[nascarnation]

I don’t understand why Fritz Oilbuyer in Germany would pay for US oil at world price + a tariff when he can get oil from Iraq or Saudi Arabia at the world price.

[Milton Miteybad]

He wouldn't.

I'm still trying to get my head around why some would think it a good idea for a nation with the capacity to export high-value goods such as finished gasoline to place a tariff on those goods sold into the international market, thus rendering them non-competitive. It just seems incredibly dumb to handicap your exports in the international marketplace, where the idea is to sell more exported goods, not fewer.

Some people may be forgetting that a lot of the finished gasoline we export is refined from imported crude oil, i.e., not all the gas being exported started out as American crude. Some of it is American crude, but not all of it, obviously.

[Alas Babylon!]

I’m going by the article we’re all discussing that states American oil is being sold to foreign concerns more than in the past?

If that is the case, should we sell lower than the Saudis? Can’t the tariff be the price difference?