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Posted
Just now, TwiceHorn said:

I have visited the Foxconn facility in Shenzhen, granted it's been 10-15 years.  They were spraypainting computer chassis hanging from hooks in an open-air building with the windows and doors open.  They might have had paper face masks.

I have seen the nets on the dormitory buildings.

It's bad.

Yep, I have also seen those factories, these are not the working standards we would tolerate in our own country. 

Posted
11 minutes ago, DixonHur said:

Important question.  How does this impact our NIL money?

You might want to consider the University of Texas O&G rights, which are a percentage of every well in the state, including mine.

Posted
5 minutes ago, chainsaw said:

That seems no worse than US-based factory farm operations, where they were placing bets on who would die from COVID.

That's just an example.  The working conditions on assembly lines and hours are atrocious.  And the management style, even for professionals like engineers and patent agents, makes Gunny Hartman look like a pussy.

Posted
1 minute ago, TwiceHorn said:

That's just an example.  The working conditions on assembly lines and hours are atrocious.  And the management style, even for professionals like engineers and patent agents, makes Gunny Hartman look like a pussy.

The difference is the government there can actually deter companies from exploiting their workers, if they're inclined to do so. Is it possible things improved after all that bad press? I know Foxconn has rapidly expanded operations worldwide including nearby in Mexico. Another part is probably cultural. Different standards for tolerance of discomfort and work ethic.

Posted
1 hour ago, TwiceHorn said:

I have visited the Foxconn facility in Shenzhen, granted it's been 10-15 years.  They were spraypainting computer chassis hanging from hooks in an open-air building with the windows and doors open.  They might have had paper face masks.

I have seen the nets on the dormitory buildings.

It's bad.

‘Member when Foxconn was going to build a gigantic plant in Wisconsin during Trump 1.0 and he made a big show about it by attending the announcement? I ‘member. 

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Posted
1 hour ago, hornbri said:

Yep, I have also seen those factories, these are not the working standards we would tolerate in our own country. 

YET

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Posted
47 minutes ago, Js1 said:

YET

Yeah....I mean....we literally have our national leadership willing to go to economic war with the entire fucking planet for the privilege of getting sweatshops back here.  They fucking SAID SO.

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Posted
3 minutes ago, Brisketexan said:

Yeah....I mean....we literally have our national leadership willing to go to economic war with the entire fucking planet for the privilege of getting sweatshops back here.  They fucking SAID SO.

The children yearn for the mines and the factories

And don't demand water if it's hot, at least in Texas

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Posted
6 hours ago, 'stache said:

I don’t disagree that past administrations (or more accurately Congresses) should have been much stronger against China through tariffs and otherwise. But again, that’s not what this is about, and I can guarantee you that Xi has actual competent people around him while dotard does not and is just being performative. 

Trump has Musk and Navarro going at each other publicly.  We are about to have Musk determining our foreign policy (which could mean tariffs are dropped for China, or dropped back down).

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Posted
3 hours ago, RPM said:

You might want to consider the University of Texas O&G rights, which are a percentage of every well in the state, including mine.

Not every well, just university lands mostly in far west Texas 

Posted
1 hour ago, atomheartbevo said:

Trump has Musk and Navarro going at each other publicly.  We are about to have Musk determining our foreign policy (which could mean tariffs are dropped for China, or dropped back down).

Musk determining our foreign and economic policy.  He's sure making a play to take over both and he really ramped it up with Navarro over the tariff stuff.

Posted
33 minutes ago, atomheartbevo said:

Musk determining our foreign and economic policy.  He's sure making a play to take over both and he really ramped it up with Navarro over the tariff stuff.

Musk is a horrible loathsome toad, but with respect to his attacks on Navarro as a completely insane utter moron....

when-the-worst-person-you-know-makes-a-d

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Posted
1 minute ago, 956 Worldwide said:

Lol at chainsaw arguing that the CCP could be really awesome if they wanted to be and that the Chinese like sweatshops anyway. 

That's not at all what I said but of course you're incapable of honest discussion and fond of defending genocides

Posted
1 hour ago, Judge Roybeanbag said:

Musk doesn’t want to poke the BYD bear too hard.

If they are building multiple factories far larger than anything the Germans have done, I'd say the bear has been poked. They are absolutely going to try and clean up from all of the countries angry at Musk/Trump.  The tariffs are just the icing on the cake and not the cause - those massive factories didn't plan themselves in the last few weeks.

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Posted
1 hour ago, Bolero88 said:

Not good for Russia. I don’t mind one bit.

53 minutes ago, RPM said:

Not good for us either. 

Yeah, but somebody promised to lower the price of gas, so the tariffs are giving us a small victory?

Posted

Oil and gas industry getting screwed? I love to see it. Dumbass Trumpers who repeatedly said the industry was hurting under the previous admin 

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Posted
6 minutes ago, Js1 said:

Oil and gas industry getting screwed? I love to see it. Dumbass Trumpers who repeatedly said the industry was hurting under the previous admin 

Chevron in Houston is supposed to have a 20% reduction soon. 

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Posted

I missed it where the tariffs on China are now 145% and not 125%.

Quote

Goods coming from China to the United States are now subject to at least a 145% tariff, the White House clarified today.

The 125% “reciprocal” tariff President Donald Trump announced on China yesterday comes on top of the 20% tariff that had already been in place. It hadn’t been clear yesterday if the tariffs were additive. The White House said Thursday they are.

 

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Posted
2 hours ago, Js1 said:

Oil and gas industry getting screwed? I love to see it. Dumbass Trumpers who repeatedly said the industry was hurting under the previous admin 

It was the same his last term, talk of drill baby drill but prices were lower and new production not in West Texas was very slow.  That was my experience as a landman working south Texas, yet somehow people still bought into drill baby again.  Then the tariffs with China are screwing my backup/side income business.  Next few months will be interesting.  Are we having fun yet?

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Posted
29 minutes ago, Hook1997 said:

That was my experience as a landman working south Texas, yet somehow people still bought into drill baby again.

It sounds so good when campaigning. You against drilling, treehugger?

Posted
17 minutes ago, SydneyCarton said:

This isn't a serious post, is it?

Lower inputs plus lower demand should equal lower prices, no? Please tell me why that wouldn’t be the case.

Posted
Ah oil prices, the Oklahoma dumbass delimma.
OIL PRICES HIGH:
Who'se president?
A democrat? GAS IS SO EXPENSIVE WHERE'S MY "I DID THAT" STICKERS?
A republican? OG JOBS ARE SAFE THANKS PRES!
 
OIL PRICES LOW:
Who'se president?
A democrat? THEY'RE TRYING TO DESTROY OG ECONOMY!
A republican? GAS PRICES ARE LOW THANKS PRES!

Perfection.
And truly spot-on and undeniable. That’s how Fox plays it.
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Posted
1 hour ago, Bolero88 said:

Lower inputs plus lower demand should equal lower prices, no? Please tell me why that wouldn’t be the case.

Well, unless they jack up the price to make up for the demand with the assumption that those who can pay still will pay. 

But that's really neither here nor there. The real issue is what happens to everyone, the economy, etc, if this behavior causes mass layoffs across multiple industries and hardship abounds, but you've got cheap as fuck gas, are you really getting ahead?

What happened to the price of Oil during the great depression, when the inputs were cheap as fuck (13 cents a barrel, about $5 and a half bucks in today's dollars) and demand was low? Spoiler alert, it was not great. But you're right, technically the gas WAS cheap. So if you don't mind the cost of everything else going apeshit and people being miserable, well, ok I guess?
 

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Posted
4 minutes ago, SydneyCarton said:

Well, unless they jack up the price to make up for the demand with the assumption that those who can pay still will pay. 

But that's really neither here nor there. The real issue is what happens to everyone, the economy, etc, if this behavior causes mass layoffs across multiple industries and hardship abounds, but you've got cheap as fuck gas, are you really getting ahead?

What happened to the price of Oil during the great depression, when the inputs were cheap as fuck (13 cents a barrel, about $5 and a half bucks in today's dollars) and demand was low? Spoiler alert, it was not great. But you're right, technically the gas WAS cheap. So if you don't mind the cost of everything else going apeshit and people being miserable, well, ok I guess?
 

There won't be mass layoffs from $60 A barrel of oil. Come on

Posted (edited)
3 minutes ago, Bolero88 said:

There won't be mass layoffs from $60 A barrel of oil. Come on

I don't think he is saying $60 oil will cause the layoffs. Look at the title of the thread. 

Edited by Dahobbs
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Posted (edited)
19 hours ago, Bolero88 said:

There won't be mass layoffs from $60 A barrel of oil. Come on

You're assuming it stays at $60. You're also assuming that if it stays at $60 for an extended period of time, companies won't lay off people. Remember, companies exist to make a profit. Downturns always lead to layoffs. Here's a couple of articles talking about the issue in the past, as well as speculating about these tariffs. 

https://www.houstonchronicle.com/business/economy/article/oil-industry-tariffs-opec-decision-layoffs-20258213.php

https://www.houstonchronicle.com/business/article/Houston-could-lose-thousands-of-jobs-if-oil-fails-15112330.php

But that's the oil industry alone. If the Oil industry is just a fraction of the other industries that are going to struggle because of Tariffs, it's a safe assumption there will be a lot of layoffs in lots of industries. Almost like a domino effect. In my original post, I specifically said mass layoffs across multiple industries. Did you think just one thing caused the great depression? Actually I take that back it was basically one thing; tariffs. 

Edited by SydneyCarton
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Posted (edited)

Refiners are already operating on thin margins. That's what I'm watching right now, how do refineries like MPC, P66, etc handle all this.

Edited by Vegas64
Posted
On 4/9/2025 at 8:33 AM, immamac said:

I'm saying that is likely a bad play, if embargos happen and we tell the world to pick sides, I don't think people are gonna pick china even with trump the lunatic in charge. It would be a massive gamble that China would magically convert everyone who loathes doing business with them in a snap call. 

I've been sour on China and cheap Walmart shit for quite some time now, it was always going to end this way. 

 

On 4/9/2025 at 9:56 AM, Firemans4Horn said:

 

Making America Great, one estranged trading partner at a time...

https://www.reuters.com/business/autos-transportation/eu-china-start-talks-lifting-eu-tariffs-chinese-electric-vehicles-handelsblatt-2025-04-10/

 

Spoiler

EU, China will look into setting minimum prices on electric vehicles, EU says

BERLIN, April 10 (Reuters) - The European Union and China have agreed to look into setting minimum prices of Chinese-made electric vehicles instead of tariffs imposed by the EU last year, a European Commission spokesperson said on Thursday.
 
German newspaper Handelsblatt reported earlier on Thursday that negotiations had begun.
 
EU trade commissioner Maros Sefcovic spoke with Chinese Commerce Minister Wang Wentao in the last 24 hours and both sides agreed to look into setting minimum prices, the EU spokesperson said.

The European Commission has said it is willing to continue negotiating an alternative to tariffs with China, which included tariffs of 17.0% for vehicles made by BYD (002594.SZ), opens new tab, 18.8% for Geely (GEELY.UL) and 35.3% for SAIC (600104.SS), opens new tab, on top of the EU's standard car import duty of 10%.

The discussions to potentially find a truce over the longstanding spat, which has also roiled French cognac makers as Beijing took retaliatory trade action, come as U.S. President Donald Trump has embarked on a trade war with some of the United States' closest trading partners, including the EU and China.

Beijing slapped punitive tariffs on French cognac last year, hurting sales in the world's No. 2 economy and a major brandy market for global companies including Hennessey, Remy Cointreau and Pernod Ricard.

German auto industry association VDA welcomed the talks between the EU and China, calling the duties a "mistake" and advocating for a negotiated solution.

"Regardless of current global developments, it must also be discussed here how to reduce obstacles and distortions in international trade, rather than building new hurdles," VDA said on Thursday.

German carmakers, which made a third of their sales last year in China, opposed the tariffs, worried about a trade conflict with the country's second most important trading partner after the U.S.

China's Commerce Ministry said in a statement that negotiations were set to start immediately.
 
Sefcovic has previously said any minimum prices would need to be as effective and enforceable as the EU tariffs.
 
Previous minimum price deals agreed by the EU have been for homogenous commodities, rather than complex products such as cars. The Commission has said it believes a single minimum price would not be adequate to counter injury caused by subsidies.
 
The EU increased tariffs on Chinese-built EVs to as much as 45.3% last October, but Brussels and Beijing have floated the idea of lifting the tariffs through possible commitments to minimum prices, known as price undertakings for imported cars.
 

 

Posted

Well it seems China's play was to get to basically what amounts to a reciprocal level of tariff that is a soft embargo and then say fuck it we are done and don't care what happens from here, if the US is serious they will get to a deal, if they aren't this is already too stupid for us to keep paying attention to. 

They intentionally used the word stupid. They intentionally are going to ignore anything more from an irrational actor. 

This is de-escalation, but they are refusing Xi to Trump direct negotiations, probably because Xi isn't a fucking economist and they want appropriate level to level talks to get to a deal. 

This seems like strong positioning of willingness to work with the US, but specifically not with trump or the stupid games he is trying to play. It really puts the US in a dire situation, because it's obvious to anyone watching that his economic advisory team is not calling the shots, he is and he is just doing random crazy bullshit. It will in fact erode the confidence of the United States even further if it doesn't in earnest negotiate like a normal country with China who is openly stating that they are willing to come to the table. Its obvious they think this sucks and isn't worth continuing and they want it over, but they aren't gonna play the trump crazy game. 

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Posted
1 hour ago, immamac said:

Well it seems China's play was to get to basically what amounts to a reciprocal level of tariff that is a soft embargo and then say fuck it we are done and don't care what happens from here, if the US is serious they will get to a deal, if they aren't this is already too stupid for us to keep paying attention to. 

They intentionally used the word stupid. They intentionally are going to ignore anything more from an irrational actor. 

This is de-escalation, but they are refusing Xi to Trump direct negotiations, probably because Xi isn't a fucking economist and they want appropriate level to level talks to get to a deal. 

This seems like strong positioning of willingness to work with the US, but specifically not with trump or the stupid games he is trying to play. It really puts the US in a dire situation, because it's obvious to anyone watching that his economic advisory team is not calling the shots, he is and he is just doing random crazy bullshit. It will in fact erode the confidence of the United States even further if it doesn't in earnest negotiate like a normal country with China who is openly stating that they are willing to come to the table. Its obvious they think this sucks and isn't worth continuing and they want it over, but they aren't gonna play the trump crazy game. 

I agree with your overall sentiment in this post, but I don’t think his economic advisory team is full of the best and brightest, either. Their guiding light is one Ron Vara, for chrissakes.

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Posted
Just now, royiv said:

I agree with your overall sentiment in this post, but I don’t think his economic advisory team is full of the best and brightest, either. Their guiding light is one Ron Vara, for chrissakes.

It isn't, China knows that and that's why they want to send their best and brightest to negotiate with a bunch of ass clowns. 

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