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Hahahahaha...oh god, comedy heaven!
...Wait, what do you mean this is not the onion?
The U.S. imports 60% of its oil from Canada.
https://www.gzeromedia.com/gzero-north/why-does-the-us-import-oil-despite-producing-enough-for-its-needs
Those Biden "I did that" sticker on gas pumps are gonna look a hell of a lot different in hindsight.
Couldn't have picked a better week to switch to an electric car.
Bad news. Cost of petroleum increasing probably increases the cost of electricity too. Energy is energy. If cost of one source of energy increases then other sources also increase price.
It probably won't be as bad as gas prices, but it's probably all going up.
Good news, my EV holds about 5 dollars of electricity in it. Doubling the price isn't going to be a huge deal. My partner's civic holds ~ 48 dollars worth of gas. Doubling that is going to be painful.
Yeah, good point. Electric is just always going to be cheaper. Still, it doesn't totally remove the effect of oil prices, which should be higher but not like this.
They also import a shitload of electricity.
And pretty much anything made out of a tree.
Lots of metals as well, TD has an analysis if interested.
Canada and Mexico are the 2 largest trading partners. Cusma review is next year, didn't he do the exact same thing going into the NAFTA 2.0 negotiations? Just wish we'd do a united front with Mexico on this.
Tariffs on oil and microchips, should make a nice dent in cost of living.
Yeap. Lot cheaper to live without a house payment!
That says that 60% of the oil the USA imports comes from Camada, not that the USA imports 60% of its oil from Canada.
Sorry... what's the difference? Both are about how much of the oil the U.S. imports comes from Canada.
Maybe I'm not reading it the way others would. I would have understood "The US imports 60% of its oil from Canada" to mean that 60% of the oil the USA consumes comes from Canada, not 60% of the oil the USA imports. The oil consumed will include both domestically produced oil and imported oil.
I lost track isn't Canada a reliable exporter of medical isotopes too?
Edit hmm seems the us imports alot of those https://healthimaging.com/topics/medical-imaging/molecular-imaging/why-us-still-dependent-foreign-medical-isotope-production
Someone should tell the talking Cheeto that we are a net exporter on oil and the majority we import is from Canada and Mexico. You know, the whole thing of there being different types of oil and the refineries in the US are set to refine foreign oil and not our own oil.
"Who knew oil was so complicated?"
Anytime he finds something out, "nobody knew". Anytime he finds out he went too far, "no one knew it was this complicated".
I assume this is referring to his "Who knew healthcare could be complicated" comment 8 years ago that we have yet to hear his plan for after promising one in two weeks
He said it pretty often in his first term. The commenter you replied to has it right. "Nobody knew..." translates directly to "I just found out"
Sort of. As I understand it, theres a pretty specific weight/grade/thickness of oil that can be refined into products. Most of the US oil is too thin. Most Canada oil is too thick. So we mix the two and viola!
It'd be nice if someone in Canada would build a refinery here. But then we'd have to import thin oil to mix with.
Don't worry, Alberta's premier already has her head so far up Trump's ass that she will never allow a retaliatory tariff on oil. I'm calling now that if the federal government pushes it through anyway, then Alberta will immediately try to leave Canada and join the US.
We're gonna be fucked either way because the country will tear itself apart over a response while getting economically strangled.
Trump is considering not taxing oil but it would be very funny if Canada decided to tax the all oil exports to the US as a fuck you to Trump...
"We don't need the products that they have but we might not tax oil coming from Canada... Because... We... Eeeh... Don't need it?"
Hmm who was president in 2020?
https://www.cbp.gov/trade/priority-issues/trade-agreements/free-trade-agreements/USMCA/FAQs
The USMCA was signed by Trump in 2018 (revised version signed in 2019). Implementation didn't occur until 2020.
https://en.m.wikipedia.org/wiki/United_States%E2%80%93Mexico%E2%80%93Canada_Agreement
I know, it's crazy how his supporters don't put two and two together. HE MADE THE TRADE DEAL HE'S SUPPOSEDLY GETTING SHAFTED ON!