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...
Why 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.
It's not just Bloomberg, the entire oil and natural gas industry has slammed the tariffs. This is what AOPL said but I'm sure that HoustoFS knows better.
AOPL said the ICF study indicated that trade or material purchasing restrictions that raised pipe costs 25% would translate into a $76 million cost increase for a 280-mile pipeline project. Tariffs on steel or welded pipe could delay or cancel new projects and end up hurting American workers through less pipeline construction, AOPL said.
Addressing the steel market, AOPL said U.S. firms do not make enough pipeline-grade steel that must meet high quality specifications to protect against cracking or flaws that are not required for other steel products. Pipeline-grade steel is such a niche market -– at 3% of the total steel market -– that U.S. steel producers largely exited the business due to lower margins and chose to focus on higher volume products such as steel for cars and appliances, AOPL said.
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%...
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%...
Look at the trumpanzees rationalizing and justifying their desire to fuck over consumers to protect the useless and unproductive. Cars? Energy? They will only cost a little bit more... Same arguments unions and minimum wage advocates use. Same arguments from everyone who can’t compete on their own.
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%...
Yeah, what a moron! So if a 25% tariff is so trumptastic why not make it 100%? 200%?
Just think how great things will be then! Just like increasing the minimum wage makes us all wealthier. More protection for uneconomic US assets the better!
Tariffs & protectionism is a long union/Dem position. How I love the hypocrisy on parade.
True. The GOP deserves credit for its historical opposition to tariffs as self-defeating stupidity. Except for for a few lonely and feeble voices of opposition to this, where is the GOP now?
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...
Please. Go on defending tariffs and protectionism. You are a font of “salient” points about fucking over consumers to protect inefficiency and obsolescence.
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%...
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%...
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%...
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.
@HoustonHusky is one of a few people on this bored who probably understands the full macro implications of tariffs.
The rest of you are fucking idiots overreacting because the word Trump is involved and like Pavlov's dog you start mouth breathing the second you see his name.
If anyone believes the tariffs are meant for the long run, you're an idiot.
Trump is setting in motion a number of steps, he, and his administration, believes will bring jobs to America. And, those jobs will be found among his base.
Tariffs are negotiation tools.
Even those who wash Obama's balls know he tinkered with Tariffs, difference is he didn't have a spine to negotiate with.
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%...
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.
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.
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%...
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
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.
You're as predictable as a morning shit.
You're knowledge of tariffs is about the same level of understanding, of that I am sure.
Implemented tariffs don't work. However, in negotiations, the threat does work. Of course nothing works if don't have a purpose to threaten the tariff.
I assume, since you are hurling insults and being an Interwebs tuff guy, you now what the larger purpose is and why Trump is doing what he is.
I don't know, or even pretend to know why Trump is doing it. But when the dust settles he'll be held accountable at the ballot box.
You'll spout off and be the tuff guy you are and make fun of Trump.
Just like you did when he ran his campaign that went 18-0 against some of the biggest names in political history.
In the end, you're just a dumb fuck who strokes his meat pretending to be something you're not.
Comments
Addressing the steel market, AOPL said U.S. firms do not make enough pipeline-grade steel that must meet high quality specifications to protect against cracking or flaws that are not required for other steel products. Pipeline-grade steel is such a niche market -– at 3% of the total steel market -– that U.S. steel producers largely exited the business due to lower margins and chose to focus on higher volume products such as steel for cars and appliances, AOPL said.
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.html
Like I said, the Bloomberg guy was a moron...
Same arguments unions and minimum wage advocates use. Same arguments from everyone who can’t compete on their own.
Just think how great things will be then! Just like increasing the minimum wage makes us all wealthier. More protection for uneconomic US assets the better!
HondoFS must be proud...
It’s always grand.
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.
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.
The rest of you are fucking idiots overreacting because the word Trump is involved and like Pavlov's dog you start mouth breathing the second you see his name.
If anyone believes the tariffs are meant for the long run, you're an idiot.
Trump is setting in motion a number of steps, he, and his administration, believes will bring jobs to America. And, those jobs will be found among his base.
Tariffs are negotiation tools.
Even those who wash Obama's balls know he tinkered with Tariffs, difference is he didn't have a spine to negotiate with.
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.
https://www.yahoo.com/news/paul-ryan-comes-trump-tariffs-172903466.html
You're knowledge of tariffs is about the same level of understanding, of that I am sure.
Implemented tariffs don't work. However, in negotiations, the threat does work. Of course nothing works if don't have a purpose to threaten the tariff.
I assume, since you are hurling insults and being an Interwebs tuff guy, you now what the larger purpose is and why Trump is doing what he is.
I don't know, or even pretend to know why Trump is doing it. But when the dust settles he'll be held accountable at the ballot box.
You'll spout off and be the tuff guy you are and make fun of Trump.
Just like you did when he ran his campaign that went 18-0 against some of the biggest names in political history.
In the end, you're just a dumb fuck who strokes his meat pretending to be something you're not.