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.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Experiencedon Dec 04, 2022 10:41pm
307 Views
Post# 35150045

RE:What does Russia selling $47/b to China and India mean

RE:What does Russia selling $47/b to China and India meanWow....great post!!

Lots to absorb.

I think there are some other implications of all this that I don't see people talking about is the implications for exchange rates and the status of the US dollar as world's currency.  One of the aspects of the current sanctions on Russia is that banks are restricted from clearing money going to Russia.  This has forced India to make deals with the Russia and to use roubles and rupees for their transactions instead of US dollars and euros.  The same goes for China not using US dollars or euros.

This could have the effect of destabilizing the international payments system and potentially causing the US dollar to fall and weaken its status as the world's reserve currency.  When you combine this with yet another Debt Ceiling debate coming up early next  year in the US, it just adds another dimension to uncertainty for the markets and something else for Powell and the gang to chew on.  Lower demand for US dollars as these countries stop using US dollars will result in higher inflation rates which in turn means higher interest rates.

On the environmental side, the zealots continue to be out in full force. A recent example, while not really significant per se for oil supply and demand, but the other day the Los Angeles City Council voted to force all existing oil wells in the city to stop production and to ban the drilling of any new wells.  To me this insanity will make things worse as time goes on.

I share your view with all the balls in the air right now that discretion is better than valor.
<< Previous
Bullboard Posts
Next >>