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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 13, 2023 9:41am
117 Views
Post# 35493367

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

RE:RE:RE:Why is the Biden administration not refilling the SPRIt is a well known fact that sanctions on a country don't work.  There is a long list of countries over the years/centuries that have sucessfully withstood sanctions and Russia is no exception.

The best way to test whether sanctions are working or not is to "follow the money".  The best and simplest way to do this is to look at the relative exchange rate of the country being sanctioned compared to the US dollar.

So what is the evidence?

Year over year the Russian rouble has appreciated 47% compared to the US dollar.  No other currency comes close to that level of appreciation.
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