Suncor Energy CEO Predicts Failure of Some U.S. Oil Refiners By Joe Carroll Oct. 23 (Bloomberg) — Some U.S. refiners may be forced to shut plants and go out of business in coming months as declining demand aggravates narrowing fuel-production margins, said Suncor Energy Inc. Chief Executive Officer Rick George. U.S. oil refiners will also sell facilities, George said today during a conference call with investors and analysts. “There will be some real fire sales,” said George, who leads the world’s second-largest oil-sands …

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If I were asked to recommend an energy advisory team for the next President I’d start with Robert Hirsch.   Hirsch is a defense planning expert who has headed up major consulting assignments for the Defense Department among other clients and in 2005 published a major study of the impacts and potential mitigation of Peak Oil.  It famously forecast that a successful transition from oil dependency would need to start 20 years before oil production peaked. In the interview below published on a web site operated by Allianz, …

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Suncor Energy Inc. (SU) and Syncrude Canada Ltd. have individual royalty deals with the government of Alberta, which set the two oil sands giants apart from the rest of the industry read full article

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