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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

Comment by Experiencedon Jun 03, 2023 2:52pm
184 Views
Post# 35478596

RE:RE:RE:RE:RE:$0.60 energy cost to drive 100 miles

RE:RE:RE:RE:RE:$0.60 energy cost to drive 100 milesmarketsense - very true about the grid.


The private company that I have invested in has, as part of their development plan, use of AI to anticipate a grid failure or brownout and then ensure continuous energy to their clients without any interruption of power.  For many companies even a momentary gap in electrical supply causes numerous problems with their computers and costly downtime.

Even elementary AI such as Amazon Alexa controls the lights and many things in our house which saves us money on our electricity bill.

While there are many good things about AI, I must admit that the power and capability that seems to coming is somewhat scary for an old F@rt like me particularly since I will be around to see it.  When I look at my grandkids and try to imagine what kind of world they will be living in with AI (let alone the crushing debt that the current generations are leaving behind) I worry about them.
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