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Message

re: These tariffs on China will kill the oil industry.

Posted on 3/22/18 at 5:55 pm to
Posted by auggie
Opelika, Alabama
Member since Aug 2013
30965 posts
Posted on 3/22/18 at 5:55 pm to
quote:

since they know we'll also be desperate for a deal.


Do you understand the term "buyers market"?
The U.S. is the largest market in the world for expensive items.
You have to see it from that standpoint,and realize the power that it provides.
Foreign Companies will trade their children to stay in the U.S. Market.
Posted by CorporateTiger
Member since Aug 2014
10700 posts
Posted on 3/22/18 at 5:55 pm to
I’m just separating mocking OP from my economic positions.
Posted by Turbeauxdog
Member since Aug 2004
24147 posts
Posted on 3/22/18 at 5:55 pm to
quote:

There's no question China is stealing intellectual property, but thinking putting tariffs on their imports is going to force a deal to have them join any of the treaties and discourage stealing the intellectual property is laughable.

They have legions of hackers that steal trade secrets as well, but again, putting tariffs on their imports will not force China into trying to prevent it.

They'll just go elsewhere.


We'll see who can last longer
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135699 posts
Posted on 3/22/18 at 5:56 pm to
quote:

There's no question China is stealing intellectual property, but thinking putting tariffs on their imports is going to force a deal to have them join any of the treaties and discourage stealing the intellectual property.
Correct, there is no question China is stealing intellectual property.

quote:

How about leaving less stuff in public records (like patents) that can be duplicated?
Unfortunately, you flashed your cards with this jewel.

So while there is no question China actively steals intellectual property, it is evident you attribute the theft to simple carelessness. Were that the case, every other country in the world would benefit from the same sloppiness. Given such an erroneous precept, one can understand your lax attitude in forcing different Chinese practices.
Posted by ForeverGator
Elite 8 - 2020 Worst SECRant Poster
Member since Nov 2012
13895 posts
Posted on 3/22/18 at 5:56 pm to
I still don't know the logic that putting tariffs on China is going to force them to enter into a deal for intellectual property.

The tariff costs will just get passed on to the consumer.

I hope you guys go and purchase some more Make America Great Again hats before the skyrocket in price due to these tariffs.
This post was edited on 3/22/18 at 5:59 pm
Posted by narddogg81
Vancouver
Member since Jan 2012
21912 posts
Posted on 3/22/18 at 5:59 pm to
China has been absolutely fricking us with completely unfair trade practices, uneven access to markets, requirements for local partnerships that give them access to trade secrets in order to do business in China, outright industrial espionage, price fixing, dumping, etc, etc, etc.. the idea that you can have fair and open trade under these circumstances is completely moronic. Free market factors do not work here because one side is using the peer of the state to manipulate every aspect of the relationship. We needed someone willing to unfrick our circumstances with China for the last 20 years.
This post was edited on 3/22/18 at 5:59 pm
Posted by Centinel
Idaho
Member since Sep 2016
44349 posts
Posted on 3/22/18 at 5:59 pm to
quote:

China would and will.

I hope you guys enjoy your $5 gas and $10 milk.


We get our gas and milk from china?

Posted by Scrowe
Louisiana
Member since Mar 2010
2939 posts
Posted on 3/22/18 at 5:59 pm to
The oil industry in a large part doesn't use Chinese steel in their facilities. Many AML's state "No Chinese steel".
Posted by GeauxxxTigers23
TeamBunt General Manager
Member since Apr 2013
62514 posts
Posted on 3/22/18 at 6:00 pm to
quote:

Good conversation with the sheep followers of Trump that a lot of you are? I didn't think it would happen, but I tried.

I mean you kinda had one going until you got pissy because people didn’t agree with you.
Posted by dkreller
Laffy
Member since Jan 2009
33463 posts
Posted on 3/22/18 at 6:00 pm to
The majors break even point is $30 deep water right now so...
Posted by ForeverGator
Elite 8 - 2020 Worst SECRant Poster
Member since Nov 2012
13895 posts
Posted on 3/22/18 at 6:00 pm to
It'll effect everything you purchase. Just examples.
Posted by Centinel
Idaho
Member since Sep 2016
44349 posts
Posted on 3/22/18 at 6:01 pm to
quote:

It'll effect everything you purchase. Just examples.


How does it affect gas and milk prices?

Details please.

Posted by narddogg81
Vancouver
Member since Jan 2012
21912 posts
Posted on 3/22/18 at 6:01 pm to
quote:

They have legions of hackers that steal trade secrets as well, but again, putting tariffs on their imports will not force China into trying to prevent it.
hacking is the smallest factor in their acquiring of trade secrets. Mostly they do it by requiring anyone doing business in China to form a local partnership with a Chinese company that then gains access to the us company's trade secrets and passes it on to the Chinese government
This post was edited on 3/22/18 at 6:02 pm
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135699 posts
Posted on 3/22/18 at 6:03 pm to
quote:

They'll just go elsewhere.
Where?

We certainly will go elsewhere. India, Korea, Taiwan, etc.
Hell, it might even cost US consumer 5% more.

Meanwhile, where will China find another Half-Trillion dollar per year purchaser?
This post was edited on 3/22/18 at 6:03 pm
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135699 posts
Posted on 3/22/18 at 6:04 pm to
quote:

hacking is the smallest factor in their acquiring of trade secrets. Mostly they do it by requiring anyone doing business in China to form a local partnership with a Chinese company that then gains access to the us company's trade secrets and passes it on to the Chinese government
Indeed.
Posted by roygu
Member since Jan 2004
11718 posts
Posted on 3/22/18 at 6:04 pm to
quote:

Considering I am an intellectual property attorney, I think I qualify much more than you retards on this subject.


Yeah? Sounds like you must work for the Chinese.
Posted by Turbeauxdog
Member since Aug 2004
24147 posts
Posted on 3/22/18 at 6:04 pm to
quote:

I still don't know the logic that tariffs is going to force them to enter into a deal for intellectual property


It's weird , you admit there is a problem, hate this remedy , and provide no alternate approach.

Is your recommendation to just accept it?

If so, get the frick out of the way.
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 3/22/18 at 6:05 pm to
quote:

The majors break even point is $30 deep water right now so...


Not that low and the low break evens don’t apply across the board and higher steel costs will raise breakevens across the industry.
Posted by auggie
Opelika, Alabama
Member since Aug 2013
30965 posts
Posted on 3/22/18 at 6:05 pm to
quote:

Meanwhile, where will China find another Half-Trillion dollar per year purchaser?


This.
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 3/22/18 at 6:07 pm to
quote:

The oil industry in a large part doesn't use Chinese steel in their facilities.


They use Chinese steel for pipe and casing...and in many cases it’s not cost, it’s that very few US mills produce to the required specs.
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