Suncor Energy Inc T.SU

The Decline and Fall of the Roman Empire

[MigraineCall]

The Roman Empire failed as a result of a food crisis, made worse by efforts to control it. Seems similar.

As we celebrate our foresight to own Suncor and other producers during this bull oil market, the high cost of energy is creating much higher costs in food production. Fertilizers, planting, harvesting, shipping, and affordability are putting us on a similar path.

Throw in a few more black swan events like war, climate change, pandemic, and who knows whats next, and we may be going the way of the old Romans.

Here's an excerpt written 240 years ago in 1781 that I found interesting, and gives us something to think about, in the oil markets.

We subsidize some with fuel caps, while penalizing others with carbon taxes. We sanction some, while allowing others to buy, refine, and sell it back to us at hefty profits. We restrict production in our own country, yet purchase from brutal regimes.

Those that fail to learn from history are bound to repeat it.

[RagingBull3]

USA losing control over Oil Price, the shift away from the use of USD, trade sanctions.... TRIPLE Whammy..... Ironically, all happening because of the actions of the US government and the Federal Banks.   There's a reason why the Banking System was kept seperate from Government/political influence.  Worse thing USA could have done to the USD was using it as a weapon against

[mrbb]

you aren't qualify to make economic discussion, it is outside your league Who weaponized the USD? the gov't. actions of US gov't is reflected by the fed policy as it's the gov't that APPOINTS the fed chairman

[RagingBull3]

This "appointment" is all smoke and mirrors..... so that small minded people like you believe the government (and there by extention the citizens) are in control, to install TRUST in the system. But do you notice....The FED tells the government WHAT THEY PLAN TO DO..... NOT the Government TELLING the FED what to do.   But lately, yes, the FED does seem to be unduely influence