Oil Companies Wanted Trump to Lower Costs. Tariffs Are Raising Them. Thanks to Trump’s tariffs, the oil and gas industry is contending with rising prices for essential materials like steel pipes used to line new wells. Oil refineries are separately bracing for a tariff on Canadian oil.

10 comments

1. Then they can come here and avoid the tariffs

2. Ding ding ding.

   This is what *always* happens with tariffs in the US. Everyone gets screwed by the increased cost of inputs.

3. If a 10c/kg tarriff on steel is raising the final oil price by 15c/gal then this is the oil industry outright stating that all their bullshit about material use or minerals or mining for wind or solar was a lie, because they are claiming every gallon of oil requires well over a virgin kg of steel.

4. Leopards eating faces

5. Are you saying that the cost of the Tariff is paid by Americans and not by foreigners? Who would have thought!?

6. So what? All he needs to do is “demand” oil prices lower, you know, like an angry parent or magician would do, and voila’! Faux Ewes will loop the comment constantly to saturate the porous minds of their empty headed viewers, and then when oil prices go up (due to policy that is bad, as learned about in an ECON101 class), Faux will loop the “fact” that it’s a liberal conspiracy to undermine the beautiful and smart administration.

7. Trump:
   *Signs executive order demanding oil prices be lowered*

8. They don’t need line the wells. No more regulations just build a big lagoon and pump it out.

9. 🍊💩king💩

10. Since when does anyone care what the oil companies want?

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