Tariffs and Potential Inflation

[SAJ-99]

Biden was in a tough position between a rock (far left eco's) and hard place (legacy energy kingmakers).

And Trump is stuck between a promise to voters for lower energy prices and those same energy kingmakers who want to make more profits.

Yea because lowering the price of something that goes against your handlers entire agenda is a brilliant idea....be real man.

My Ass!

@SAJ-99 i also love how you refer to all these things as if Biden was actually doing them. The guy was a signature that's it nothing else.

Same can be said of our current President. All the things he didn't do in first term were because of the Deep State, or something.

“It's Easier to Fool People Than It Is to Convince Them That They Have Been Fooled.” – Mark Twain.

 

[Alpine01]

Yeah, you are right. "My ass" is a solid argument and I am convinced. A first term president would never want to lower the price of the most commonly purchased commodity.

The only time Biden wanted to lower gas prices was to get Dems re-elected in 2022. He gutted the SPR to do so. Biden and his Admin (mostly his handlers since Day 1 as the US public is now finding out BTW) were anti-fossil fuels and pro-Green Energy. Claiming otherwise is disingenuous at best.

But all of this is somewhat tangent to the thread unless you want to link Canadian oil imports that may be subject to a tariff. On that point, I think the tariffs with Canada relative to oil imports are likely not a good idea. US refineries tooled for heavy crude decades ago. US oil is lighter and sweeter than Canadian oil and US refineries really aren't geared to process US oil. Hence large exports as the graph you showed above indicates. The US exports the lighter oil and then imports processed products (e.g., gas). US refining will suffer increased costs with tariffs on Canadian oil and those increased costs will be felt by the end users. Again - try digging a little deeper than MSM talking points.

 

[noharleyyet]

 

[BigHornRam]

Seriously, what is your point? There were plenty of other leases done. Example below. They announce them all on the website including the prices. CBD is just claiming some victory to make membership feel good.

Lease Sale 261

#b

www.boem.gov

You said: "My point was there was no “war on oil” and big oil was never “hamstrung” in any way. "

I just showed you where Biden cancelled oil lease sale. Are you that thick?

After Biden cancelled the lease sale, drillers in the Gulf, packed up and left, for other places to work, like Guyana.

 

[SAJ-99]

The only time Biden wanted to lower gas prices was to get Dems re-elected in 2022. He gutted the SPR to do so. Biden and his Admin (mostly his handlers since Day 1 as the US public is now finding out BTW) were anti-fossil fuels and pro-Green Energy. Claiming otherwise is disingenuous at best.

Sooo...I'm right, but disingenuous because you accuse me of claiming something that I never claimed and actually wouldn't argue against? You are making me think you just want to argue.

Don't argue against your second paragraph either. But you may want to check with some other posters on the thread because they are giving out bad info while trying to take the same position as you. The funny part is, I'M HEAVILY INVESTED IN US O&G. But the bullshit is getting thick in this thread, so I will slip out the side door until we get some tariff news.

 

[Hilljackoutlaw]

“It's Easier to Fool People Than It Is to Convince Them That They Have Been Fooled.” – Mark Twain

Read it

 

[Nick87]

You are making me think you just want to argue.

I mean, isn't that why we are all here?

 

[noharleyyet]

Sooo...I'm right, but disingenuous because you accuse me of claiming something that I never claimed and actually wouldn't argue against? You are making me think you just want to argue.

Don't argue against your second paragraph either. But you may want to check with some other posters on the thread because they are giving out bad info while trying to take the same position as you. The funny part is, I'M HEAVILY INVESTED IN US O&G. But the bullshit is getting thick in this thread, so I will slip out the side door until we get some tariff news.

...only 207 more weeks

 

[406dn]

You said: "My point was there was no “war on oil” and big oil was never “hamstrung” in any way. "

I just showed you where Biden cancelled oil lease sale. Are you that thick?

After Biden cancelled the lease sale, drillers in the Gulf, packed up and left, for other places to work, like Guyana.

Exxon began looking at Guyana well before Biden came into office. It was 2015, to be more exact. Anything Biden did or did not do, changed Exxon's interest in Guyana. They are interested because the discovery is huge, close to domestic refineries and cheap enough to make it very profitable.

Guyana: ExxonMobil's Perfect Asset | Journalismfund Europe

GEORGETOWN - This investigation offers a deep dive into the financial tricks ExxonMobil employs to turn Guyana into its perfect oil province.

www.journalismfund.eu

Exxon and other major oil companies are well adept at managing political changes. The biggest attractions are how much oil and how much cost. If there is a lot of oil, and the cost of production is good, the lobbying department will most often get any roadblocks cleared.

 

[brymoore]

I don’t think any president can affect oil prices too much. The oil price movements are from other factors than the president.

 

[406dn]

...only 207 more weeks

Thanks, 207 weeks sounds better than 1400+ days.

 

[noharleyyet]

Thanks, 207 weeks sounds better than 1400+ days.

...so you're saying Vance has 2096 days left?

 

[BigHornRam]

Exxon began looking at Guyana well before Biden came into office. It was 2015, to be more exact. Anything Biden did or did not do, changed Exxon's interest in Guyana. They are interested because the discovery is huge, close to domestic refineries and cheap enough to make it very profitable.

Guyana: ExxonMobil's Perfect Asset | Journalismfund Europe

GEORGETOWN - This investigation offers a deep dive into the financial tricks ExxonMobil employs to turn Guyana into its perfect oil province.

www.journalismfund.eu

Exxon and other major oil companies are well adept at managing political changes. The biggest attractions are how much oil and how much cost. If there is a lot of oil, and the cost of production is good, the lobbying department will most often get any roadblocks cleared.

This is a good read for you.

Exxon Almost Walked Away From Its $1 Trillion Oil Discovery

A few geoscientists pushed a reluctant energy giant to take a chance on Guyana.

financialpost.com

 

[406dn]

...so you're saying Vance has 2096 days left?

Now you're over your skis a bit.

 

[Nick87]

I don’t think any president can affect oil prices too much. The oil price movements are from other factors than the president.

No but they sure like to take the credit when it's down. All of em.

 

[noharleyyet]

Now you're over your skis a bit.

Scared ya though...

 

[Alpine01]

I don’t think any president can affect oil prices too much. The oil price movements are from other factors than the president.

I would tend to disagree (but not trying to start an argument ). Taxation, subsidies, regulations, energy policies, etc. are all at any Presidents disposal to impact supply and demand which translates to an end cost to the consumer of oil related products; both pro-O&G or anti-O&G. State governments do the same thing. And most states take their cue from the Federal Govt, again either in favor of or against depending on their political tilts. Just an observation, take it for what it's worth.

 

[406dn]

This is a good read for you.

Exxon Almost Walked Away From Its $1 Trillion Oil Discovery

A few geoscientists pushed a reluctant energy giant to take a chance on Guyana.

financialpost.com

Thank you, that was very interesting.

 

[BigHornRam]

Orange man wants to lower oil price. Time will tell if this strategy works.

Trump publicly calls on Saudi Arabia to lower oil prices for Ukraine

Yuri Kobzar18:31, 23.01.25 The American president is surprised that this has not been done before. Low world oil prices will help end the war in Ukraine , so Saudi Arabia, one of the world’s …

ukrainetoday.org

 

[BigHornRam]

Orange Man tariff news in this one.

Uniper: More U.S. LNG Flows to Europe Will Relieve Gas Markets | OilPrice.com

Trump advocates for increased U.S. LNG exports to Europe, promising relief for German energy costs while reshaping global gas markets.

oilprice.com