Tag Archives: Canada

Why is Canadian oil so cheap? – Financial Post

$10 Handle On WCS Wow!  Canadian crude traded with a $10 handle! That is frickin’ stunning.  Production is stranded and nowhere to go.  Can’t use oil tankers for storage as they can’t get it to port. Here’s to wishing we … Continue reading

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The United States-Mexico Trade Agreement

Another “Potemkin trade deal.” Nothing there and will not move the needle in bringing back jobs to the U.S., in our analysis. That is why, we believe,  the markets like it — little impact on profit margins and the prospect … Continue reading

Posted in Economics, Trade War, Uncategorized | Tagged , , , | 12 Comments

Every Little Thing They Do On Trade Is Tragic

And Half Baked. Every little thing they do on trade is tragic Everything they do is wrong Even though the politics are more dramatic Now I know trade diversion in steel is on — paraphrasing Sting’s, Every Little Thing She … Continue reading

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US Imports Crude Oil Likes It’s 1999

(click here if charts are not observable)

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Sources of U.S. Petroleum Imports

Ask most Americans the major source of U.S. crude oil imports and they will probably respond the Persian Gulf.   Wrong!  The chart below shows the U.S. imports less than 15 percent from the Gulf.  More than 5o percent of petroleum … Continue reading

Posted in Charts, Crude Oil | Tagged , , , | 2 Comments

Global Corporate Tax Rates

Lots of chatter the President is going to propose  a corporate tax cut in his State of the Union speech.    Corporations hold billions off-shore and maybe it will nudge some of it back into domestic capital expenditures or hiring? … Continue reading

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