Veren Inc T.VRN

Trump tarrif on oil vs tmx

[Marty47]

If I understand well the tmx ship 45% of is oil to USA (California ) , the rest ship to Asia , close to 24 tankers a month come to get filled up , so within 2 month we can ship our crude close to 100% to Asia and others countries , additionally tmx can increase his capacity to 1.3 m barrels a day with additional pumping stations etc etc , so if we want we can use tmx 100% to shipping to Asia and 0 barrels to USA and avoid tarrifs .... anybody believe this .

[Frank007]

Love the way you put that Marty ....Trump is going to bankrupt America...mostly is now anyway...just who is going to finance that clown ...lol

[Anschutz]

Never ever bet against the USA. Trump is supported by some of the smartest people in the US that see the cancer that's consuming the EU. Countries and companies are aligning with Trump. Canada stands no chance siding with the EU and getting into a trade war with the USA. Over the next 4 years either the EU and countries like Canada reverse course, or their economies will be further decimated.

[Canoftuna]

And the other 3 million barrels??....Do we smuggle them in with the fentanyl??...

[Seppelt]

Midwest (PADD 2) is importing about 3 million barrels of oil per day. 100% of it is from Canada. All pipelines moving oil northbound from the Gulf have been reversed. A large portion of the 25% tariff will be borne by the local refineries and ultimately local consumers. It will widen the difference between WTI and Canadian crude but the bulk of the damage will be on the U.S. economy. TMX

[Seppelt]

Another scenario is U.S. tariffs will target products other than oil. This will get worse if Liberals and NDP will start beating their chests and impose export tariffs on oil, gas and petroleum products. I hope this mess will never happen.