U.S. President-elect Donald Trump does not intend to spare crude oil from his planned 25% import tariffs on Canada and Mexico, sources told Reuters on Tuesday, as the oil industry warned the policy could hurt consumers, industry and national security. Canada and Mexico are the top sources of U.S. crude oil imports, together accounting for around a quarter of the oil U.S. refiners process into fuels like gasoline and heating oil, according to the U.S. Department of Energy.
The environmentalist in me is rather happy to hear this. Frankly, 25% is too low. Trump may be crazy, but if his trade war(s) mean higher prices on fuel for the biggest driver of climate change on the planet, I’ll take it
This will make oil in the USA even more expensive, making alternate yet energy more attractive, and hopefully push us over peak oil. Assuming the USA has a domestic wind/solar industry…
The environmentalist in me is rather happy to hear this. Frankly, 25% is too low. Trump may be crazy, but if his trade war(s) mean higher prices on fuel for the biggest driver of climate change on the planet, I’ll take it
This will make oil in the USA even more expensive, making alternate yet energy more attractive, and hopefully push us over peak oil. Assuming the USA has a domestic wind/solar industry…
I think he’s just going to go to Russia for the fuel.