The thing is, Reagan really was against tariffs.

[berg80]

If the global market influences the price of market, then how much sense does it make to throw high levels of regulations and restrictions on your domestic energy companies when the global competition does not have the same regulatory constraints?

If the restrictions and regulations were so onerous, as you imply they were, how is it possible that the US oil industry produced a record amount of oil?

 

[LeftofLeft]

If the restrictions and regulations were so onerous, as you imply they were, how is it possible that the US oil industry produced a record amount of oil?

You are conflating record production with market efficiency. If record production levels were being hit and prices were still high, then supply clearly is not keeping up with demand.

Record production with high prices don’t provide justification or good reasoning for more regulations and restrictions. In a market for any good or commodity, it actually provides the basis for fewer restrictions and regulations

 

[berg80]

Record production with high prices don’t provide justification or good reasoning for more regulations and restrictions.

But climate change does.

 

[LeftofLeft]

But climate change does.

Man-made or man-influenced climate change is debatable. But, since you brought climate change as a justification, why should the US be held accountable to climate change restraints and hinder the economy while other oil producing nations who may be signatories to bullshit climate accords, thrive with no restrictions or enforcement?

 

[berg80]

Man-made or man-influenced climate change is debatable. But, since you brought climate change as a justification, why should the US be held accountable to climate change restraints and hinder the economy while other oil producing nations who may be signatories to bullshit climate accords, thrive with no restrictions or enforcement?

No it isn't.

Many things other than regulatory policy influences the price of oil.

Oil prices edged lower on Tuesday as OPEC+’s decision to pause output hikes in the first quarter next year along with weak manufacturing data and a stronger dollar weighed on the market.

Brent crude futures fell 45 cents, or 0.69%, to close at $64.44 a barrel. U.S. West Texas Intermediate crude shed 49 cents, or 0.8%, to settle at $60.56 a barrel.

“The succession of poor manufacturing PMIs from Asia and then the U.S. ISM is a worry for oil demand. So is the ever present market upsetting tariff threat,” said John Evans, analyst at PVM Oil Associates.

https://www.cnbc.com/2025/11/04/oil-steadies-as-market-digests-opec-output-plans.html

 

[LeftofLeft]

No it isn't.

Many things other than regulatory policy influences the price of oil.

Oil prices edged lower on Tuesday as OPEC+’s decision to pause output hikes in the first quarter next year along with weak manufacturing data and a stronger dollar weighed on the market.

Brent crude futures fell 45 cents, or 0.69%, to close at $64.44 a barrel. U.S. West Texas Intermediate crude shed 49 cents, or 0.8%, to settle at $60.56 a barrel.

“The succession of poor manufacturing PMIs from Asia and then the U.S. ISM is a worry for oil demand. So is the ever present market upsetting tariff threat,” said John Evans, analyst at PVM Oil Associates.

https://www.cnbc.com/2025/11/04/oil-steadies-as-market-digests-opec-output-plans.html

If there are other factors influencing the price of oil - factors that not controllable - then why would any nation put higher restrictions and regulations on its domestic energy companies and put them at a competitive disadvantage compared to global competitors?

Do you not realize that regulations and taxes put upward pressure on prices for any product, service or commodity? This is basic economics here.

 

[justoffal]

Watching what? Dotard having a hissy fit over Ford's clever use of Reagan to expose Don's tariff idiocy?

Your answer is to allow massive dumping of cheap goods and synthetic currency depression until
our own currency crashes? Somebody has to do something unless of course you're a Chinese sympathizer. We have become addicted to cheap Chinese labor which is just as deadly as the fentanyl they ship here through Mexico and Canada.

 

[justoffal]

If there are other factors influencing the price of oil - factors that not controllable - then why would any nation put higher restrictions and regulations on its domestic energy companies and put them at a competitive disadvantage compared to global competitors?

Do you not realize that regulations and taxes put upward pressure on prices for any product, service or commodity? This is basic economics here.

They would do it if they are on the take.

 

[justoffal]

Trump terminates all U.S. trade negotiations with Canada over Reagan tariffs TV ad​

President Donald Trump said Thursday night that he was terminating all trade negotiations with Canada because the Ontario provincial government aired an ad featuring former President Ronald Reagan speaking negatively about tariffs.

Trump’s announcement accused Canada of trying to influence a pending U.S. Supreme Court case that could doom many of his tariffs, including ones on Canada.

His statement came after The Ronald Reagan Presidential Foundation and Institute said that the ad misrepresents a presidential radio address Reagan delivered in April 1987, and that his remarks were edited without permission.

The foundation did not say what was misleading.

https://www.cnbc.com/2025/10/24/trump-canada-trade-reagan.html

Ontario enlists Ronald Reagan against Trump’s tariffs​

TORONTO — Ontario is using Ronald Reagan to warn that Donald Trump’s tariffs will cost Americans their jobs.

“We’re going to repeat that message to every Republican district there is right across the entire country,” Ontario Premier Doug Ford said this week, teasing the new ad campaign at a Toronto business luncheon.

The one-minute ad excerpts a 1987 radio address by Reagan to justify imposing 100 percent tariffs on Japanese electronics over a trade dispute over semiconductors.

Reagan’s address warned of the long-term economic perils of tariffs on foreign imports sold to Americans as a protectionist policy and explained they were imposed to sort a particular problem — not to begin a trade war.

“But over the long run, such trade barriers hurt every American, worker and consumer,” Reagan narrates in the ad. “High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. Then the worst happens. Markets shrink and collapse, businesses and industries shut down and millions of people lose their jobs.”

China’s embassy in Washington notably used the same Reagan clip to troll Trump’s global tariffs when the China-U.S. trade war heated up in the spring.

https://www.politico.com/news/2025/10/16/ontario-reagan-trump-tariffs-gop-ad-00611764

Don has his extra large shorts in a bunch for being called out (posthumously) by Ron, the patron saint of conservatives. The crux of Reagan's remarks being consumers ultimately bear most of the cost of tariffs. Something the tariff man doesn't like being reminded of.

Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says​

https://www.cnbc.com/2025/10/16/tariff-costs-to-companies-this-year-to-hit-1point2-trillion-with-consumers-taking-most-of-the-hit-sp-says.html

Of course, consumers aren't the only ones who get hurt. Just ask the soy bean farmers.

Ohio soybean farmers left high and dry as Trump’s tariff tornado obliterates China market​

Ohio soybean farmers left high and dry as Trump’s tariff tornado obliterates China market

Not a single bushel sold to China this year as tariff wars devastate Ohio's agricultural economy, leaving farmers facing potential federal bailout

www.cleveland.com

Unfortunately Reagan wasn't smart enough to foresee China's aggressive goods dumping strategy which is even worse than the tariff in the long run.

Sure you get the instant gratification of cheap prices up front but it comes at the cost of the American economy In back.

 

[MagicMike]

Unfortunately Reagan wasn't smart enough to foresee China's aggressive goods dumping strategy which is even worse than the tariff in the long run.

Sure you get the instant gratification of cheap prices up front but it comes at the cost of the American economy In back.

Automation and American companies going overseas hurt the American economy as well.
The only solution is to force American manufacturers to produce at home and settle for less profit.

 

[justoffal]

Automation and American companies going overseas hurt the American economy as well.
The only solution is to force American manufacturers to produce at home and settle for less profit.

Yeah.....not gonna happen im afraid...

 

[MagicMike]

Yeah.....not gonna happen im afraid...

Agreed.
And Trump wanting to bring in Chinese workers to do American jobs can't be a good thing either.