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Bullboard - Stock Discussion Forum 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... see more

TSX:SU - Post Discussion

Suncor Energy Inc. > yuan you say
View:
Post by wreckhouse on Mar 29, 2023 5:34am

yuan you say

China has just completed its first trade of liquefied natural gas (LNG) settled in yuan, the Shanghai Petroleum and Natural Gas Exchange said on Tuesday .
It was just a matter of time  and this could put weakness on the U.S.$. All oil from the opec countries will be next . Interesting times for oil and ng traders .BCRNW
Comment by Experienced on Mar 29, 2023 8:45am
Absolutely. India and China are already trading oil and natural gas in local currency.  I suspect Chinese oil trade with China will soon be priced in Yuan. As you point out, this will be yet another nail in the decline of the American Empire and all the financial implications that that will entail. Get ready for a brave new world (and if you have young children, enroll them in mandarin ...more  
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