@MarkJCarney It’s funny because for some weird reason gas is higher then the first time you cut the tax and you are saying this today but gas in Montreal is 2$ a liter, go fuck yourself
Cut or tariff Canada's oil exports to the US? Horrible idea.
Alberta Premier Danielle Smith does a fantastic jobs breaking it down:
"I cannot think of a more disastrous policy decision than cutting off or taxing Alberta's oil to the United States."
> US will respond with a 50%–100% tariff on fuels supplied to Ontario and Quebec.
> US refineries would replace Alberta heavy crude with Venezuelan oil, cutting Canada off as a supplier permanently.
> At least 500,000 jobs would be wiped out across Alberta, Ontario, and Quebec.
> Retaliatory US cuts to gasoline and diesel exports would leave eastern Canada stranded without fuel right as fall and winter begin.
> Canada has no reserves to supply Ontario and Quebec.
> The Toronto Stock Exchange (TSX) would nose-dive, devastating Canadian investments, and pensions.
What most Canadians don't seem to realize is that the current oil prices is generating substantial taxes for governments that softens the blow of the tariffs, and big portion of it comes from the US.
If you’re having a bad year, just remember:
Mark Zuckerberg wasted $73 billion on the Metaverse.
Tim Cook wasted $10 billion on the Apple Car.
Jeff Bezos lost $10 billion chasing Alexa.
Masayoshi Son lost $14B investing in WeWork and missed out on $150 billion by selling Nvidia early.
Cathie Wood dumped Nvidia right before ChatGPT launched and missed $1.2B
Logan Paul bought an NFT for $630,000 in 2021. Today, it's worth only $140.
Even the RICH and famous get it completely wrong sometimes.