Since the US is a net importer of foreign oil, who do you think will pay this tariff?
I’m thinking that no one in the USA will pay this tariff on foreign oil ... because ... the USA will meet its own demand from domestic producers of oil, who don’t have to pay this tariff. The tariff will only be paid IF we have to import foreign oil. If we keep our own domestic production going and supplying ourselves ... then there will never be any foreign oil imported.
This was the trend ... for the USA to become a net exporter of oil, with the dramatic increase in our domestic oil production. Of course, that was before Saudi Arabia decided to destroy our domestic oil production by driving it out of business with super cheap oil!
America the Oil Exporter
http://www.politico.com/magazine/story/2014/07/america-the-oil-exporter-108707.html#.VMew9EdOKrU