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

Americans bear in mind they are your three largest partners.

Also remember that we in other countries are used to tolerating price hikes and shortages, you however are not. Remember the oil crisis in the 1970s?

This is going to make for great tv.

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robertsnj · 56-60, M

we buy about 50 percent of our oil from Canada.

besides the pricing increase at the register, the supply chain disruptions area train wreck starting to happen We saw the effect of supply chain disruption in the early COVID days and our gov just artifically replicated this event

while a lot of people and news outlets focus on the higher costs to offset the tariffs which is an important point to make, ,the marriage of the increased costs along with supply chain disruption ,which willl lower supply thus increasing demand and thus even more price increases is a economic disaster.

i added a link here:
[media=https://www.youtube.com/watch?v=dqApxbgNoa8]

the usa has Barrow but stubbornly refuses to invest in infrastructure in the area.

nudistsueaz · 61-69, F

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

robertsnj · 56-60, M

@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