Suncor Energy Inc T.SU

Thiers a storm brewing

[Franman184]

Looks like the US goverment is pointing the finger at Fatih Birol of the international energy agency for not providing accurate facts. Looks like he was leaning to favour the climate agenda. The supply demand forecast could be alot worst than most people have been led to belive. The lack of investment is about to hit hard in the next few months and years. I worry about demand destruction should oil exceed $120 and above. I think we are all better off to be in the $75 to $90 range. Do you want a quick buck or big profits over a longer term.

[Marty47]

First you don't need to worry , when grand ma will go on tv telling its expensive filled up her hummer , government around the world will start putting windfall tax , junk meat singalong will yap yap yap about oil companies making billions and need to pay their fair shares , opec+ will secretly cheat and pump more and within 2 months oil will be back down , the news will pump Guyana record oil

[Franman184]

The USA can not hide the rapid decline of shale oil in the permian for ever.When adjusted for inflation the pre shale boom price of oil is about $120 a barrell today.