Suncor Energy Inc. T.SU

Adoption of New Technology

[Experienced]

In past posts I have talked about the speed at which new technology can be adopted and the implications for legacy technology.

Here are some charts showing the speed of the adoption of the motor car in the US

https://www.energy.gov/eere/vehicles/fact-962-january-30-2017-vehicles-capita-other-regionscountries-compared-united

If the adoption of EVs is anything what the automobile did to horse and buggies....well I'll leave it to each of you to figure out what the investment ramifications would be.

[GingerEnergy111]

Take a look at the movie "Seabiscuit" where at the beginning, the "wagon wheel repair man" is awed by the motor car after completely taking one apart.  He then puts it back together and recommends a supercharger system would really make it go.   Says he would never buy a horse again, the car is the latest big thing! Then life takes a few twists and turns and he

[Experienced]

Interesting that you referenced a movie. Last night my wife and were watching the latest episode of the show 1923.  Dutton and some of his cowboys rode into town for Dutton to talk to the banker about getting a loan.  As they pulled up there were cars on the street and one of the cowboys commented that these things were everywhere.  In front of the bank , Dutton asks this guy were

[Clemxb7]

To have a rapid adoption of a new technology it needs to be clearly better. The invention of the internal combustion car was a massive game changing improvement over the horse that resulted in magnitudes of gains in efficiencies we still benefit from today. The adoption of electric vehicles mostly only has an environmental improvement and some of that is questionable. EV's are still more

[Experienced]

Good points Clem.... In terms of practical efficiency/motivation, as I have mentioned in previous posts, I have an order in for an IONIQ5.  Yes the initial cost is higher than a comparable ICE but the lower cost of fuel and maintence based on my math suggests a payback of this differential in about 2 years and then after that the savings are gravy.  It is highly likely that the cost

[parcheg]

First off, I want to say I am appreciative of the time and effort you put into sharing your perspective on all things of interest to BB watchers vis a vis SU. I recently watched the 1 hour (+ or -) talk by Peter Zeihan on Globalization. He is bullish on Canada and the US economies long term, thankfully. This is in spite of, for example, Canada's inability to knock down trade barriers between

[meritmat]

They will be filling TransMontain by the end of the year.  Once its operational it will be sold to a native consortium.   Don't worry the natives will be more then happy to own it and make Billions off it.  Good for them 

[nukester]

Experienced, Your paradigm regarding the demise of oil consumption is quite similar to those of agricultural investors during the beginning of the automotive age.  As automobiles were mass produced, smart investors like yourself realized horse and buggies were soon to be history. As those astute investors embraced the automotive future, many of them equally shunned investing in horse related

[Experienced]

Nukester.. With all due respect, I think you need to read my posts more carefully.  You like many others here seem to be missing the important point of what I am saying.  Perhaps I haven't been clear enough...I don't know. Time and again I have pointed out that while the discussion here seems to be focussed on EVs and the impact on oil consumption but the story is much wider

[meritmat]

Or is this green transition just a bubble?   Look these companies are with in a few quarters of returning massive free cash flow back to share holders.  Once there debt levels are reached.  I could see Suncor paying a 10% div plus buying back shares.   Till I see demand start to drop im going to keep steering this ship towards the ice burge.    Damn the

[mrbb]

like any new trend, new fangle, there will always be alot of scam and fake claim to steal your money. (ex. untold wealth being stolen through bitcoin/crypto scams and frauds). untold billions being wasted on subsidizing fake/unsucessful solar and renewable startups, yet the anti oil zealots keep claiming about billions subsidies given to oil/gas industry. When i ask them to name me some current

[nukester]

Experienced, Sounds like you have it all figured out. I enjoyed the exchange. May the wind be forever at your back :-), Nukester

[mrbb]

problem here is people's view on science/energy with no science/energy training/background can be easily skewed with a few selected internet articles, they don;t know what's real and what's colored guesses because good persuader know how to blend them together as 1 smooth essay, On another note, the hay production chart, hay production should be even higher than the red line if

[nukester]

Mrbb The alfalfa graph was just for fun :-) Obviously hay / grain feed etc. is very a nuanced topic, especially over decades. It was just a basic illustration designed to show horse feed was similar to oil and both remain valuable to this day. You are right in my opinion, we need all the energy we can find. Cheers, Nukester