If the US had a transatlantic pipeline, we'd be happy to buy *more*. "In 2023, US energy exports to the EU were valued at over $30 billion, with two-thirds of all US LNG shipments going to Europe, and the U.S. exported around $10 billion of crude oil, with just under half sent to Europe." "The average price ratio between LNG and pipeline natural gas can be stark. In many scenarios, LNG prices are two (2) to five (5) times higher than the prices of natural gas in regions where pipeline infrastructure is well-developed and supply is ample. In specific cases, especially when natural gas prices are unusually low (around US$ 2/MMBtu), LNG prices in high-demand markets can be up to five (5) times or more than the price of pipeline natural gas." Of course he never mentions *services*, where the US has a large trade surplus.
Rand Paul is on CNBC bitching about tariffs. Joe should ask him how many Corvettes his factory in KY sells to China or Japan. Or Europe. There might be a few in the EU I suppose. Good looking cars really.
Then what is Trump complaining about? That the richest country in the world buys more from other poorer countries? You realize part of that money is coming from foreigner investing in the US, right?
It is Tuesday. Transition day. Crazy weather here I have the pool cover off, flowers beginning to pop up and 30 degrees tonight with 60 MPH winds... I will probably use today to get out of some dumb buys like SNOW. We'll see. There was an insider sell that pissed me off today// and a buy at I think AMAT. Got several messages this morning about dear Ackerman.. boy he got his balls ripped off in a few articles where they re printed is rah rah Trump stuff before the elction and his trail of tears and whining now. I am so pumped! Bill is one of the guys I lectured. No he did not get back in touch! He really is a bad egg.
Read up on the method they used to come up with the Tariffs. Grade school stuff. Dumb as his bronzer I would say.
And make sure you know the accounting trick.. that is going to incur us a ratings downgrade! You Heard It Hear First. par usual. Does it make me feel better I was right about everything. no. No No No.
Probably that lol. For real though, it doesn't make a lot of sense (to me at least) to buy oil and gas from someone you are trying to defeat in war. I guess it beats freeezing to death and/or walking. But still.
"While the EU applies a 10% Most Favored Nation (MFN) tariff on cars, it's important to note that the US imposes a 25% tariff on pickup trucks—the largest segment of the US auto market, accounting for about one-third of all vehicle sales. In fact, the best-selling vehicle in the US is a pickup truck, the Ford F-150." US cars don't sell well abroad because, to put it mildly, they're shit https://www.bloomberg.com/opinion/a...riff-myth-that-just-won-t-die-in-trump-s-head Same with your chickenshit-marinated chicken, etc. Make better cars, raise cleaner chickens.