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Suncor Energy Inc SU


Primary Symbol: T.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 > Oil Prices Inflation Woodstock Taylor Swift
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Post by Experiencedon Nov 12, 2024 7:11pm
335 Views
Post# 36309228

Oil Prices Inflation Woodstock Taylor Swift

Oil Prices Inflation Woodstock Taylor SwiftAt dinner tonight my wife and I saw a clip of people lined up to buy merchandisde for the Taylor Swift Concert in Toronto.  One young lady spent $700 on a few things...not to mention the price of admission

me..being me...I wondered about inflation about these things...

Picking a random year...1920....Iooked at the relative inflation of oil compared to today's price and then compared what I paid for an advance ticket to Woodstock in 1969 (yep..I was loser since most people got in for free)


Soooo....since 1920, the price of oil hasn't kept up with inflation so it is actually cheaper than it was back then.

Concerts...remember that the cost of my ticket to Woodstock was for three days not three hours was $18US....the price of an Eres ticket in Toronto today was $1400...much more than the rate of inflation between 1969 and now.

Conclusion?

Oil is a better deal than buying concert tickets...lol
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