Biden's build Russian back better plan.

[mrbb]

well, guess who seeded feminism, environmentalism, transgenderism, racism, abortionism, etc etc into the west? Divide and conquer.  Even china succumbed to soviet marxism into today's CCP.  Even mighty germany fell for the bait and swallowed russian's energy hook. (6) Yuri Bezmenov: The Four Stages of Ideological Subversion - YouTube   EU is next, then the disease moved

[Experienced]

Migraine - another thoughtful post. In terms of such matters, I have learned over the years, not to rely on press reports, since by and large the press, and especially in the US are largely propaganda machines and generally ill-informed. When I need to get the facts relating to things that I know very little about, I rely on a network of people who "have been there and done that" and

[MigraineCall]

Thanks. Nice to have those kinds of contacts you can call. Well, your general friend seems to be in the know, and has certainly proven himself accurate regarding Russia. His feelings about China's military being no match for the US have been also repeated by some expats here that have lived in China. The Chinese army seems more fit to turn and fight inward, to control their own populations in

[mrbb]

Well, china had been singing the taiwan takeover propaganda for decades. It keep the domestic population pumped up and the west on edge. China even use N. Korea as their barking dog. The chinese still believe their CCP propaganda that china can take taiwan in days.  The russia-ukraine war had gave the CCP a second thought about taking taiwan. If china really want taiwan they better do it soon

[Experienced]

In my opinion, the change in Chinese energy investment strategy that you mention is consistent with other steps that they are taking. The first is a shift to getting oil and gas from Russia through the construction of more pipelines over the next few years.  These investments, I believe from a Chinese perspective provide a more secure and valuable security of supply than relying on other

[mrbb]

you only touched on minor points. The real reason why china invested in western oil/gas is to learn and maybe steal their technology.  Energy security of western oil/gas iasset is distant second or even third. I'll stay silence about their 2nd motive.  They know the big prize isn't western oil/gas reserves which they know they will never control or operate or have majority

[firstworld]

All global super majors dumped Canada linthe last years writing off close to a $100B on the way out. They are also dumping USA. No one wants to deal with coked out politicians always changing the rules and pandering to magical endless energy ideology when can go to LatAM, Africa, Middle East, and Asia (all non anglo Saxon countries) to open arms for oil and gas. The fact is Canada and USA have