Suncor Energy Inc T.SU

The other Russian shoe drops

[Obscure1]

It looks like Russia and India are finalizing deals for Russia to supply India with nat gas on favourable terms.

All that remains is working out the details of how to work around SWIFT. 

The new China/Russia/India triumvirate encompsassing 1/3 of the world's population looks like it can and likely will be able to eliminate both SWIFT and the US dollar from their day to day dealings.

The big picture is coming into focus.  China  and India can now move into the future with guaranteed supply on favourable terms and potential ownership from the companies that are abandoning their ownership in Russia.

I wouldn't be surprised to see Russia expand its gas and oil business over time to strengthent ties with China and India.  How long will it be before a new pipeline is announced the moves Russian gas through China to India?

Don't think for one second that this wasn't all planned out in advance, including the invasion of Ukraine to provide Russia with the Ukraine's huge food supply.

I think the world is rapidly moving towards two teams where the Middle East will supply energy to both sides for as long as possible.  Will the rest of the world be forced to choose sides?  If so, which team will they choose?  China has a huge head start as they have been planning this for decades while Europe and American have been bickering over egos. 

I expect COP26 is going to be put on the back burner for awhile as Europe and the USA adjust to a new order

With Europe virtually out of oil and America sitting on only about 6 years of supply, I think Suncor should be in a pretty enviable position for many years to come as a dependable alternative to MBS and his gang.

[Experienced]

SWIFT is nothing more than a secure messaging system between banks.  It's power lies in the number of banks which use the system which provides a mechanism for just about anybody to transfer money between countries.  I personally have used it numerous times. Both Russia and China have equivalent systems.  The only real difference between their systems and SWIFT is the number of

[mrbb]

remember BRIC? It sure comes handy now. Sanction didn't change iran, north korea,  dunno why the west think it would work on russia with way more opitons. Canada, US, EU (~1 billion people) versus Russia, africa, south america, india, china (total ~ 6 billion people) who are not complying with sanction.  Who's hurting who?