Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Comment by RagingBull3on May 02, 2022 2:42pm
202 Views
Post# 34648468

RE:The Decline and Fall of the Roman Empire

RE:The Decline and Fall of the Roman EmpireUSA losing control over Oil Price, the shift away from the use of USD, trade sanctions.... TRIPLE Whammy..... Ironically, all happening because of the actions of the US government and the Federal Banks.  

There's a reason why the Banking System was kept seperate from Government/political influence.  Worse thing USA could have done to the USD was using it as a weapon against Russia.    Could be the begining of the end of the USD.   

All just my opinion/view/thinking.




MigraineCall wrote: The Roman Empire failed as a result of a food crisis, made worse by efforts to control it. Seems similar.

As we celebrate our foresight to own Suncor and other producers during this bull oil market, the high cost of energy is creating much higher costs in food production. Fertilizers, planting, harvesting, shipping, and affordability are putting us on a similar path.

Throw in a few more black swan events like war, climate change, pandemic, and who knows whats next, and we may be going the way of the old Romans.

Here's an excerpt written 240 years ago in 1781 that I found interesting, and gives us something to think about, in the oil markets.

We subsidize some with fuel caps, while penalizing others with carbon taxes. We sanction some, while allowing others to buy, refine, and sell it back to us at hefty profits. We restrict production in our own country, yet purchase from brutal regimes.

Those that fail to learn from history are bound to repeat it.

User image










<< Previous
Bullboard Posts
Next >>