Suncor Energy Inc T.SU

Energy: A New World Order

[MigraineCall]

If you read one article this weekend, read this.

A fantastic read and analysis on the new energy situation we now face going forward.

Starved of capital, resources, and expertise, Russian production will struggle to grow and is likely to settle into terminal decline.

Gone will be ambitions to eclipse all other OPEC+ members as the global oil producer. Best to dial down expectations. Think Venezuela, not Saudi Arabia.

https://viscosityredux.substack.com/p/the-week-that-everything-changed?utm_source=twitter&s=r

[satchmo6]

double the bid---then trump it

[NPCexe]

All russian energy will go to China. Every single drop. Just like iran managed to survive a sanction environment. I think this is the beginning of a permanent Russo-Chinese independence

[Experienced]

Will take time for this to happen but YES. End result? Russia becomes a vassal state of China along with pretty much most other countries. Why? The difference between playing the long game and the short game.  Capitalism is all about making the next Q report numbers not long term sensible decisions. At my age I doubt I will live long enough to see this happen but I do fear for future

[auagntungsten]

Turdeau and the Liberals will take as much Taxes however they can get it but I'm not happy where they spend it....The Trudeau foundation is Flush ......

[mrbb]

The west (America and EU) got into this mess due to social engineering like anti oil, anti pipeline, carbon tax, ESG, restrictive financing, bloated regulation, and free money to accelerate solar and wind.  Now, your solution is to introduce more social engineering to fix it?. When time are bad for oil and gas sector, gov't didn't give a hoot. Now the oil and gas shining again and you

[Oldnagger]

Please , never go there . The NEP was an unmitigated disaster for many years and resulted in many suboptimal investment decisions. Hardly what we need to bring energy costs down for the future. As far as a new world order goes Russia and China are at opposite ends of the energy spectrum. Are we really going to see cargoes of Ural Crude going to China passing Cargoes of Saudi Crude going to Europe

[Clemxb7]

Russia is now China's b%tch. Asymmetric relationship - not equals - thanks to Putin Russia is nation non grata with much reduced power and options.

[jx7000]

If what Dr. Yuri Felshtinsky said today (in the last half hour) of the Roy Green show comes to fruition, then this whole discussion becomes academic. Nothing will matter anymore.

[stwatcher]

We are closer than anyone realizes

[Davesnothere]

Thanks MC. Great read.