Comments by "Neolithic Transit Revolution" (@neolithictransitrevolution427) on "Is Canada secure from a Trump invasion?" video.

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  20. The electrical surcharge was stupid but power was not cut off. The US government is actively saying the goal is annexation through economic pressure. Idk how you can separate that from the conversation. But this is much worse than tariffs. Any trade deal better Canada and the US going forward won't seriously be trusted by investors when the president who signed the last one will turn around with 25% tariffs. This makes it basically impossible for us to have free trade in the future as it would lead to complete dominance of the Canadian market without any investment to create sales to the US. Canada has tariffs on a limited number of fields. Is it really a wonder we want to keep our staple food production domestic when our strongest trading partner may unexpectedly turn around and use trade restrictions as leverage? And frankly, the US has a long history of subsidizing agriculture, and has never actually faced any tariff on dairy imports because they have never produced and exported enough that met our health standards. Canada never stole US industry, we have become as reliant on China as you. This is a flour mill blaming the wheat farmer for not buying enough flour. We sell you inputs, we obviously can't buy all your outputs, my TV is not military equipment, my phone is not a car, and my clothing isn't software. We sell 3/4s of our exports to the US, we buy over half our capital equipment from the US. But the very problem is America no longer produces consumer goods. I'm not a fan of Trump, but when he was elected part of me was excited something was finally going to be done about China. Instead Canada faces tariffs twice as high because it's easier to steal what little manufacturing we have left than quit the addiction to cheap Chinese garbage. So you'll forgive me for not thinking these highly targeted tariffs on industrial partnerships built over decades are not a run of the mill tool to generate revenues.
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  21. @michaelenman9498  you need to understand this really isn't true. I am very frustrated at Canadians for not understanding we can in fact be hurt by these policies and Americans largely won't be. Let's look at oil. We have seen during Covid and 2018 what happens when we do not have sufficient take away capacity. All oil is priced out of Hardisty, AB. 600k bbl/d goes south through Keystone to the Gulf Coast refineries. If a selective tariff is placed on Canada, then for our oil to sell in the Gulf where international crude is available, the purchase price, aka the price in Hardisty + the fee for the tariff, cannot be higher than the global price. We will see a discount on oil to accommodate the additional cost purchasers pay in tariff, or else we will lose the 600k bbl/d to international competition, which would be worse for prices. A discount that will be available to all purchases, including the Midwest. We literally saw price movements the day of the tariff taking off an immediate 4% relative to US WTI. Let's look at Aluminum or Iron. What is the alternative market? We will have to ship by rail to the Pacific, and then oversea. That is significant transportation cost. So long as a Tariff does not drive down prices to the point producers are losing revenue, we will adsorb most of the cost in the form of lower profits and capital write downs. Manufacturing and the complex supply chain will be reflected in substantially higher prices. But a new car is not an essential or regular purchase. Auto manufacturers will move production to the US over the next few years, even without a tariff, if this uncertainty continues. Do you think Trump, backed by Musk, cares if Ford goes under? If they destroy a massive private sector union? Tariffs here will increase prices in the medium term, but that will only make Tesla more competitive in the US and take manufacturing away from Canada. And all of this is going to weaken the CAD. A weaker CAD will suppress our export prices across the board. There may be some level of higher prices on certain goods. But they did the same thing to China in 2018, and the renminbi fell to adsorb almost the entire price difference. And Canada is far more reliant on US trade, and in particular export purchases. We cannot fight this trade war if we aren't going to acknowledge the impact. Do you honestly believe these tariffs will have nearly the impact on us it will on them? What do you think happens when our economy crashes? I don't understand how people can believe this Econ 101 nonsense is actually applicable.
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  22. @michaelenman9498  you need to understand this really isn't true. I am very frustrated at Canadians for not understanding we can in fact be hurt by these policies and Americans largely won't be. Let's look at oil. We have seen during Covid and 2018 what happens when we do not have sufficient take away capacity. All oil is priced out of Hardisty, AB. 600k bbl/d goes south through Keystone to the Gulf Coast refineries. If a selective tariff is placed on Canada, then for our oil to sell in the Gulf where international crude is available, the purchase price, aka the price in Hardisty + the fee for the tariff, cannot be higher than the global price. We will see a discount on oil to accommodate the additional cost purchasers pay in tariff, or else we will lose the 600k bbl/d to international competition, which would be worse for prices. A discount that will be available to all purchases, including the Midwest. We literally saw price movements the day of the tariff taking off an immediate 4% relative to US WTI. Let's look at Aluminum or Iron. What is the alternative market? We will have to ship by rail to the Pacific, and then oversea. That is significant transportation cost. So long as a Tariff does not drive down prices to the point producers are losing revenue, we will adsorb most of the cost in the form of lower profits and capital write downs. Manufacturing and the complex supply chain will be reflected in substantially higher prices. But a new car is not an essential or regular purchase. Auto manufacturers will move production to the US over the next few years, even without a tariff, if this uncertainty continues. Do you think Trump, backed by Musk, cares if Ford goes under? If they destroy a massive private sector union? Tariffs here will increase prices in the medium term, but that will only make Tesla more competitive in the US and take manufacturing away from Canada. And all of this is going to weaken the CAD. A weaker CAD will suppress our export prices across the board. There may be some level of higher prices on certain goods. But they did the same thing to China in 2018, and the renminbi fell to adsorb almost the entire price difference. And Canada is far more reliant on US trade, and in particular export purchases. We cannot fight this trade war if we aren't going to acknowledge the impact. Do you honestly believe these tariffs will have nearly the impact on us it will on them? What do you think happens when our economy crashes? I don't understand how people can believe this Econ 101 nonsense is actually applicable.
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  23. @michaelenman9498  you need to understand this really isn't true. I am very frustrated at Canadians for not understanding we can in fact be hurt by these policies and Americans largely won't be. Let's look at oil. We have seen during Covid and 2018 what happens when we do not have sufficient take away capacity. All oil is priced out of Hardisty, AB. 600k bbl/d goes south through Keystone to the Gulf Coast refineries. If a selective tariff is placed on Canada, then for our oil to sell in the Gulf where international crude is available, the purchase price, aka the price in Hardisty + the fee for the tariff, cannot be higher than the global price. We will see a discount on oil to accommodate the additional cost purchasers pay in tariff, or else we will lose the 600k bbl/d to international competition, which would be worse for prices. A discount that will be available to all purchases, including the Midwest. We literally saw price movements the day of the tariff taking off an immediate 4% relative to US WTI. Let's look at Aluminum or Iron. What is the alternative market? We will have to ship by rail to the Pacific, and then oversea. That is significant transportation cost. So long as a Tariff does not drive down prices to the point producers are losing revenue, we will adsorb most of the cost in the form of lower profits and capital write downs. Manufacturing and the complex supply chain will be reflected in substantially higher prices. But a new car is not an essential or regular purchase. Auto manufacturers will move production to the US over the next few years, even without a tariff, if this uncertainty continues. Do you think the guy by backed by Musk cares if GM goes under? If they destroy a massive private sector union? Tariffs here will increase prices in the medium term, but that will only make Tesla more competitive in the US and take manufacturing away from Canada. And all of this is going to weaken the CAD. A weaker CAD will suppress our export prices across the board. There may be some level of higher prices on certain goods. But they did the same thing to China in 2018, and the renminbi fell to adsorb almost the entire price difference. And Canada is far more reliant on US trade, and in particular export purchases. We cannot fight this trade war if we aren't going to acknowledge the impact. Do you honestly believe these tariffs will have nearly the impact on us it will on them? What do you think happens when our economy crashes? I don't understand how people can believe this Econ 101 nonsense is actually applicable.
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  59. @ryuuguu01  Okay well Alberta sends a $100 billion in oil south but clearly you don't think there is economic justification for a pipeline. So obviously you understand that we have to figure in the cost of infrastructure to this conversation. Connecting Thomson Manitoba, where the hydro is, to Edmonton is 1000km transmission project. Maybe this makes sense if the BC option didn't exist. But as you point out, Manitoba has a market in the US. If it loses that Market, than Manitoba is drastically over provisioned and doesn't need excess. If it keeps that Market, it doesn't have a lot of spare capacity, and Minnesota isn't exactly primed for growth. In 20 years, if you already have a bipole connecting to the Ring of Fire and Toronto in Ontario, and US demand has grown, and Alberta's need for dispatchable power outgrows what trade with BC could supply, then maybe. Although I would imagine by that time energy storage is good enough that if such transmission is justified it's because we are undamming our rivers, not bilateral trade. Also, please stop claiming I am from Alberta. I am not. I am from and in Ontario. I simply do not want to see our country cut in half. I am referring to how much Alberta stands to lose in Oil revenues, how that will push their economy into deep depression, and how the US administration will leverage that toward their stated goal of annexing Canada. You are the person who started referencing Electrical generation as relevant to the discussion I started with oil.
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  60. @ryuuguu01  Okay well Alberta sends a $100 billion in oil south but clearly you don't think there is economic justification for a pipeline. So obviously you understand that we have to figure in the cost of infrastructure to this conversation. Connecting Thomson Manitoba, where the hydro is, to Edmonton is 1000km transmission project. Maybe this makes sense if the BC option didn't exist. But as you point out, Manitoba has a market in the US. If it loses that Market, than Manitoba is drastically over provisioned and doesn't need excess. If it keeps that Market, it doesn't have a lot of spare capacity, and Minnesota isn't exactly primed for growth. In 20 years, if you already have a bipole connecting to the Ring of Fire and Toronto in Ontario, and US demand has grown, and Alberta's need for dispatchable power outgrows what trade with BC could supply, then maybe. Although I would imagine by that time energy storage is good enough that if such transmission is justified it's because we are undamming our rivers, not bilateral trade. Also, please stop claiming I am from Alberta. I am not. I am from and in Ontario. I simply do not want to see our country cut in half. I am referring to how much Alberta stands to lose in Oil revenues, how that will push their economy into deep depression, and how the US administration will leverage that toward their stated goal of annexing Canada. You are the person who started referencing Electrical generation as relevant to the discussion I started with oil. I was literally calling conversation around electrical generation a red herring to a conversation about oil..
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