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re: WSJ: Tariffs Won’t Sink Canadian Oil Companies
Posted on 2/2/25 at 1:35 pm to ragincajun03
Posted on 2/2/25 at 1:35 pm to ragincajun03
quote:
which more than 80% ended up in the U.S. But the dependency goes both ways. About 60% of U.S. crude-oil imports are from Canada,
They use percentages because it skews the numbers and normal Americans aren’t good at math.
We process around 22MM of barrels a day. Of that 3.5MM to 4.5MM are from Canada.
15%-20% of total oil b/d must not have sounded as scary as 80% of the amount we import.
0
Posted on 2/2/25 at 1:37 pm to Rashcock
b
Posted on 2/2/25 at 1:41 pm to ned nederlander
20 months until the midterms, when the incumbent party will face the voters
Mexico and Canada cant possibly hold out that long
Mexico and Canada cant possibly hold out that long
This post was edited on 2/2/25 at 1:42 pm
Posted on 2/2/25 at 1:43 pm to TBoy
quote:
There are no winners
I bet this will age well
Posted on 2/2/25 at 1:55 pm to ragincajun03
Why would we trust the WSJ on this topic? What should we trust this journalist to be correct?
quote:
Jinjoo Lee is a New York-based columnist for Heard on the Street covering the retail and energy sectors. Before joining the Journal, she reported on energy sector deals for industry publication SparkSpread. Jinjoo is a graduate of Cornell University, where she studied policy analysis and management. She got her first crack at journalism writing and editing for the Cornell Daily Sun.
This post was edited on 2/2/25 at 1:58 pm
Posted on 2/2/25 at 2:04 pm to Kjnstkmn
Wow that was fast:
Canadian food companies plan to expand production to U.S. as tariffs loom
But I thought the tariffs were just going to make everything more expensive and hurt American consumers?
Loading Twitter/X Embed...
If tweet fails to load, click here. Canadian food companies plan to expand production to U.S. as tariffs loom
quote:
Flourish Pancakes and Mid-Day Squares are rare examples of successful Canadian startups manufacturing and delivering food products consumers can readily prepare and eat. But with U.S. sales either the largest or fastest-growing part of their businesses, neither believes they can withstand the 25-per-cent tariffs President Donald Trump has said are coming Feb. 1 without making changes to their operations. Canada’s second-largest pancake mix brand and a pioneer of high-protein refrigerated snacks are looking to expand production across the border to serve the U.S. market from within that country, mirroring a KPMG survey that found almost half of Canadian businesses plan to move more investment and operations to the U.S. The homegrown companies are not happy but feel they have no choice.
But I thought the tariffs were just going to make everything more expensive and hurt American consumers?
This post was edited on 2/2/25 at 2:22 pm
Posted on 2/2/25 at 2:07 pm to Eighteen
quote:
Why would we trust the WSJ on this topic?
I don't think I stated anywhere in my OP or other comments that you should. I honestly don't know what the fallout will or could be IF these tariffs are applied to oil coming in from Canada, though if President Trump is listening to his close allies Harold Hamm and Energy Secretary Nominee Chris Wright, then whatever he decides to do here likely won't be some willy nilly thing that'll screw our country's energy needs.
I've posted articles and op-eds here in the past that I agree with, disagree with, and am neutral on. Me posting it isn't necessarily a personal endorsement (which is worth less than a grain of sand), but merely something I find interesting and am curious the thoughts of others. Plain and simple.
Posted on 2/2/25 at 2:11 pm to tiggerthetooth
quote:
Do you think Mexico and Canada are doing fine? They can afford this even less.
More often than not, the side with more to lose has the greater pain tolerance.
The leader of much, much larger border nation saying you wont exist and should be annexed will really focus the senses and create espirit de corps on the home front.
The US meanwhile isn’t putting its nuts fully on the line in any way. This is a fight on convenience for the US, and the US consumer has zero appetite for price inconvenience.
Posted on 2/2/25 at 2:16 pm to ragincajun03
It doesn’t matter what we do to tax energy imports. Canada could tax energy exports and we’d be fricked.
They’re going to hold onto that card until trump gives them no choice.
They’re going to hold onto that card until trump gives them no choice.
Posted on 2/2/25 at 2:16 pm to brass2mouth
quote:
Depends. If American production comes back on line I think we win.
Of oil?
We are already producing more than ever. A shitload more than we averaged during the last trump admin.
Posted on 2/2/25 at 2:19 pm to lostinbr
quote:
“Comes back online”? We are the largest producer of crude oil in the world.
Some people just parrot shite they read off a facebook meme without knowing if it's actually true or not.
Posted on 2/2/25 at 2:20 pm to Hateradedrink
quote:
It doesn’t matter what we do to tax energy imports. Canada could tax energy exports and we’d be fricked.
Possibly, but damn. Do they not want to be serious in helping us control cartel movement?
We're supposed to be allies.
Posted on 2/2/25 at 2:25 pm to ragincajun03
Send it. This is a fight I look forward to.
Posted on 2/2/25 at 2:32 pm to ragincajun03
America should not resort to some Westmoreland-esque half-measures in this fight. We need to bring Canada down to its knees.
In less than 1 week, I want all 10 provinces BEGGING to be brought into the USA as states.
Don't get me wrong, many Americans will be lost in this fight. But if we stick together, we can win.
Here are some recommendations:
1. Instead of P---Hub, substitute with your dad's vintage Penthouse collection.
2. Instead of Molson's Beer, substitute with cold, refreshing Florida Concentrated Orange Juice.
3. Instead of the Rick Moranis Honey, I Shrunk the Kids film series, subsitute with the American TV series starring Peter Scolari.
We can do this. We have the power. I call upon SEC parents to urge their children's universities to Disclose and Divest from Canadian companies like Royal Bank of Canada, Shopify, and Lululemon.
Together, we can beat this Canadian scourge.
In less than 1 week, I want all 10 provinces BEGGING to be brought into the USA as states.
Don't get me wrong, many Americans will be lost in this fight. But if we stick together, we can win.
Here are some recommendations:
1. Instead of P---Hub, substitute with your dad's vintage Penthouse collection.
2. Instead of Molson's Beer, substitute with cold, refreshing Florida Concentrated Orange Juice.
3. Instead of the Rick Moranis Honey, I Shrunk the Kids film series, subsitute with the American TV series starring Peter Scolari.
We can do this. We have the power. I call upon SEC parents to urge their children's universities to Disclose and Divest from Canadian companies like Royal Bank of Canada, Shopify, and Lululemon.
Together, we can beat this Canadian scourge.
Posted on 2/2/25 at 2:34 pm to Kjnstkmn
"Will there be some pain? Yes. Maybe, and maybe not."
Brilliant sentence there.
Brilliant sentence there.
Posted on 2/2/25 at 2:55 pm to NedReyerson
quote:
NedReyerson
Posted on 2/2/25 at 3:25 pm to TBoy
quote:not on your team at least.
There are no winners
Melt day 89
Posted on 2/2/25 at 5:14 pm to ned nederlander
quote:
On paper sure. In reality the US will more than likely reverse course before the other two nations seek to renegotiate.
Wanna bet?
Posted on 2/3/25 at 4:34 pm to TBoy
quote:
There are no winners
Seems like we’re winning, LowTBoy
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