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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 production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.


TSX:SU - Post by User

Post by bigbear4511on Sep 13, 2021 4:30pm
214 Views
Post# 33850192

How much oil does the US have left?

How much oil does the US have left? When i look at the Worldometer in terrms of how much oil each country has, it states that the US has 35 billion barrels.  Lets say for figures sack they have 45.  Back in the 80s they only had 20 billion but thanks to better technology they are able to access the shale oil that was previous undrillable.   So if they have 45 billiion barrels left and they are drilling 11 million barrels a day that would remove 4 billion of their reserves every year.   This oild is hard to get at and requires constant drilling..  Once drilled, the well is in instance decline and requires another well to be drilled and so on.  The states have been drilling for a long time and in terms of size their country is not very big.  So will they run out of oil in 10 years?  Their reserves are finite and loosing 10% of their inventory every year is huge.  It is possible they can find other deposits but at this moment i feel they don't have much time before their asset dimisihes.   
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