FYI- If we want to lower inflation then tarrifs might do the opposite, it might increase prices instead!

@Entwistle While it is tempting to stoop to Trumps level, it isnt necessary. Simply add 25% to the contracted prices for oil and electricity supply BEFORE it is delivered.This then inflates the tarrif even further and means an actual increase of over 50% to the consumer. Now let the American voters have their say..😷

@whowasthatmaskedman Yup, shut off the flow of illegal aliens and drugs from the great white north and play the game right and see how fast things get back to business as usual

@Entwistle Yes they should. The US has all the oil, coal and natural gas it needs right here on our territory and really doesn’t need to import an ounce.

@redredred I agree you have indeed.
Gonna cost a lot though..otherwise why have you been importing so much?

@redredred This is true. The problem is the cost of getting it out of the ground and making it useful..😷

@whowasthatmaskedman we’ve been getting oil, coal and natural gas out of the ground pretty successfully for decades. I think we still can.

@redredred Thats quite true. But there are a couple of points.. First. That cant go on forever. Second and more immediately important. The cost of extraction is rising and the yield for the effort is falling. The known reserves that were not economically viable 20 years ago are the ones being tapped now..😷

@whowasthatmaskedman in strictly economic terms it’s not any different from maple syrup or whiskey; Canada can produce all we want but we can too. The costs to bring it to market are about the same.

@redredred Again, for the specific case you name you are correct. But maple syrup is a discretionary spend. Oil and electricity, are necessary for society to operate, and keep people at work and everything flowing is and out of shops..😷

@whowasthatmaskedman I guess it’s somehow unclear to you. Canada has no advantage in petroleum production vs the US. We have all we need in the ground here and have the skills to extract it and refine it. No offense but who needs Canada?

@whowasthatmaskedman

@redredred I guess you are correct. Right up to the point where the Canadian sweet light crude is required ro be blended with the US different grade of crude to make it usable. They are TWO DIFFERENT PRODUCTS. Now do you get it??😷

@sunsporter1649 Thats funny. But you are right. It will take at least a year to get other markets for the exports of other countries. and inside 5 years the US will be approaching the same economic status as Argentina, And I wont be crying.😷

@whowasthatmaskedman The United States imported 6.3 million b/d of crude oil in the first half of 2022, up from 6.1 million b/d in 2021. Heavier grades of crude oil imports tend to be imported into the United States. In the first half of 2022, 69% of U.S. crude oil imports had an API of 30.0 degrees or lower, and 22% had an API between 30.1 and 35.0 degrees. The majority of U.S. crude oil imports come from Canada, which produces heavier grades of crude oil than the United States. In the first half of 2022, Canada accounted for 61% of all U.S. crude oil imports.

@sunsporter1649 Your point being??? Do you actually understand what these numbers mean in terms of American production and American needs?😷

@whowasthatmaskedman I got it a long time ago and am getting a bit tired of explaining it to you. The US has ZERO need to ever use a drop of petroleum from Canada, ZERO. There might be a commercial advantage for some of it but we got along just fine for decades without it and will in the future. Canada has a much greater need for a market than the US does for a Canadian source.

@redredred