Tariffs and Potential Inflation

[noharleyyet]

You are showing your age. I first saw that on a sweatshirt that a female clerk was wearing at a convenience store, nearly fifty years ago. It left me slack jawed, at the time. My takeaway was, she likely wasn't inclined to like me.

This morning as I was driving to the gym, so not to skip leg day, I passed the gas station where I purchase gas and diesel. Diesel is the price that always catches my eye. It was up roughly 40 cents from a few days ago. I guess I could saw thanks Donnie.

I have to admit it is pretty impressive how much thought went into the pardoning of all of the January 6 patriots.

Guess she didn't like Canadian lectures either.

 

[406dn]

Guess she didn't like Canadian lectures either.

Likely not. I edited my post to show the entirety of her statement.

A woman needs a man, like a fish needs a bicycle.

It did get my attention.

 

[noharleyyet]

Likely not. I edited my post to show the entirety of her statement.

A woman needs a man, like a fish needs a bicycle.

It did get my attention.

Cool story...shitty ending but I knew it was coming.

 

[406dn]

TBH I'm fine with Trump putting Tariffs on us. We can shut off all LNG, Crude Oil and Hydro. 60% of the US's domestic crude consumption comes from Canada. How long will people last when it $6-7.00/gallon? you don't have the reserves to stabilize the domestic market. I'd also be fine with closing down the Eastport, Sherwood, Sumas, Port of Morgan, Noyes etc. LNG Pipelines next week. The Asian market will give us a better deal. We're in the process of adding more pipelines for crude and LNG because of these policies in order to bypass dealing the the States anyways.

These tariffs are just going to hurt the American people more then the rest of us. It's sad that they're reverting back to the isolationist policies of the 20's and 30's. While stabbing all your Allies in the back.

I don't think Canada supplies quite that much of our oil needs, but it is substantial. I'm a retired refinery worker and I'd guess your number is close to what our refinery used. Given the refinery is in Montana, we are kind of a one off.

We stabbed you in the back concerning the Keystone pipeline. That would have gotten Canadian crude to the world market.

As your comments suggest, one of Canada's challenges is getting full market value for its vast oil reserves. We should have helped you do that.

 

[jryoung]

TBH I'm fine with Trump putting Tariffs on us. We can shut off all LNG, Crude Oil and Hydro. 60% of the US's domestic crude consumption comes from Canada. How long will people last when it $6-7.00/gallon? you don't have the reserves to stabilize the domestic market. I'd also be fine with closing down the Eastport, Sherwood, Sumas, Port of Morgan, Noyes etc. LNG Pipelines next week. The Asian market will give us a better deal. We're in the process of adding more pipelines for crude and LNG because of these policies in order to bypass dealing the the States anyways.

These tariffs are just going to hurt the American people more then the rest of us. It's sad that they're reverting back to the isolationist policies of the 20's and 30's. While stabbing all your Allies in the back.

Canada is 60% of our imports, not our consumption.

 

[elkduds]

Record big oil profits each year answer all my questions about the effects of federal policy on supply and price to consumers.

 

[Sytes]

TBH I'm fine with Trump putting Tariffs on us. We can shut off all LNG, Crude Oil and Hydro. 60% of the US's domestic crude consumption comes from Canada. How long will people last when it $6-7.00/gallon? you don't have the reserves to stabilize the domestic market. I'd also be fine with closing down the Eastport, Sherwood, Sumas, Port of Morgan, Noyes etc. LNG Pipelines next week. The Asian market will give us a better deal. We're in the process of adding more pipelines for crude and LNG because of these policies in order to bypass dealing the the States anyways.

These tariffs are just going to hurt the American people more then the rest of us. It's sad that they're reverting back to the isolationist policies of the 20's and 30's. While stabbing all your Allies in the back.

Half your country would oppose your thoughts while living in Florida half the year...

 

[BigHornRam]

Record big oil profits each year answer all my questions about the effects of federal policy on supply and price to consumers.

All those record big oil profits sure don't seem to help their stock any.

 

[TheJason]

It looks different if you look broader.

 

[Hilljackoutlaw]

What's the goal of the Tariffs?
How many countries Tariff the USA and what's their goal?

 

[BigHornRam]

It looks different if you look broader.

View attachment 357894

Yeh. 2020 was when the price of oil tanked due to covid. So did oilstocks. 65% improvement since then. 170% increase in Netflix stock in same time period.

 

[BigHornRam]

It looks different if you look broader.

View attachment 357894

S & P over same period of time, has done better.

 

[brymoore]

S & P over same period of time, has done better.
View attachment 357902

I’m riding that roller coaster!

 

[Sytes]

I’m riding that roller coaster!

Not much of a roller coaster - been a joy to ride - uphill.

 

[406dn]

Regarding Exxon's stock, that happens to be the company from which I retired. Not included in those charts is the dividends that have been paid. The yield varies, of course, with the stock price, but it augments the total return substantially. It has been nice to have in retirement.

Even before I ever began working for them, my answer to people complaining about oil companies bending them over, has been anyone can buy shares and get on the supposed gravy train.