Post by
Obscure1 on Apr 10, 2023 3:33pm
Wednesday
"Michael S. Regan, the administrator of the Environmental Protection Agency, is expected to announce the proposed limits on tailpipe emissions on Wednesday in Washington."
No worries for Suncor as the auto makers will likely ignore the Jan 1, 2027 Washington deadline just like they ignored the Chinese July 1, 2023 deadline. Actually, the auto makers are already desperately moving their efforts to EV production, but they will never tell the suckers (sorry, their customers) until the last possible moment when they will announce once-in-a-lifetime deals on your favourite brands.
The "ignore it and it will go away" strategy worked out well for legacy automakers as almost all of the ICE dealerships in China have closed. The few dealerships that remian have 4 million cars heading to offshore auctions in the coming weeks.
EV's don't really matter to Suncor as the company doesn't rely much on gasoline sales. Oh wait!
Despite the fact that gasoline sales in Suncor's primary markets are going to steadily decline in 3 years (when 15 million new ICE vehicles per year stop being pumped into the USA economy) SU can rely on old cars to buy their gas. In addition, TMX will save the day by shipping Suncor products overseas. Based upon its stellar track record, surely SU can beat out CNQ and the other producers for the 600,000 bpd capacity that TMS will be bringing online. Oh wait!
Surely SU will be able to find a buyer for its oil in China and elsewhere and find a way to ship the oil as countries like Saudi Arabia and Russia won't even bother to compete. Oh wait!
No worries. SU has it all figured out. They just need to keep sending that $0.52 every three months. What could possibly go wrong?
Comment by
meritmat on Apr 10, 2023 3:46pm
And see it scraped when the Rep get in, in 2024
Comment by
wreckhouse on Apr 13, 2023 8:27am
The rise of clean energy presents investors with an opportunity This is a article for all to read in the globe & mail today . Don't fight the tape " . Thanks Experienced . BCRNW
Comment by
jx7000 on Apr 13, 2023 11:19am
With respect to the US EPA's proposed limits on tailpipe emissions, what exactly are they trying to accomplish when China is building more than half of the world's new coal power plants (from April 2022)?
Comment by
Experienced on Apr 13, 2023 1:51pm
Yep... Essentially all they are going to accomplish is to further China's ambition to be the dominant world power before the end of this Century. All Government interference ever accomplishes is to screw up the natural forces using taxpayer money and then tax people again to clean up the mess afterwards.