Post by
MaterialsMan on Dec 01, 2024 10:23am
Protectionist
Trump is now threatening to stop the flow of oil from Canada into the U.S. through the use of special tariffs.
I don't quite understand why, unless it's just to protect U.S. producers from foreign competition.
I hope this doesn't upset the applecart, as ENB has had great momentum lately.
Monday's price action should say a lot.
Comment by
wannabebuffet on Dec 01, 2024 10:51am
More Trump BS. US refineries need heavy oil to mix with the light US oil produced in the states. They can get heavy oil from Mexico but the Mexicans are looking at stopping exports and refining it in Mexico. That leaves Canada as the most likely supply. Unless 'the donald' wants to ask Iran for their oil?