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 Jun 12, 2023 7:50pm
127 Views
Post# 35492597

RE:RE:Why is the Biden administration not refilling the SPR

RE:RE:Why is the Biden administration not refilling the SPRMigraine...you have talked about this before in terms of the fact that "oil is not just oil".  I agree with everything you say about that.  It is rationale and common sense.

You present a reasoned rationale explanation as to why it doesn't make sense for the US to fill the SPR with light oil but frankly I don't give the Biden Administration that much credit for thinking this through.

In the US politics is the primary focus for decision making (not common sense) and given that Texas is primarily Republican, Biden doesn't want to do anything to help them out.  In the US it is NOT about doing what is right and making sense, it is all about votes.

In the last US Presidential election a per cent or two another way in several swing states and the results would have been the opposite of what happened.  So this is the political calculus not whether sweet crude or sour crude is what should go into the SPR.

In the US, so called democracy ( I like to describe it as democracy run wild), results in the almost everything being political. Even the State Supreme Court is elected as Democrat or Republican by the people and so Court decisions are based on political considerations as opposed to the actual law.

For Gawd's sake, even the Sheriff's Adiministrative Assistant is an elected official as are the people who makes the rules and count the ballots in an election.

Soooo..with all due respect my friend, rationale facts like you present have very little to do with US decisions making.
<< Previous
Bullboard Posts
Next >>