Comments by "Dale Crocker" (@dalecrocker3213) on "" video.

This is just carrot and stick blackmail, not a long-term policy of any sort. Trump just pokes and prods and sees which way other countries jump. It's a bit of a departure from usual practice - we'll just have to wait and see how well it works.
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He doesn't want to raise prices. He just want to manipulate the market by discouraging importers from buying products from certain countries. The oil industry is extremely complex, because the product has to go through various stages before being converted into a final form. By introducing competition in this way he hopes that prices will actually decrease as suppliers, both in the US and from abroad, will be encouraged to lower them in order to be competitive.
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And why would America buy it in that case?
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@ There are plenty of other sources, both in the US and from abroad. Canadian oil is heavily discounted and really only sold into northern states on account of the distances involved reducing transportation costs.
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@ffotograffydd Not at an increased price they don't. In any case it would probably not be technically possible and also quite dangerous to Canadian suppliers' viability to do this.
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@DavidMoxham957 The product won't be more expensive to the consumer because nobody will buy it. That's the idea. Starting a price war in this way should, in theory, result in lower prices as various suppliers compete with one another.
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@DavidMoxham957 It can work both ways, certainly. But in this instance there is no sole producer of oil - there are many, and the fact that the US is theoretically self sufficient in oil in any case means it would be near-impossible for a cartel of other suppliers to obtain sufficient leverage to "name the price" as you put it. As for pharmaceuticals - don't get me started! The pharmaceutical industry is disgrace. Cheap alternatives are available for a great many of the hideously over-priced medicines currently available, but these are deliberately ignored thanks to various forms of collusion with the health authorities and the insurance industry. A true cartel indeed. In fact there are far worse names for it. Criminal conspiracy wouldn't be going too far.
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What money raised? The US would just stop buying Canadian oil.
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@trident6547 I'm sure it could. But will it?
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@ Well of course there are! And different refining processes creating different products at vastly different prices. What's your point?
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@AGerm332 Then I guess it doesn't get bought. This would of course cause untold damage to the Canadian oil producers who would then have to find other and far more expensive means of transporting their product to other customers. Or, more, likely go to the wall.
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@ Which is why American customers will not buy it. And this will affect Canadian supplies far more than American customers.
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@ That's my point exactly. If Canadian oil was made prohibitively expensive in the US and the US then went to other sources these pipelines would be redundant and Canada would have to export its product to other customers by far more expensive means.
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@harmless6813 Who has no choice? Not quite sure which of my comments you are referring to. Is it perhaps that many US refineries are better suited to processing the heavy crude from Canada than they are the lighter stuff from Texas, say. Is this where you see a problem?
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I suppose that's why they keep getting voted back in, is it?
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@EdJames-tb9oz Is the international price of oil really decided outside the USA though? As both a large scale exporter and a large-scale importer the USA's position must surely affect prices? And prices can be undercut anyway. Look at Russia. It largely ignores the official price and exports to whoever can make the job reasonably profitable. A survival tactic, sure. But it seems to work. There's plenty of Russian oil in US gas tanks, you know.
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@rogerstarkey5390 Certainly future interchanges between the US and BRICs countries are going to be very interesting and might even result in lowered prices as they battle things out. I would hope that this would become rather a formalised struggle, however. BRICS should win in the long run, but it might take decades.
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His shock tactics might work better and more quickly.
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@ I don't think Trump wants to do much more than scare people into behaving as he wants. It worked with Columbia on the deported immigrants issue and it might well work with imports/exports. It is not a considered long-term policy.
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Which would be a good thing in many ways. A trade partnership and non-aggression pact between the US and Russia would be enormously beneficial.
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