Quote:
Originally Posted by Tron_fdc
It's probably one of the few industries that could absorb it. Differential is currently around 25% (WCS to WTI), so adding 10% to WCS would still make it palatable to US refiners, who would likely just pass the increase down anyways.
In essence Trump just created a fuel tax.
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yeah and it gets absorbed with the currency, as well as turnarounds to some extent as well. I would be surprised if the tariff on energy wasn't being removed here. I was just joking because Smith would lose her mind.