Comments by "possumverde" (@possumverde) on "" video.

  1. Not really. Look into how much of our fertilizer originates in Canada. More expensive fertilizer means increases on home grown as well. Fuel prices are going to skyrocket as well. So even more local cost. Edit: Farmers market could theoretically end up being more expensive than the tariffed foods.
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  2. Here's a question. Under the trade agreement with Canada and Mexico that Trump has now voided, they were both selling us their oil at a discount to international prices. Canada at 20% and I think Mexico was similar. Now that they aren't bound by that agreement and can return their price to full, does that essentially mean a ~45% increase in their oil after the tariff? Because that's going to hurt bad. Especially considering that we aren't capable of refining the majority of the oil we pump out of our ground. Our refineries are set up to refine the type of oil we bring in from Mexico and Canada. While we sell our oil to the Middle East where they refine it and resell it.
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  3. ​​ @DeePrestOnion Actually, no we don't. We can't refine our own oil. We pump mostly light crude from our sources and our refinery system is set up for heavy. Heavy is what we get from Canada and Mexico. We just sell ours to Saudi Arabia who then refines it and resells it. We're actually quite dependent on Canada and Mexico there. Also, with Trump having managed to alienate most of our allies in one way or another, I'm not seeing a cheap replacement source of heavy crude for our refineries. That creates a weakness that the big oil conglomerates can exploit by raising gas prices on what we import.
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  4. We lose the ~20% discount on oil prices we had under the now voided trade agreement and then add 25% tariff on top of full price. That alone is going to skyrocket prices here and bring Canada and Mexico 20% more. We can't refine the type of oil we mostly produce as our refineries are set up for heavy crude that we get from Canada and Mexico. While we sell our light crude to Saudi Arabia who refines it and sells it on the open market. Long story short, the oil situation alone is going to hurt really bad all across the board in the US. Except for those invested/owning the oil companies of course. They'll see huge profit. This is not going to go well for the US. Edit: Also, Trump has already alienated nearly all of our allies in one way or another so finding a good deal on oil elsewhere is likely not happening.
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  5.  @estonianman  Some produce raw oil though.
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