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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 Oct 07, 2022 4:52pm
198 Views
Post# 35013240

RE:NOPEC to be the West's next chess move

RE:NOPEC to be the West's next chess move

saudi has been moving away from US tie and toward the BRICS for the past years.  Having future king MBS and biden adminstration combination accelerated that. 

Disabling NS 1 & 2 is part of above reason as well.  Every nations knew who done it but afraid to speak up because it could be seen as supporting russia.  The ukraine good, russia bad narrarive is very strong.  Germany was ready to cave in to sanction against russia so NG re-open up to germany but US can't have that, the ukraine-russia war must go on.  US want to be the new supplier of energy to EU. Lots of US shale gas hasn't been tapped yet. Blinken and Condoleezza Rice said so too. US motives are clearly spelt out. 
For greed  Anthony Blinken on Nord Stream: "It's a Tremendous Opportunity" #shorts - YouTube

Biden says he'll shut down Nord Stream 2 pipeline if Russia further invades Ukraine - YouTube  - and for power

Obscure1 wrote: Saudi Arabia has once again crapped on the USA and Europe.

The Saudi's have chosen to hump Europe as hard as it can for as long as it can.  You can't blame SA as Europe and the USA have been grinding the Middle East for 100 years. 

Now that OPEC has the "West" over a barrel :) it will be interesting to see how Europe and the West will respond.  They could turn to Canada, but that doesn't work for the USA who plans to keep humping Canada for another century.  Why else would the USA be turning to Venezuela in its time of need instead of Canada other than Biden looking bad.  

Europe and the US have been pushing papers about NOPEC around for awhile.  The US has had no incentive to promote the program because the US has been profiting from higher prices while Europe has been decimated. 

With the midterms approaching fast and Biden out of bullets other than SPR releases, Biden needs a new story.  What better way to rally Americans to vote Biden that to be seen as initiating a massive buying group to drive down the price of oil instead of having each country trying to outbid each other in order to heat homes this winter.  

In a world where it keeps getting more difficult to believe in anything, the US offers up two things that we can always count on: its insatiable need for greed and power

 

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