So you're going to force every American consumer to pay $20/bbl more in tariffs than the rest of the world. That difference goes to the producers whether you call it a transfer or not.
And in the process you kill all the energy jobs related to exports.
Not sure that's a good trade off.
“So you’re going to force every American consumer to pay $20/bbl more in tariffs than the rest of the world. That difference goes to the producers whether you call it a transfer or not...And in the process you kill all the energy jobs related to exports.”
My Globalism instincts went out the door when it was found that 80% (at least) of our meds rely on China. I’m happy paying a bit more for gasoline, if it keeps our production from collapsing.
First we won’t be exporting much if the price is well below our production costs. Most importantly we will lose our energy independence and that’s what the President can’t allow to happen. SA could sell oil for $10 a barrel if they wanted to. Oil is practically on the ground over there. We cannot afford to let SA drive our domestic companies out with predatory pricing. Without Tariffs we will have low cost oil just long enough for American producers to hang it up then it will be $130 a barrel. It’s really that simple.