patrick.net

OkDOGEisAmountingToSomething says

Wrong, wrong, wrong. Canadian oil is purposely mixed in.

Because there is no tariffs, duh. Once tariffs are in play the oil destined for transit won't be mixed, duh. As stated above there is no technical obstacle for shipping Canadian oil via pipeline networks w/o mixing it with any other.

You're making an ass of yourself in this thread.

'Eric Holder says

Because there is no tariffs, duh...

As stated above there is no technical obstacle for shipping Canadian oil via pipeline networks w/o mixing it with any other.

No. Because the mixed in oil is preferred by our refiners. And since that is happening, there is no way to separate what Canadian oil is merely "passing through" vs being delivered to a US consumer - unlike how one can nominally do so via the batch scheduling for other oil types.

Again: learn to read.

What can be technically done vs what is actually being done are two different things.

You guys were caught red handed trying to pitch the BS that it wasn't. Then you try to pitch more BS in a lame attempt to avoid talking about that because you don't want to admit you were flat out wrong.

That's called 'intellectual dishonesty' if you are doing it on purpose.

It is called 'being an ignorant moron' if you are not.

Just like on the Ukey threads.

Patrick says

I'm on the edge of marking the last two comments as personal.

Let them go at it. Neither are likely in the oil industry and just searching. Both are probably wrong. Similar to real estate threads. They're oil fluffers now.

I think it's funny when people talk about stuff they know nothing about or haven't experienced it at some level. I get shit on in real estate threads by a lot of users that know nothing about the industry at all. Just clickbait bull shit they buy into. I appreciate users that ask questions. I want to see where this goes to be honest as I know neither of them knows dick about the oil industry.

WookieMan says

I think it's funny when people talk about stuff they know nothing about or haven't experienced it at some level.

Then you must laugh a lot over your own comments.

Patrick says

I'm on the edge of marking the last two comments as personal.

Haha.

https://nypost.com/2025/03/11/us-news/ontario-suspends-25-electricity-surcharge-for-us-customers-after-trump-ups-aluminum-steel-tariff/

Ontario suspends 25% electricity surcharge for US customers after Trump ups aluminum, steel tariff

The Tariff Act of 1789 was the first major piece of legislation passed in the USA after the ratification of the United States Constitution. Signed into law by GEORGE WASHINGTON, July 4th, 1989.

Since the 90s, think tanks right and left and libertarian have lied to Americans that Tariffs, which built this country, financed the country and kept us at low/no debt for a century and a half, was somehow alien to our "Spirit", "Anti-American", and "Obsolete". Worse, that it started the Great Depression, or kept us from being "Competitive", when in actuality we industrialized and dominated entire global markets with our exports, with big beautiful tarrifs - BBTs

https://x.com/DC_Draino/status/1907606593509769654

https://x.com/overton_news/status/1907610110320386239

The_Deplorable says

https://x.com/overton_news/status/1907610110320386239

Block how? Japan has no tariff on US-made cars.

Booger says

If getting out of Afghanistan was so good why everybody is so upset about 13 dead Marines, abandoned $80B worth of military hardware and $1B embassy building, not to mention humiliation?

It's the execution, duh.

The act of taking a piss consists of very simple steps: unzip, pull out, pee, tuck in, zip up. Try doing it in a different order and hilarity will ensue.

RWSGFY says

It's the execution, duh.

Done as well as possible given Congress and Activist judges. We have no time to waste. Stock Market was due for a correction + Demographic pressure as Boomers start drawing down.

Exactly what I voted for, action today, not "Just give us a few more seats in the next election". It's shocking how massive GOP majorities were in this Century (with an R President!) but jack and shit got done.

https://www.public.news/p/indifference-to-working-people-behind

AmericanKulak says

Done as well as possible given Congress and Activist judges.

If Congress and activist judges were able to do anything about it (I doubt it) the shit would be reversed and all the pain of layoffs, inflation and even possible stagflation would be for nothing.

And if they are unable, there is no exuse to doing it like that. If he wanted new manufacturing plants in the USA they can't appear overnight. And companies whose valuation was slashed 20-50% will be less able to raise capital to buld them.

Eric Holder says

. If he wanted new manufacturing plants in the USA they can't appear overnight.

Great, all the reason to start today. The journey of 1000 miles begins with the first step.

Eric Holder says

And companies whose valuation was slashed 20-50% will be less able to raise capital to buld them.

If there's one problem the US doesn't have, it is large scale capital financing. When Europeans and Chinese firms come begging, the question will be "But what if tariffs increase? Nah, we'll lend to Ford."

Ford has almost $40B in cash on hand. Tesla also. Amazon has $100B, Berkshire (which owns a ton of companies, #1 RVs mfgs, Louisiana Pacific including essential material IP and production like roof truss plates, etc. etc.) has over $300B in CASH. Brookfield Holdings (lots of Scientific Tool holdings) $20B and many, many others.

You know what happens when you have tens or hundreds of BILLIONS in cash? You finance yourself, or banks fall over themselves to lend at the lowest rate, esp. if they want to diversify out of foreign manufacturers facing tariff environment changes
https://www.tradingview.com/markets/stocks-usa/market-movers-highest-cash/

AmericanKulak says

Great, all the reason to start today. The journey of 1000 miles begins with the first step.

If I have to run 1000 miles I'd rather do it without first being shot in the knee.

RWSGFY says

The_Deplorable says

https://x.com/overton_news/status/1907610110320386239

Block how? Japan has no tariff on US-made cars.

There are other barriers to selling foreign made cars in Japan.

Do you support the same tariffs on Japanese cars as they have on American rice??? -- That's 700%

https://x.com/CharlieShrem/status/1907785903877087578

https://x.com/arva61138/status/1907890258244518142

https://x.com/WatchdogTh96012/status/1907858764612489226

RWSGFY says

Block how? Japan has no tariff on US-made cars.

@RWSGFY

I just looked it up. They do have a modest 2.5% tariff on US cars, but have been accused of using regulations to keep US cars out:

Regulatory Standards: Japan has specific safety and environmental standards for cars that are often more stringent than those in the U.S. For example, Japan has unique vehicle size requirements and safety regulations that are sometimes difficult for foreign manufacturers to meet without significant modification. U.S. automakers have had to make adjustments to meet these standards, which can be expensive and time-consuming.

Misc says

There are other barriers to selling foreign made cars in Japan.

Right, that.

Patrick says

Since 8% of the population owns 94% of stocks...I'll let you figure out what the tax on them has been over the last 2 days.

Misc says

Since 8% of the population owns 94% of stocks...I'll let you figure out what the tax on them has been over the last 2 days

Yeah I remember the Yahoo Finance article published in 2024 about this.

https://finance.yahoo.com/news/wealthiest-10-americans-own-93-033623827.html

Also there is a recent article that the top 10% account for 50% of consumer spending.

So if the top 10% see somewhat of a drop in their assets, how does that impact the working class who are concerned about making the next rent payment ?

How would it impact inflation ? I mean it's not going to drop the cost of eggs, milk, Walmart clothing, cheap Chromebooks because a significant decrease in demand from the top 10%

AD says

How would it impact inflation ? I mean it's not going to drop the cost of eggs, milk, Walmart clothing, cheap Chromebooks because a significant decrease in demand from the top 10%

The mainstream media has been given its marching orders to continuously and repetitively as possible say that the tariffs are inflationary. I find it nauseous at the pure propaganda involved.

Raising taxes is deflationary. Period, because it takes coin out of the system. While certain items may increase in price, the overall price level will decrease all else being equal.

Misc says

The mainstream media has been given its marching orders to continuously and repetitively as possible say that the tariffs are inflationary

I still see Mitsubishi Eclipse Cross (a small SUV) advertised on social media for around $24,000.

Will wait and see by also checking over next 18 months the prices for cheap Chromebook prices, lumber prices at Home Depot, etc

https://x.com/nicksortor/status/1908234227474104648

https://x.com/DerrickEvans4WV/status/1908322429358788785

https://x.com/JimFergusonUK/status/1908431783000993956

https://x.com/VigilantFox/status/1908535796438610335

https://x.com/GeorgePapa19/status/1908212617036128400

https://x.com/LangmanVince/status/1909565870818328873

The_Deplorable says

https://x.com/LangmanVince/status/1909565870818328873

Excellent point. The RETAIL price is not what's tariffed. It's the price to the importer that's tariffed.

Her reasoning is correct but her numbers are wrong.

The labor cost is probably around $10, but the value of the BOM cost is a few hundred dollars. Thus the taxable value may be $400. At 150% tariffs duties will be $600. Had they built factories in the United States labor might have been $100 (I'm completely making up this number) and Apple's profit would not have been significantly different.

The rhetoric used is incorrect. Trump is not taxing China, he is taxing companies that import from China. The politicians who facilitated trade with the communists, those who made it unprofitable for companies in Free countries to compete with them, and to some extent the leaders of the companies that trade with the commies, even though there are alternatives, are enemies of the People of the United States.

I saw some reports that Trump might make exceptions for some companies, which is more than unfortunate. He could make exception by HTS code, but not to a particular importer -- that sounds like corruption. He should have kept the tariff at maybe 50%, or some other number which is high enough to encourage moving production to Free countries, or alternately high enough to bring in significant revenue.

yawaraf says

The politicians who facilitated trade with the communists

🤡🤡🤡

"The American people support this agreement because they know it's good for jobs in America . And good for human rights. And the development of democracy in China."
Bill Clinton, 10 October 2000
https://www.c-span.org/.../trade-relations-with.../105973

I wonder if China can control Vietnam and other countries during this 90 days pause on tariffs.

I think Trump believes tariff blitzkrieg and shock and awe can get countries like Vietnam and South Korea to agree to decrease the trade deficit.

It's as though Trump is rushing to beat some deadline like the November 2026 midterms and/or to enact enough reforms such as with trade so that the next President, if Democrat, cannot undo or reverse them.

I was surprised too by Trump's sense of urgency as I thought he's moderately transition to address national security issues such as set up Defense Health Agency to create antibiotic and medical equipment manufacturing facilities run by universities, and even re-open government-owned shipyards to build navy and coast guard ships.

But as far as "micro electronics" I remember walking a Raytheon facility in the Virginia Tidewater region which manufactured electronics including circuit boards for the Navy such as for its AEGIS Ballistic Missile Defense program.

I doubt any Chicom designed and manufactured electronics is part of the Pentagon's weapon systems and platforms like nuclear submarines, F-22's and F-35's, not like USA infrastructure which was hacked by Chicoms recently.

.

More like 110 years…