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Started By
Message
re: These tariffs on China will kill the oil industry.
Posted on 3/22/18 at 7:11 pm to CorporateTiger
Posted on 3/22/18 at 7:11 pm to CorporateTiger
So no concern over the Dow taking a huge hit?
2
Posted on 3/22/18 at 7:12 pm to ForeverGator
I told you before that I am anti-tariff. I’m just giving you shite for being bad a Oil & Gas economics.
Posted on 3/22/18 at 7:13 pm to ForeverGator
quote:
When I bring this thread back up due to the price of oil increasing significantly as a direct result of Trump doing stupid shite, then I'll point you out.
What does any of that have to do with your totally incorrect statement "The lessor the demand, the higher the prices go up"?
Imagine yourself with no new clients. The phone stops ringing, you get no new referrals for IP legal services. This situation continues for months. The is no ongoing demand for your services.
So, you decide to get more billable clients and your solution is to increase your billing rate?!?
Stick to being a lawyer. You flunk at basic business principles...
Posted on 3/22/18 at 7:16 pm to LSURussian
Except you're living in a bubble with those facts. You're not factoring in other stuff like the tariffs, which will affect prices throughout the economy.
And of course, in a simplistic example that you give, of course that's not the way to do business.
But we aren't talking mom and pop economics here, we're talking global economics. Please tell me you know more about the economic factors.
And of course, in a simplistic example that you give, of course that's not the way to do business.
But we aren't talking mom and pop economics here, we're talking global economics. Please tell me you know more about the economic factors.
Posted on 3/22/18 at 7:18 pm to CorporateTiger
Fair enough. I don't work in the industry, but I also don't think the supposed econ gurus understand what the tariff will do overall to the costs of everything.
I just read an article that O&G exports to China is on the rise, but with these tariffs, that will change. Since we're so "new" to exporting O&G (2015 as you guys have pointed out), how do we have enough data to try and say it's not going to make a huge change to the industry?
I just read an article that O&G exports to China is on the rise, but with these tariffs, that will change. Since we're so "new" to exporting O&G (2015 as you guys have pointed out), how do we have enough data to try and say it's not going to make a huge change to the industry?
Posted on 3/22/18 at 7:19 pm to ForeverGator
Bless your ignorant heart....
Posted on 3/22/18 at 7:19 pm to Powerman
quote:
Some of the people we buy from have told us to expect price increases on electrical conduit soon due to the tariffs.
I have no doubt,that this one will be true. Conduit quality is not usually a major factor,and cheap shite will work about as well as good stuff.
You will now have the choice of buying imported chinese stuff,or U.S. made,because it will be about the same price.
since you use the word conduit,I am guessing you are an electrical contractor.
I imagine you put more importance in your wire than your conduit.
This post was edited on 3/22/18 at 7:33 pm
Posted on 3/22/18 at 7:22 pm to ForeverGator
Exports just aren’t enough of the market to change that much.
Posted on 3/22/18 at 7:27 pm to LSURussian
quote:Come on Russian. This is basic stuff.
What does any of that have to do with your totally incorrect statement "The lessor the demand, the higher the prices go up"?
He's obviously fluent in ShadowBrokers dialect.
Translated, his statement means 'as a lessor senses demand, he increases rent.'
This post was edited on 3/22/18 at 7:28 pm
Posted on 3/22/18 at 7:30 pm to ForeverGator
China sells 50 cent items on ebay with free shipping from halfway around the world.
Government subsidized.
They don’t give a shite about where the best price is, it’s about propping up their bitch.
Government subsidized.
They don’t give a shite about where the best price is, it’s about propping up their bitch.
Posted on 3/22/18 at 7:34 pm to ForeverGator
Guys the Chinese, Koreans, Veitnamese and evey third world company that a fabrication shop can be built in has basiclly taken over the fabricated steel, pipe and process module fabrication for our process facilities being built here in the US. Many of them owned by the big EPC companies, Fluor, KBR, Bechtel etc. whom secure the bigger industrial projects and then ship all the fabrication to their shops over seas totally ruining the large fabrication business here in the US costing 100’s of 1000’s of jobs. Something had to be done to level the playing field’ or the fabrication business that supports All the large industrial project being built here in the US will be gone over seas. Simple fact
Posted on 3/22/18 at 7:41 pm to humanlement
quote:
Guys the Chinese, Koreans, Veitnamese and evey third world company that a fabrication shop can be built in has basiclly taken over the fabricated steel, pipe and process module fabrication for our process facilities being built here in the US. Many of them owned by the big EPC companies, Fluor, KBR, Bechtel etc. whom secure the bigger industrial projects and then ship all the fabrication to their shops over seas totally ruining the large fabrication business here in the US costing 100’s of 1000’s of jobs. Something had to be done to level the playing field’ or the fabrication business that supports All the large industrial project being built here in the US will be gone over seas. Simple fact
Right 100%.
If 1 of those chinese steel workers gets killed on the job,throw him in the ladle,and hope he doesn't frick up the carbon. Tell his family he left work on time,and must have stopped by the rooster fight.
Posted on 3/22/18 at 7:42 pm to cwill
quote:
They’re at best mistaken.
I think a more realistic statement would be that they don't use Chinese steel for process piping and equipment, which I know to be true for at least three super-majors.
I wasn't aware of drill pipe/casing being fabricated from Chinese steel - that surprises me. But regardless steel is used in O&G/chemicals for a lot more than process piping, so it seems naive to think there's NO impact from the steel tariffs.
That being said, I think the O&G lobby was a lot more up-in-arms before most of the countries we DO buy steel from were exempted from the tariffs.
Posted on 3/22/18 at 7:43 pm to ForeverGator
quote:
I think we can all agree
Triggered every poster on this board
Posted on 3/22/18 at 7:44 pm to ForeverGator
quote:
You guys supporting these tariffs are incredibly naive in thinking anything positive will come from it. There's so much more risk on the negative side, it's not even funny. Let's name all of the previous times these tariffs were successful. Lets hear them.
Have you ever negotiated a deal for a new car? Did the dealer offer you a lower price than the one you offered him... hell no. You have to start a negotiation from an unacceptable position or there is no negotiation to do. Each side starts at mutually unacceptable positions and works to the acceptable middle. Our trade policies have been so bad with no leverage that Trump is having to throw up some barriers to get a dialoge on trade issues.
Why are you all so surprised by this? Oh I remember, you are listening to the MSM pundits instead of your own brains.
I work in the chemical industry. China has shuttered half its aluminum industry already for internal problems with pollution and energy supply. They make a lot of shite over there. When people quit buying it the inventories start stacking up quick. They cannot afford to get into a lengthy trade war. Yes, they can get supplies from other sources but the USA is the largest consumer of their output.
Posted on 3/22/18 at 7:45 pm to ForeverGator
So no concern over the Dow taking a huge hit?
Why? Those people can adjust methods just like industry. It's probably good if it get's rid of most of the rodeo cowboys.
Why? Those people can adjust methods just like industry. It's probably good if it get's rid of most of the rodeo cowboys.
Posted on 3/22/18 at 7:50 pm to ForeverGator
Well how the frick do you want to address China constantly ripping off our intellectual property?
Posted on 3/22/18 at 7:55 pm to lostinbr
Stick to law as you have no clue how the O&G business works regardless of what classes you took... My company breaks even globally around $45/bbl. if you raise steel globally 10% (we don't use Chinese steel), even if my break even cost may go up to say $45.20/bbl. it's a minimal cost in the big picture as I'm making money at today's $64.80/bbl. I'd love it if we were getting $100/bbl as that would mean I would get to increase my activity and would be able to spend even more drilling wells, hitting people, etc...
This post was edited on 3/22/18 at 7:56 pm
Posted on 3/22/18 at 8:00 pm to Grimhorn
Yeah but the higher the price per barrel, the less you’ll be selling. Kind of a wash in simple terms, is it not?
Posted on 3/22/18 at 8:02 pm to ForeverGator
Reciprocal
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