Suncor Energy Inc T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

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.

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Suncor Energy Inc > Another area fro future reduction in energy demand

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Comment by mrbbon Jun 17, 2023 5:14pm

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Post# 35502003

RE:Another area fro future reduction in energy demand

Experienced wrote: Won't bore anyone here with the history but suffice it to say that a Branch of my family moved in the 1800s to Kansas after it was opened up for Europeans to settle there after the Civil War and Treaties were signed with the various Indian tribes in the area. Some of this Branch of the family still live there as farmers.

I had the occasion to contact a cousin of mine due to a death in the family. After the usual "catch up" topics of conversation, we started talking about farming (which I know nothing about...lol). Anyway, he got talking about the fact that they were now using drones, sensors and AI on their farm. Now, this got my attention!! In short, he said that through the use of these techniques they are using about half the pesticides that they used to use since they can target the spraying to just where it is needed instead of spraying the whole field. This is saving them a lot of money. As well, the are using significantly less fuel to drive their tractors for fertilizing and pest control since the drones can do it. Plus they don't have to drive all over their farm to check on fencing since the drones can do it much more cheaply.

Following this conversation, I looked into this and sure enough there is lots literature on the internet about the significant energy savings from this technology. How much this will save world-wide in terms of a reduction of the demand for oil and NG, I have no idea. But it is for sure another item in a growing list of developments which over time which will future energy requirements.

Food for thought....pardon the pun...

With ever increasing CAFE requirement, did oil consumption dropped?

With the advent of computer and display monitor, people had predicted we would reduce paper consumption as we can save computer outputs electronically instead in paper printout. Did we reduce paper consumption?
https://www.statista.com/statistics/1177457/consumption-of-pulp-worldwide/#:~:text=The%20global%20consumption%20of%20pulp%20for%20paper%20amounted,to%20nearly%20190%20million%20metric%20tons%20in%202021.

When we set the upper limit of PC-DOS at 640K, we thought nobody would ever need that much memory. — William Gates, chairman of Microsoft

Even bill gates, an expert in his field, can be wrong.