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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

Post by Obscure1on Aug 31, 2023 8:03pm
280 Views
Post# 35614911

Biden: $15.5 billion more to help Big 3 convert to EV's

Biden: $15.5 billion more to help Big 3 convert to EV'sNothing to see here. 

ICE plants will never do more than to pretend to build those over-priced, range-limited, unreliable, impossible to start in winter EV's whose batteries are crazy expensive and don't last.    

Nobody listens to Biden as Trump will be back in power real soon.  Trump and his cronies may have to run the country from Super Prison 1 but think how much money will be saved on security and not paying for Air Force 1. 

The $15 billion offered by Biden to create plant conversions and offer high paying jobs to areas that have existing ICE plants will be gratefully accepted.  Mary Barra will undoubtedly be at the head of the line with promises she never intends to keep as always.  By the time government has figured it out, the money will be spent.  

The Big 3 won't want to forego the $500 million each in production every week because of a silly UAW strike.  Of course the Big 3 will give the UAW their 46% raise AND create a 32 hour work week to keep the production lines running.  Who cares.  The auto makers will simply pass the cost on to their loyal customers who love to pay for their grossly overpriced Ford 150's as it's the American way. At least it is not as bad as the Canadian way which has resulted in the TMX pipeline being 400% over budget. 

There is no need to worry about the 65% increase in EV sales this year as they are just a fad.  Those left wing gender confused flakes just dont get it.  The S Curve trajectory for adoption rates are just a conspiracy theory.

Suncor needs to keep buying up the oil patch and build more PetroCan stations for the day when EV's are exposed as a fraud. 
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