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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 29, 2023 10:08am
151 Views
Post# 35520333

RE:RE:RE:One of the best interviews.....

RE:RE:RE:One of the best interviews.....I agree that his solutions will never see the light of day in the US.

The US based on the past few elections and current political representation in the Senate and the House (ie basically 50/50) means that whatever you want to do, about half the people would be against  it.

The other important reality which transends this political divide is the corner that the US Government has placed itself in.  Namely, excessive debt and ongoing trillion dollar annual budgetary deficits.  With almost half the people in the US not paying income tax but living off Government handouts, it is politically impossible for either Party to take back some of this largesse.  We recently saw this with the debt ceiling deal which ensured multi trillion dollar bugetary deficits basically forever.

In the same vein, neither Party wants to tackle entitlement progams (Social security and Medicare).  Social security will be in a deficit position sometime between 2034 and 2037 and will result in a pay cut of about 23% starting in the first year and getting worse as time goes on and more baby boomers become of age for benefits.

So yes, great ideas are just great ideas if nothing can be done to implement them.
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