So as I thought, Canada China and Mexico, have responded in kind to the US’s tariffs.

@robertsnj You need to understand that we don't need to buy that much oil for Canada.

@nudistsueaz i do think vendor diverisification would have been a sound strategy over time for oil consumption but as of last month and for decades it was not and we need oil. We really really need oil. This sudden shift in vendor supply isn't a great sounding strategy. even if the tariffs don't include oil it will impact oil sales by proxy to the new relationship we have with Canada.

NAFTA was signed in 1992 by Clinton and the biggest thing we won from that ink was access to oil from Canada. Prior (see chart at end of post) we had positive oil relations with Venezuela (which is so freaking unstable today) Our relationship with Venequela soured and we switched gears and started buying more oil from Canada.

On a footnote Iraq is tough to measure in that graph. I can't tell if the include non-purchased oil from Iraq. We took oil as war reparations --but to be fair we gave them billions in exchange. I am just not sure if one could say we bought the oil with reparations and thus not sure how it is shown in the graph.

Buying oll from Americas (south or north america) has advantages for both buyers and sellers. This includes cost to ship and time to delivery which gives us cost breaks as consumers (from a selfish point of view)

The USA may or may not look for alternative vendors (that is a federal decision not a consumer decision) but if our gov does look at alternatives none of them will be as expedient or as friendly as Canada.

In addition reduciing our oil suppliers is reducing supply causing demand to go up and allowing other foreign sellers to US to adjust their pricing accordingly as fair market value. Vendor diversification is a strong strategy, and I wish it would have been an oil strategy for USA imports long ago, but as of last month it was not and we are burning a bridge that not only might we be unable to repair but will drive oil prices up for us as consumers.

if the graph at the bottom is accurate we may see an increase in USA's purchase of Saudi Oil,which for us would be the only viable vendor left on the list. We don't have the neccessary relations with African nations (like nigera and angola ) but interestingly China does.

sorry for the side tagent but, Germany purchases large amounts of oil despite being politically unaligned with Russia --they both win, not on ideology but proximity and addressing the supply and demand of oil.

it would be interesting to read something about GDP by nation in relation to oil consumption / what those ratio might look like. i dont' know much about the topic personally though.


https://afdc.energy.gov/data/10621

@Miram I felt responsible for this because I supported policies to close the borders due to fears related to growing extremist factions elsewhere.

@Miram There are always unforeseen consequences to our votes. So long as we go to the ballot truly believing we are doing the right thing for our country as a whole and not just ourselves individually, there is no need to carry regret.

If our politicians were all-seeing, we wouldn’t be in the mess we found ourselves in to begin with.

@wildbill83 There is no difference. You’ve got all the problems Biden gave you, only now on top of that it’s going to be expensive for you to engage with your three largest trade partners.

Really, well done.

@wildbill83 Nobody actually needs the existence of the "United" States. Too few US citizens can grasp this. Too few are even capable of thinking about it.

@tenente I am sorry, Tenente. Considering everything, you're actually taking this gracefully. Losing a business you have put so much of your life in is never easy.

@tenente I believe the tariffs thing during the campaign was a bluff. I don't think Tяump expected both Canada and Mexico to call his bluff. It's not at all clear Tяump has a plan for the current situation.

And wait until the stock markets speak on Monday, I expect a bloodbath!

@Ozymandiaz Agreed. Yes the global economy will become very turbulent, all because of the ego of one man.

A man who isn’t self made, and hasn’t got the business acumen he likes to tell people he has.

@MasterLee Two of them were friendly nations. Now they are not.

See how that works?

@WintaTheAngle Canada can buy more from China, not a problem.

@nudistsueaz he rarely handles anything well. How will that happen?

@Like2play He has always handled things well, that's why he is a billionaire. It will happen when the time is right.

@nudistsueaz and bankrupt many times over. Only person I know that couldn’t make money with a casino.

@Castenmas

What
A
Drama
Queening
🤡

@Thrust I’ll find a comfy place to sit why you and the others prove me right.

You’ll forgive me for not responding with my own emoji. There’s something weird about a man of 60 posts clown pictures.

@Castenmas You do that Sparky. I'll lick my wounds from your devastating comeback

@ShellSeeker A pissing contest?

@MrBrownstone I’m talking about Americans. A long history of nasty shocks for believing in their exceptionalism and they still haven’t learned.

@ShellSeeker Can't argue that. Many are delusional. Ego is a hell of a thing.

@BigGuy2 What savings nitwit. Even gas has been going back up after it was going down since it fell in December. There's no savings being made anywhere in the economy.

@hippyjoe1955 Actually the reason it is 10% is because USA owns most of the oil and profits coming from Canada.
I am hoping this will finally force Canada to build some refineries so we can make our own gas. It is LONG overdue.

@JamesBugman that and the fact that Smith actually went friend to friend with Trump. You get more with honey than with vinigar.

@JamesBugman oh and Energy East pipeline would help alot toom