| | | Yup, higher oil prices (and thus higher gasoline prices) are all but baked in to our near future. Any spare production capacity held back by OPEC+ will be quickly gobbled up as the world gets back to "normal", since nobody seems to be spending much on exploration.
All the talk of an electric car "now" is just talk. It will take years, as others here have said,
Consume oil now or go hungry, don't get to work, don't go on vacation and bake or freeze, depending on your location.
Suncor has been taking it on the chin lately, mostly due to an unplanned maintenance shutdown. The stock is down sharply and is a ripe cherry for any discerning portfolio. The dividend is solid and growth potential is huge 6 months out.
All IMHO, of course. Trudeau, the selfie king, could still mess it all up for us. |
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