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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.


TSX:SU - Post by User

Suncor Energy Inc > Youngins - Something to Think About
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Comment by jx7000on Jan 19, 2024 1:34pm
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Post# 35836250

RE:RE:Youngins - Something to Think About

RE:RE:Youngins - Something to Think AboutJMHO, I think the plan is to crash the western economies (i.e., create a depression), repudiate the debts and then start anew with digital currencies.  

Up until 2018, after 15-straight years of provincial Liberal rule, Ontario's monthly interest on the accumulated debt was almost C$1 billion per month. Now in 2023 it's C$13.449 billion per year or C$1.12 billion per month. And it's projected to go up in the next two fiscal years. (See Province's Debt History)

But the real scary part of accumulated debt in Canada, and maybe I have wrong information, is that we as a nation are paying out about C$1 billion per day of interest on the accumulated debt!  I don't have a URL for this, but if that's correct, somehow I don't think having rich parents will help much when the SHTF.  We'll all be foraging for food and shelter.

Somebody please tell me I'm wrong so that I can get a good night's sleep ;-)


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