100%, all about expectations for sure.
Tariffs...what to make of them.
- Thread starter Dave Taylor
- Start date
Not arguing w/ u, just adding color, it’s an important distinction u brought up cuz if oil were to drop too low it wouldn’t pay to stand up new capacity. And to back up what someone else mentioned, brining new capacity online ain’t done with a snap of some fingers.
John the Plumber
Well-Known Member
I was just agreeing with you. I do follow our energy policy. Down here in SJ they have closed Oyster Creek powerhouse and Beesleys Point power, so Atlantic City Electric is just a broker anymore, electrical bills just keep going up.
My bad, you said use and I did production.
Checked in that with my AI overlords and while the split not as extreme as production, majority used is produced here. The overlords had a bit more trouble with this one, some context added on why that may be:
-----------
Approximate Breakdown:
Domestically Produced Crude Oil Used: Around 8.875 million b/d (54% of refinery inputs, assuming 16.5 million b/d total).
Imported Crude Oil Used: Around 7.625 million b/d (46% of refinery inputs).
The difference between gross imports (6.478 million b/d) and net imports (2.420 million b/d) reflects exports, showing that some imported crude may be refined and re-exported as petroleum products.
---------------------
And to your point:
---------------------
However, refineries rely on a significant amount of imported crude oil (about 6.478 million b/d gross imports) because many are configured to process heavier crude grades that are less common in U.S. production, which tends to be lighter (e.g., from shale regions like the Permian Basin).
There price of oil is solely dependent on what people/companies are willing to pay.
There's is a futures market and a spot price.
When is the tariff applied?
Is it a barrier to buying? Does it steer towards one place (ie Russia?)
I like mine light and sweet
There's is a futures market and a spot price.
When is the tariff applied?
Is it a barrier to buying? Does it steer towards one place (ie Russia?)
I like mine light and sweet
SmooveP
Well-Known Member
I wouldn't say solely. Trading of oil futures affects pricing, at least in the short term. And then there's OPEC price fixing.
SmooveP
Well-Known Member
Unless I missed it, nobody's talking about the formula they used to come up with the so called "reciprocal" tariffs. It's almost childish.
www.factcheck.org
Trump's Misleading Tariff Chart - FactCheck.org
In his Rose Garden announcement of sweeping new "reciprocal tariffs," President Donald Trump held aloft a misleading chart that claimed to give a breakdown of the tariffs other countries charge the U.S. and the corresponding tariff that the U.S. will now impose against those countries.
www.factcheck.org
Rocksrgood4u
Well-Known Member
The whole pro-Russia stupidity is just a canard meant to distract. Russia doesn't trust that man. Read up.
Dave Taylor
Rex kwan Do
You can’t use history to predict a bottom. I’d say we may be near a bottom OR bounce point around 4825. There is still no capitulation. Controlled selling is not blood in the streets. When EVERYTHING sells hard for 2-3 days that is capitulation I think it’s going to take a catalyst to change things. We may bottom but to go back to all time highs is going to take a removal of tariffs or cutting rates.
thegock
Well-Known Member
And Hyundai from your post yesterday has the same issue as TSLA. Each company is part of a global supply chain enabled by historically low tariffs. That is why Navarro had to make up a fictional character to quote in his tariff book: no real economist supports his theories. He does ride a bike, doe.
You do realize we’re basically saying the same thing right?
Last edited:
These tariffs WILL rase prices by more than the majority of the country can pay. The market has lost more than 6 trillion dollars since trump took power and as the feed back loop gets rolling it’s going to loose a lot more. Prices are going to skyrocket, work places are going to close, people will loose jobs and spend even less…and it’s just going to accelerate….
