Suncor Energy Inc. T.SU

MbS/Putin SQUEEZE PLAY Working ALL TOO WELL

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- MASSIVELY DRAINING North America crude oil inventories

* CUSHING crude oil inventories on 9/22/3023 @ 22 million barrels

* TOTAL US crude oil inventory STOCKS {including SPR} DOWN from 853.1 million (9/23/2022) to 767.3 million (9/23/2023) barrels

& a DECLINE of 85.8 million barrels in a one year period

- their strategy to UNSEAT Senile Joe is MAKING GREAT PROGRESS

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- UNFORTUNATELY, once WTI gets PAST USD 100 per barrel, the ECONOMIC DAMAGE to the North American economy gets REALLY NASTY with the US and Canadian CONSUMERS already FACING HARD CHALLENGES due to HIGH INFLATION, HIGH INTEREST RATES, LOWER INCOME and SUPPLY SIDE SHOCKS due to COVID 19 SHUTDOWN INSANITY on TOP of RISING INDIRECT TAXES z173

[MigraineCall]

$100 oil is not at all what it used to be. This is an important fact for all oil investors: Forget about the absolute number. What is important is how it compares to historical times after you index the oil price to inflation. We have been much higher than that on several occasions. In fact, we were at the equivalent of a hair under $200 in 2008: Crude Oil Price Indexed for Inflation: https

[Hightowntrader]

Exactly! Think of the home lottery tickets that have been arounf for decades. 25 years ago they cost $100 and the grand prize house was worth a million (and you would be very happy).  Today they still cost $100, but the prize isn't any better than the average blue collar family can afford. $100 is a figure the media used for shock value in the past. The fact that companies can make so

[mrbb]

especially for canadian oil/gas companies, we get USD prices for selling the products but pay canadian dollars in domestic cost of doing business.