View: https://twitter.com/SpencerHakimian/status/1912586936629223558?t=4deROUqp-c02o6VLYchpJQ&s=19Chinese purchases of American oil are down -90% Y/Y, while Chinese purchases of Canadian oil are up +700% Y/Y.
— Spencer Hakimian (@SpencerHakimian) April 16, 2025
That’s a $20B annual loss for the United States at $60/barrel. pic.twitter.com/Q4N1jzHWCF
And that kind of stuff is just starting , a lot of countries around the world are looking at other countries to buy stuff they were buying here because of Trump tariffs.
Why does China, or anybody, buy oil from the u.s. when we use more than we produce?
More oil for us. Good.
They don't. They get their oil from sources in Asia.
It's not 'starting' or happening at all, Tball.
No, because of their own tariffs. They don't pay Trump tariffs, Tball.
You can't blame the current economic depression caused by Democrats on Trump, Tball!
Yet other countries tariffs on us don’t hurt those countries right?
Excellent.
I never said they didn't did I .
Lower oil costs for the rest of the world? Say it ain't so.