this post was submitted on 30 Jan 2025
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[–] FlyingSquid 117 points 1 day ago (4 children)
[–] Stamets 98 points 1 day ago (1 children)

They also import a shitload of electricity.

[–] FlyingSquid 73 points 1 day ago (1 children)

And pretty much anything made out of a tree.

[–] [email protected] 49 points 1 day ago* (last edited 1 day ago)

Lots of metals as well, TD has an analysis if interested.

Canada and Mexico are the 2 largest trading partners. Cusma review is next year, didn't he do the exact same thing going into the NAFTA 2.0 negotiations? Just wish we'd do a united front with Mexico on this.

[–] [email protected] 52 points 1 day ago (1 children)

Tariffs on oil and microchips, should make a nice dent in cost of living.

[–] [email protected] 1 points 21 hours ago

Yeap. Lot cheaper to live without a house payment!

[–] Serinus 17 points 1 day ago (1 children)

Those Biden "I did that" sticker on gas pumps are gonna look a hell of a lot different in hindsight.

[–] Bytemeister 8 points 1 day ago* (last edited 1 day ago) (1 children)

Couldn't have picked a better week to switch to an electric car.

[–] [email protected] 9 points 1 day ago (1 children)

Bad news. Cost of petroleum increasing probably increases the cost of electricity too. Energy is energy. If cost of one source of energy increases then other sources also increase price.

It probably won't be as bad as gas prices, but it's probably all going up.

[–] Bytemeister 2 points 21 hours ago (1 children)

Good news, my EV holds about 5 dollars of electricity in it. Doubling the price isn't going to be a huge deal. My partner's civic holds ~ 48 dollars worth of gas. Doubling that is going to be painful.

[–] [email protected] 2 points 21 hours ago

Yeah, good point. Electric is just always going to be cheaper. Still, it doesn't totally remove the effect of oil prices, which should be higher but not like this.

[–] [email protected] 2 points 1 day ago (2 children)

The United States is one of the world’s largest oil producers, producing enough crude oil for domestic consumption and exporting millions of barrels daily. In 2023, it exported just over 10 million barrels per day, or b/d, of petroleum to 173 countries and three US territories.

Yet, the US also imports roughly 8 million b/d, mostly heavy crude,60% of which comes from Canada, up from 33% in 2013. US oil refining capacity stood at 18.4 million barrels per day (b/d) as of Jan. 1, 2024. This may seem counterintuitive, but there are several reasons why the US still relies on imports.

That says that 60% of the oil the USA imports comes from Camada, not that the USA imports 60% of its oil from Canada.

[–] FlyingSquid 4 points 1 day ago (1 children)

Sorry... what's the difference? Both are about how much of the oil the U.S. imports comes from Canada.

[–] [email protected] 4 points 23 hours ago* (last edited 21 hours ago)

Maybe I'm not reading it the way others would. I would have understood "The US imports 60% of its oil from Canada" to mean that 60% of the oil the USA consumes comes from Canada, not 60% of the oil the USA imports. The oil consumed will include both domestically produced oil and imported oil.

[–] [email protected] 3 points 1 day ago* (last edited 1 day ago)

I lost track isn't Canada a reliable exporter of medical isotopes too?

Edit hmm seems the us imports alot of those https://healthimaging.com/topics/medical-imaging/molecular-imaging/why-us-still-dependent-foreign-medical-isotope-production