The pipeline Bloomberg bit is funny...they don't understand the total costs of pipelines (it ain't just steel). Not as dumb as HondoFS' new sidekick (HI CirrhosisoftheBrain), but amusing...As for why aluminum and steel were chosen its a direct shot at China...the media and a few folks around here appear too dumb to realize this. For those that don't think this look at this story from about a year ago:http://www.businessinsider.com/a-chinese-billionaire-may-have-hidden-6-of-the-worlds-aluminum-in-the-mexican-desert-2016-9Why exactly would a Chinese billionaire store 6% of the world's aluminum in a desert in Mexico along the US border if it wasn't to illegally get it to the US via NAFTA? And for this and a few others caught I guarantee there is at least 10x more coming through illegally. The best part was the end when he said 'my bad...we really meant to send that to Vietnam.' That said I'm assuming this is more of a negotiating ploy than anything else...long term I'm ok with China subsidizing our raw materials...the balance in trade has to be in respecting intellectual property (they don't), opening up their markets to our finished products (they don't unless their specific market isn't caught up enough to make it themselves), and opening up their internal businesses to non-Chinese investments. And we have an inertia of 30 years of politicians not really caring...I'll believe that actually changed when I see some of those things addressed.
Sounds grand, but "material" is only about 15% of the total cost of a pipeline...labor is the largest chunk of it, transportation of the pipes, land rights, etc. etc. So a 25% tariff on steel means the actual pipeline costs only go up less than 4%...A public reference from a couple years ago...https://www.ogj.com/articles/print/volume-112/issue-9/special-report-pipeline-economics/crude-oil-pipeline-growth-revenues-surge-construction-costs-mount.htmlLike I said, the Bloomberg guy was a moron...
LO fucking LBill Richardson: Trump doing right thing.https://www.cnbc.com/2018/03/02/democratic-congresswoman-supports-trumps-tariffs-we-cant-afford-to-lose-us-steel-production.html There are dumb fucking Democrats too. Your point?
LO fucking LBill Richardson: Trump doing right thing.https://www.cnbc.com/2018/03/02/democratic-congresswoman-supports-trumps-tariffs-we-cant-afford-to-lose-us-steel-production.html
LO fucking LBill Richardson: Trump doing right thing.https://www.cnbc.com/2018/03/02/democratic-congresswoman-supports-trumps-tariffs-we-cant-afford-to-lose-us-steel-production.html There are dumb fucking Democrats too. Your point? Tariffs & protectionism is a long union/Dem position. How I love the hypocrisy on parade.
Always grand when one dumb response is not good enough so CirrhosisoftheBrain hits reply twice and still ignores all the salient points.HondoFS must be proud...
Sounds grand, but "material" is only about 15% of the total cost of a pipeline...labor is the largest chunk of it, transportation of the pipes, land rights, etc. etc. So a 25% tariff on steel means the actual pipeline costs only go up less than 4%...A public reference from a couple years ago...https://www.ogj.com/articles/print/volume-112/issue-9/special-report-pipeline-economics/crude-oil-pipeline-growth-revenues-surge-construction-costs-mount.htmlLike I said, the Bloomberg guy was a moron... Even if I take your numbers at face value a 4% increase on a several hundred million dollar pipeline isn't non trivial. I'm sure you would be happy to eat a 4% increase in your income or property taxes because it's only 4%, right?The major oil and natural gas trade groups already came out against the tariff. Bloomberg and the other outlets are now just reporting on it. But if HoustoFS says that it's not a big deal then I guess I should just dismiss what the entire industry is saying.
Sounds grand, but "material" is only about 15% of the total cost of a pipeline...labor is the largest chunk of it, transportation of the pipes, land rights, etc. etc. So a 25% tariff on steel means the actual pipeline costs only go up less than 4%...A public reference from a couple years ago...https://www.ogj.com/articles/print/volume-112/issue-9/special-report-pipeline-economics/crude-oil-pipeline-growth-revenues-surge-construction-costs-mount.htmlLike I said, the Bloomberg guy was a moron... Even if I take your numbers at face value a 4% increase on a several hundred million dollar pipeline isn't non trivial. I'm sure you would be happy to eat a 4% increase in your income or property taxes because it's only 4%, right?The major oil and natural gas trade groups already came out against the tariff. Bloomberg and the other outlets are now just reporting on it. But if HoustoFS says that it's not a big deal then I guess I should just dismiss what the entire industry is saying. Even if?A several hundred million dollar pipeline is a cheap pipeline...but you can't generate the hysteria by saying their costs are going up 3-4% as you can saying their costs are going up 25%. Especially since all these oil companies just got a significant corporate tax cut (most of the midstream guys are MLPs and get out of that though...). I'm sure they did and more power to them...that's the system we have. My point is just my opinion as to why you are seeing this...i.e. its directly pointed at China and the NAFTA agreement negotiations currently going on, and its not nearly as significant as the hysterical folks would have you believe. I'm all for China subsidizing our raw materials...but I'm also all for actual free and fair trade back and forth with them which is anything but what we currently have.
Sounds grand, but "material" is only about 15% of the total cost of a pipeline...labor is the largest chunk of it, transportation of the pipes, land rights, etc. etc. So a 25% tariff on steel means the actual pipeline costs only go up less than 4%...A public reference from a couple years ago...https://www.ogj.com/articles/print/volume-112/issue-9/special-report-pipeline-economics/crude-oil-pipeline-growth-revenues-surge-construction-costs-mount.htmlLike I said, the Bloomberg guy was a moron... Even if I take your numbers at face value a 4% increase on a several hundred million dollar pipeline isn't non trivial. I'm sure you would be happy to eat a 4% increase in your income or property taxes because it's only 4%, right?The major oil and natural gas trade groups already came out against the tariff. Bloomberg and the other outlets are now just reporting on it. But if HoustoFS says that it's not a big deal then I guess I should just dismiss what the entire industry is saying. Even if?A several hundred million dollar pipeline is a cheap pipeline...but you can't generate the hysteria by saying their costs are going up 3-4% as you can saying their costs are going up 25%. Especially since all these oil companies just got a significant corporate tax cut (most of the midstream guys are MLPs and get out of that though...). I'm sure they did and more power to them...that's the system we have. My point is just my opinion as to why you are seeing this...i.e. its directly pointed at China and the NAFTA agreement negotiations currently going on, and its not nearly as significant as the hysterical folks would have you believe. I'm all for China subsidizing our raw materials...but I'm also all for actual free and fair trade back and forth with them which is anything but what we currently have. I seem to remember you freaking out about the 2.3% medical device tax. Now 4% doesn't matter.
Had nothing to do with FED dumping assets. Nothing at all. Please explain why the tariffs will help this country? This will spark a trade war and the losers will be consumers. I actually don't mind tariffs. This is essentially a consumption tax. The more imported crap you use, the more you pay. I kind of wish we just had a national sales tax vs income tax anyway. At least everyone pays for this tax.
Had nothing to do with FED dumping assets. Nothing at all. Please explain why the tariffs will help this country? This will spark a trade war and the losers will be consumers.
Had nothing to do with FED dumping assets. Nothing at all.
China accounts for about 2% of our steel imports. This doesn't do jack shit to them.Our poutine-eating, hockey-loving brethren to the north and our mezcal and taco-making brethren to the south are the primary countries impacted, along with Brazil. Sounds like the EU effects them more than us?it may all be moot if China does join modern steel manufacturing. Their edge has been production like the US in the 19th century. Very dirty
China accounts for about 2% of our steel imports. This doesn't do jack shit to them.Our poutine-eating, hockey-loving brethren to the north and our mezcal and taco-making brethren to the south are the primary countries impacted, along with Brazil.
Watching toppy hug Houston's nuts is as funny as watching Houston hug Trump's nuts.I know about tariffs on a macro level, fuckface. I know virtually every economist will say they're stupid and ineffective and only lead to higher prices. Then there's retarded twats like you and Houston who support higher consumer prices because you just gotta wash Trump's balls like the faggot you are. Gee, let's roll back regulations to save costs - and then implement tariffs.......to raise costs. You're a fucking retard, toppy.
