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dude, there was never any super dole
like the Donald J Trump super dole in 2020
It's old news. You're in fact the one who clued me in on Biden first & now Trump providing health-care/FULL RIDE for Israeli's.
dude, there was never any super dole
like the Donald J Trump super dole in 2020
https://www.dallasfed.org/research/s...1#tab-commentsDallas Fed Energy Survey
Comments from Survey Respondents
- The key word to describe 2025 so far is “uncertainty” and as a public company, our investors hate uncertainty. This has led to a marked increase in the implied cost of capital of our business, with public energy stocks down significantly more than oil prices over the last two months. This uncertainty is being caused by the conflicting messages coming from the new administration. There cannot be "U.S. energy dominance" and $50 per barrel oil; those two statements are contradictory. At $50-per-barrel oil, we will see U.S. oil production start to decline immediately and likely significantly (1 million barrels per day plus within a couple quarters). This is not “energy dominance.” The U.S. oil cost curve is in a different place than it was five years ago; $70 per barrel is the new $50 per barrel.
- First, trade and tariff uncertainty are making planning difficult. Second, I urge the administration to engage with U.S. steel executives to boost domestic production and introduce new steel specs. This will help lower domestic steel prices, which have risen over 30 percent in one month in anticipation of tariffs.
- The administration's chaos is a disaster for the commodity markets. "Drill, baby, drill" is nothing short of a myth and populist rallying cry. Tariff policy is impossible for us to predict and doesn't have a clear goal. We want more stability.
- The disconnection of oil and natural gas markets, specifically commodity pricing, seems to be causing a feast-or-famine effect on the industry. Companies with natural-gas-weighted assets will spend more money in 2025 developing their assets, but oil-weighted companies will decrease capital spending with the current pressure on oil pricing for 2025.
- The administration’s tariffs immediately increased the cost of our casing and tubing by 25 percent even though inventory costs our pipe brokers less. U.S. tubular manufacturers immediately raised their prices to reflect the anticipated tariffs on steel. The threat of $50 oil prices by the administration has caused our firm to reduce its 2025 and 2026 capital expenditures. "Drill, baby, drill" does not work with $50 per barrel oil. Rigs will get dropped, employment in the oil industry will decrease, and U.S. oil production will decline as it did during COVID-19.
- I have never felt more uncertainty about our business in my entire 40-plus-year career.
- Uncertainty around everything has sharply risen during the past quarter. Planning for new development is extremely difficult right now due to the uncertainty around steel-based products. Oil prices feel incredibly unstable, and it's hard to gauge whether prices will be in the $50s per barrel or $70s per barrel. Combined, our ability to plan operations for any meaningful amount of time in the future has been severely diminished.
- The only certainty right now is uncertainty. With that in mind, we are approaching this economic cycle with heightened capital discipline and a focus on long-term resilience. I don't believe the tariffs will have a significant effect on drilling and completion plans for 2025, although I would imagine most managers are developing contingency plans for the potential effects of deals (Russia-Ukraine deal, Gaza-Israel-Iran deal) on global crude or natural gas flows. Now these contingency plans probably have more downside price risk baked in than initial drilling plans did for 2025.
- Steel prices and overall labor and drilling costs are up relative to the price of oil in 2021 (the same pricing regime but costs are up).
- Oil prices have decreased while operating costs have continued to increase. To stimulate new activity, oil prices need to be in the $75-$80 per barrel range. Natural gas take-away in the Permian Basin has not improved for any of my properties, and I am still getting paid slightly negative to barely positive prices for natural gas. Last month I was paid 29 cents per million cubic feet. I feel very negative about the short-term outlook for the oil and gas business.
- Geopolitical risk and economic uncertainty continue to cloud our picture looking forward.
- The rhetoric from the current administration is not helpful. If the oil price continues to drop, we will shut in production and do quick drilling.
...
https://eu.freep.com/story/money/car...s/82669903007/Major US steel manufacturer laying off 600 in Dearborn, citing weak auto demand
Steelmaker Cleveland-Cliffs Inc. will idle some operations at its Dearborn plant this summer, indicating “the current reality of weak automotive production in the U.S.” as the reason it will lay off about 600 employees.
The company will idle the Michigan basic oxygen furnace steel shop and continuous casting facilities.
Cleveland-Cliffs’ Michigan shutdown comes after similar moves in Minnesota, where another nearly 600 steelworkers will be laid off starting in May.
Robert Fischer, executive vice president of human resources and labor relations for Cleveland-Cliffs, said in a letter to employees that 255 workers from Hibbing Taconite Co. and another 342 from Minorca Mine would be impacted, a local Fox outlet reported.
...
In a Victory for Autoworkers, Auto Tariffs Mark the Beginning of the End of NAFTA and the “Free Trade” Disaster
https://uaw.org/tariffs-mark-beginni...r-autoworkers/
"With these tariffs, thousands of good-paying blue collar auto jobs could be brought back to working-class communities across the United States within a matter of months, simply by adding additional shifts or lines in a number of underutilized auto plants. Right now, thousands of autoworkers are laid off at Ford, General Motors, and Stellantis following recent decisions by auto executives to ship jobs to Mexico.
Across a dozen Big Three auto plants that have seen major declines, production has fallen by 2 million units per year in the past decade, while millions of vehicles sold here are made with low-wage, high-exploitation labor abroad. That means auto companies that have made record profits get to drive wages down further for both Mexican and U.S. workers while Wall Street and the corporate class get record payouts.
Those plants include Ford Flat Rock Assembly (Flat Rock, MI), Ford Louisville Assembly (Louisville, KY), Ford Ohio Assembly (Sheffield, OH), Ford Michigan Assembly (Wayne, MI), GM Fairfax (Kansas City, KS), GM Lansing Grand River (Lansing, MI), GM Factory Zero (Detroit & Hamtramck, MI), GM Spring Hill (Spring Hill, TN), Stellantis Warren Truck Assembly (Warren, MI), Stellantis Toledo Assembly (Toledo, OH), Stellantis Sterling Heights Assembly (Sterling Heights, MI), Stellantis Jefferson North Assembly (Detroit, MI). The same pattern can be seen in the heavy truck industry, whether at Freightliner in North Carolina, Navistar in Ohio, or dozens of other employers across the economy.
The economic benefits of filling these plants back up with product and good auto jobs would be enormous and have a cascading effect throughout communities from Michigan to Tennessee.
At Volkswagen in Chattanooga, Tennessee, the company recently violated labor law by unilaterally announcing the elimination of a shift during first contract negotiations. Volkswagen makes 75% of their North America product in Mexico for $7 an hour, and over 40% of their U.S. sales are produced by workers earning poverty wages in Mexico. That shift should be restored immediately as production shifts back to the US.
At Warren Truck Assembly Plant in Warren, Michigan, for example, over 1,000 autoworkers are laid off while the plant sits underutilized and $100,000 Stellantis trucks are built in Mexico for $3 an hour. These layoffs were announced less than six months ago and could be undone. Those jobs could be brought back to Michigan immediately with well-designed auto tariffs.
In addition to idle capacity at existing plants, there are plants that stand empty and with moderate retooling could easily employ tens of thousands of workers. Lordstown Assembly sits empty in Lordstown, Ohio, and employed nearly 10,000 autoworkers when NAFTA was passed. Belvidere Assembly is slated to reopen with around 1,500 jobs; as recently as 2019, the plant employed 5,000 autoworkers.
The Big Three have closed or spun off 65 facilities in the past 20 years. There is plenty of work to go around at profitable margins, and plenty of working-class people looking for good, union jobs. With a serious tariff regime, we can incentivize the Big Three and the rest of the auto industry to reinvest in the American autoworker, and America’s blue-collar communities."
"could be"
Will they?
Also, you've really limited your posts to just this?
Do you still like Pete? You sure shut the up about him for some reason.
...you couldn't drag me away.
https://www.freep.com/story/money/ca...p/82669981007/“If the tariffs go through this time, by mid-April, we expect disruption to virtually all North American vehicle production amounting to 20,000 fewer vehicles produced per day, which is about a 30% hit to production,” Smoke said.
- "Promises, promises."
- Ernie "The Cat" Ladd
Lol tsa
Not steel & aluminum mind ya's but take a ganders at these tariffs coming out of Canada...
Chicken: 263%
Turkey: 179%
Butter: 175%
Dairy Spreads: 165%
Milk: 155%
Cheese: 147%
Beef: 77%
Pork: 77%
Eggs: 66%
Flour: 40%
Wheat: 38%
Orange Juice: 25%
Peanut Butter: 25%
Let us proceed...
Trump how other auto companies should run their business after he unilaterally raised their costs, and threatening them if they don't
https://www.wsj.com/business/autos/t...rning-928bc7a9When President Trump convened CEOs of some of the country’s top automakers for a call earlier this month, he issued a warning: They better not raise car prices because of tariffs.
Trump told the executives that the White House would look unfavorably on such a move, leaving some of them rattled and worried they would face punishment if they increased prices, people with knowledge of the call said.
"sell your product at a loss or else" is quite the flex
are price controls on the way?
Let us proceed...
https://www.cnbc.com/2025/03/27/trum...-analysts.htmlPrices that consumers pay on the lot could increase by $4,000 to $15,000 per vehicle, depending on how much of the car is imported, according to several analysts’ estimates.
The tariffs will kick in at midnight on April 3, and Trump has said they will be “permanent.”
underrated: Trump pissing off Japan
https://asiatimes.com/2025/03/trumps...m-chinas-byd/#Nor is Tokyo happy. Toyota Motor, the globe’s biggest automaker, exports roughly half the vehicles it sells to the US market. This is despite Toyota running sprawling factories in Indiana, Kentucky, Mississippi and Texas and large engine plants in Alabama and West Virginia.
It’s also despite Japan’s 100% compliance with the free-trade agreement Trump 1.0 negotiated with former Japanese leader Shinzo Abe.
The stories analysts like to tell about the global car industry are rarely straightforward. Musk, for example, didn’t found Telsa – he bought the company from Martin Eberhard and Marc Tarpenning.
Nor is it clear Tesla would’ve survived without a ginormous $465 million federal loan from US President Barack Obama’s administration.
, they ain't sent a Japanese child to the slaughters in over 80 years. Bombing Pearl worked out just fine for them.
No MIC. They use our MIC.
us.
just winging it
https://www.politico.com/news/2025/0...fears-00259081“No one knows what the is going on,” said one White House ally close to Trump’s inner circle, granted anonymity to speak freely. “What are they going to tariff? Who are they gonna tariff and at what rates? Like, the very basic questions haven’t been answered yet.”
Indeed, while the White House is projecting confidence publicly, multiple administration officials, as well as top allies on the outside, are privately concerned that next week’s roll-out could be as rocky as when he imposed tariffs on Canada, Mexico and China on March 4, worsening a rout on stocks that began in mid-February. Though the S&P 500 has since regained some ground, all of its previous gains since Election Day have been erased.
Part of that is because Trump continues to threaten to plow ahead with an expansive tariff rollout, siding with the trade protectionists in his administration despite warnings from other advisers of the negative economic impacts. Inflation rose at a higher-than-expected rate last month, the Commerce Department disclosed on Friday, even before the potential onslaught of higher prices from the sweeping tariffs.
But it’s also because the president continues to throw curveballs at businesses — and even his own team.
Case in point: Wednesday’s decision to slap the auto industry with 25 percent tariffs. While expected in some fashion in the near future, the announcement came together so last minute that the White House wasn’t fully prepared and had to delay afternoon programming as they sought to finalize the plan, according to two people familiar with the roll-out.
The White House also didn’t brief industry stakeholders in the U.S. or abroad beforehand — though a White House official argued that if they were “smart” they would have known it was coming, since Trump himself issued a public warning.
It ain't life or death, Winester.
If he pussy's out altogether the world will win, right, W?
If he hedges, or, goes thru with it altogether then the world loses, right, W?
https://www.reuters.com/world/asia-p...om-2025-03-30/South Korea, China, Japan agree to promote regional trade as Trump tariffs loom
...
"It is necessary to strengthen the implementation of RCEP, in which all three countries have participated, and to create a framework for expanding trade cooperation among the three countries through Korea-China-Japan FTA negotiations," said South Korean Trade Minister Ahn Duk-geun, referring to the Regional Comprehensive Economic Partnership.
The ministers met ahead of Trump's announcement on Wednesday of more tariffs in what he calls "liberation day", as he upends Washington's trading partnerships.
Seoul, Beijing and Tokyo are major U.S. major trading partners, although they have been at loggerheads among themselves over issues including territorial disputes and Japan's release of wastewater from the wrecked Fukushima nuclear power plant.
They have not made substantial progress on a trilateral free-trade deal since starting talks in 2012.
RCEP, which went into force in 2022, is a trade framework among 15 Asia-Pacific countries aimed at lowering trade barriers.
...
They have not made substantial progress on a trilateral free-trade deal since starting talks in 2012.
That's an easy fix...close the Shangri-La base there in the South of Korea leaving them to the North of Korea and the fat slope.
Tell Japan the next time there is a dust up ANYWHERE on the face of the earth they're gonna send their children to that slaughterPERIOD
Tell China..."Let us proceed..."
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