A few reflections heading home from the Bills game tonight as a Canadian. 🇨🇦🇺🇸🏈
There is a lot of noise in the Canada-U.S. relationship right now. Trade fights, tariffs, political rhetoric and plenty of frustration on both sides of the border.
But then you spend a night in Buffalo.
Canadians and Americans tailgating together. Singing both anthems. Cheering for the same team. Talking football, families and life. Nobody asking who won the latest political argument.
It is a good reminder that our relationship is much bigger than whoever happens to occupy political office at any particular moment.
We share communities, businesses, friendships, families, sports and a border that has connected us for generations.
Governments will disagree. We should stand up for our respective interests when they do.
But we shouldn’t lose sight of each other in the process.
Tonight felt like a reminder of that.
Break tables, not relationships. 🇨🇦🤝🇺🇸
#BillsMafia #GoBills
The US is considering halting diesel exports.
The US is the world's largest diesel exporter... Russia, the 2nd largest, has already halted exports.
A US export ban would send global diesel prices even higher and force countries like Japan to dump USTs to fund their domestic needs.
In other words, imposing an export ban on diesel would blow up the UST market.
There are no easy solutions anymore.
We don't own enough hard assets for what's coming.