On the Mexico and Canada Tariffs

[Skinny Tire AH]

Ummmm
That’s not what makes you look ignorant…


I like the way the rig looks at night.

View attachment 1504314
The operator here (our client) recently had an influx of a reported $1.2 billion from an investment conglomerate rumored to be attached to the Hunt group. I couldn’t find anything online to confirm the source, but the amount is real, judging from the projected drilling schedule.

I’m just a dummy working for a hourly paycheck…but you know…not all paychecks are created equal…

I played the consultant game for almost 2 decades, but now it’s just better being a W2 employee with benifits.

Oil field trash….

 

[was thatguy]

What are the big potato guns in the foreground? They look like machined couplers maybe? They also look F'n heavy.

The ones with the blue flags are 8” hang off subs that the electronic MWD tool hangs from, inside a non mag drill collar. The green flagged ones are just lift subs for handling the collars and motors and stuff.
The MWD (monitor while drilling) is the downhole computer string that sends up all our data including survey data (inc and Az) which when referenced from the well head allows me to “track” the borehole position as I steer it.
It also sends up all kinds of other data like gamma logging, temps and psi, and whatever else the client wants to pay for.
We just finished a bunch of 12 1/4” surface holes to about 2700’ and we used the EM type MWD.
We’re getting ready to run in with our intermediate tool string (8.75” bit and 6.5” drill string, and mud pulse tool instead of the EM tool) and drill this one to about 8000’, where they will run casing, then go in with a smaller string and a rotary steerable device and drill to TD at about 14,800’
Those 8” hang off subs (and our 8” non mag collars) weigh 155 pounds per foot.

 

[was thatguy]

Oil field trash….

Yeah…you know me well!

 

[Smitty7]

You and your friends in here have unequivocally stated you want to tear down the country now, not in twenty years. Tear up the constitution, cherish individuals who beat law enforcement, defund the federal police, encourage financial corruption at the highest levels, abolish checks and balances and throw the rule of law out.

Him and his friends in here ? Why those dirty bastards ! Thanks for the tip . I'll watch my back in here . Did those guys in the white coats ever catch up with you ?

 

[monkeyswrench]

The ones with the blue flags are 8” hang off subs that the electronic MWD tool hangs from, inside a non mag drill collar. The green flagged ones are just lift subs for handling the collars and motors and stuff.
The MWD (monitor while drilling) is the downhole computer string that sends up all our data including survey data (inc and Az) which when referenced from the well head allows me to “track” the borehole position as I steer it.
It also sends up all kinds of other data like gamma logging, temps and psi, and whatever else the client wants to pay for.
We just finished a bunch of 12 1/4” surface holes to about 2700’ and we used the EM type MWD.
We’re getting ready to run in with our intermediate tool string (8.75” bit and 6.5” drill string, and mud pulse tool instead of the EM tool) and drill this one to about 8000’, where they will run casing, then go in with a smaller string and a rotary steerable device and drill to TD at about 14,800’
Those 8” hang off subs (and our 8” non mag collars) weigh 155 pounds per foot.

And here I am looking at line boring and welding equipment, thinking I'm stepping into more technical grounds. That's an insane amount of mass (and money) rotating down hole. I break 1/2" drill bits and get upset. EZ-Out or welding a stub on isn't really an option.

 

[was thatguy]

You and your friends in here have unequivocally stated you want to tear down the country now, not in twenty years. Tear up the constitution, cherish individuals who beat law enforcement, defund the federal police, encourage financial corruption at the highest levels, abolish checks and balances and throw the rule of law out.

As bad as you may think our country and its system may be, your plan is undeniably worse.

 

[was thatguy]

And here I am looking at line boring and welding equipment, thinking I'm stepping into more technical grounds. That's an insane amount of mass (and money) rotating down hole. I break 1/2" drill bits and get upset. EZ-Out or welding a stub on isn't really an option.

Typically our string weight for surface sections is barely 225K pounds.
On the deep strings, even though it’s smaller OD pipe and tools, the string weight will be around 325K pounds or more…not counting hole drag from the turns and tangents I create while steering the well bore.
There’s a lot of fundamental practices involved with keeping the string free and maintaining hole integrity. The drilling fluid parameters is paramount to success.
I’ve been doing this crap for over 35 years and it still keeps me on my toes.
Occasionally we twist shit off downhole, or get stuck, but we can usually fish tools out with overshot grapples or other fishing tools.
I’ve retrieved stuff from over 20,000’ deep.


It’s basically an ongoing exercise in crises avoidance drilling these wells.
Anyway, back to MS-530 bashing.

 

[rcmike]

View attachment 1504334

Those need more salt...

 

[Racey]

Yep, not a good idea but a mere small fraction of the tax increases under Trump.

Buy hey, given you and MAGA love and fully support tax increases and believe they are the solution, I’m surprised you didn’t support that tax too.

"A small fraction"
Uh huh, it was written so that in year one it was $15 per ton, with an annual increase year after year of $10 per ton depending on how much emissions were reduced. That means year one was 100 billion in taxes, and after 10 years in 2028 it would have been over 500 billion conservatively by all the estimates.... Love the democrat math!

 

[was thatguy]

Those need more salt...

Will chocolate work?

 

[SNiC Jet]

"A small fraction"
Uh huh, it was written so that in year one it was $15 per ton, with an annual increase year after year of $10 per ton depending on how much emissions were reduced. That means year one was 100 billion in taxes, and after 10 years in 2028 it would have been over 500 billion conservatively by all the estimates.... Love the democrat math!

 

[530RL]

"A small fraction"
Uh huh, it was written so that in year one it was $15 per ton, with an annual increase year after year of $10 per ton depending on how much emissions were reduced. That means year one was 100 billion in taxes, and after 10 years in 2028 it would have been over 500 billion conservatively by all the estimates.... Love the democrat math!

Given tax increases are now good and the solution for everything, looks like a plan you would endorse.

Right up your alley. As you have said, the higher the taxes, the greater America is.

 

[regor]

Given tax increases are now good and the solution for everything, looks like a plan you would endorse.

Right up your alley. As you have said, the higher the taxes, the greater America is.

Time for you thieves errrrrrr Lords of Easy Money to give back!!!

 

[530RL]

Time for you thieves errrrrrr Lords of Easy Money to give back!!!

Yes Bernie. I get your view.

 

[caribbean20]

Ummmm
That’s not what makes you look ignorant…


I like the way the rig looks at night.

View attachment 1504314
The operator here (our client) recently had an influx of a reported $1.2 billion from an investment conglomerate rumored to be attached to the Hunt group. I couldn’t find anything online to confirm the source, but the amount is real, judging from the projected drilling schedule.

I’m just a dummy working for a hourly paycheck…but you know…not all paychecks are created equal…

I played the consultant game for almost 2 decades, but now it’s just better being a W2 employee with benifits.

Beautiful picture. Natural gas or crude oil? Also, do you guys do directional drilling. Was always curious as to how that was done.

 

[Angler]

USA & UK Trade deal done.
1st of many to come.

Tariffs work!

 

[was thatguy]

Beautiful picture. Natural gas or crude oil? Also, do you guys do directional drilling. Was always curious as to how that was done.

Directional Driller is what I do. (26 years now, driller for 12 years or so before that)
These are Natural gas wells.

 

[Racey]

Given tax increases are now good and the solution for everything, looks like a plan you would endorse.

Right up your alley. As you have said, the higher the taxes, the greater America is.

Blah blah blah, same old tired rhetoric

 

[SNiC Jet]

Blah blah blah, same old tired rhetoric

 

[Skinny Tire AH]

Directional Driller is what I do. (26 years now, driller for 12 years or so before that)
These are Natural gas wells.

Who and how do the NG wells get located? and is it a different company than the drillers or customer?

 

[was thatguy]

Who and how do the NG wells get located? and is it a different company than the drillers or customer?

This field is established and the reservoirs are well documented. The goal of the petroleum engineers is to find more and more efficient methods of extraction.
The producer is a NG company.
The rig and all the rig hands are a drilling company. I work for a directional company, the mud engineer works for a drilling fluid company.
And so on.

 

[thetub]

USA & UK Trade deal done.
1st of many to come.

Tariffs work!

"CONsistent with with CONsistency tariffs are taxes CONsistently " 530BsMs13

 

[t&y]

Trade deal signed with the UK. Where does that put us on the end of the world map?

 

[Angler]

"CONsistent with with CONsistency tariffs are taxes CONsistently " 530BsMs13

I'm sure 529.4 will let us know how bad every deal the tariffs bring.

 

[was thatguy]

 

[530RL]

I'm sure 529.4 will let us know how bad every deal the tariffs bring.

It’s just a tax increase primarily on the American middle class.

Not good or bad, just another tax increase.

Tax increases have become very popular amongst the group in charge right now so I suspect it will be viewed as a “great” tax increase that people are perfectly willing to pay.

There will be more, and the people will love them.

 

[regor]

China Shuts Down Its Economic Data

www.theepochtimes.com

Blah, blah, blah……Trump BAD!!!!!!!!

 

[was thatguy]

It’s just a tax increase primarily on the American middle class.

Not good or bad, just another tax increase.

Tax increases have become very popular amongst the group in charge right now so I suspect it will be viewed as a “great” tax increase that people are perfectly willing to pay.

There will be more, and the people will love them.

 

[Ultra...Good]

Trade deal signed with the UK. Where does that put us on the end of the world map?

Living on the streets in too weaks.

 

[regor]

Turdalini’s lil corrupt buddies aren’t faring well either.

When you’ve got the same talking points as a Democrat pedo………….

 

[regor]

NEW DELHI, May 9 (Reuters) - India has offered to slash its tariff gap with the U.S. to less than 4% from nearly 13% now, in exchange for an exemption from President Donald Trump's "current and potential" tariff hikes, two sources said, as both nations move fast to clinch a deal.

This would mean that the average tariff differential between India and the U.S., calculated across all products without weighting for trade volume, would be reduced by 9 percentage points, in one of the most sweeping changes to bring down trade barriers in the world's fifth largest economy.

 

[Skinny Tire AH]

NEW DELHI, May 9 (Reuters) - India has offered to slash its tariff gap with the U.S. to less than 4% from nearly 13% now, in exchange for an exemption from President Donald Trump's "current and potential" tariff hikes, two sources said, as both nations move fast to clinch a deal.

This would mean that the average tariff differential between India and the U.S., calculated across all products without weighting for trade volume, would be reduced by 9 percentage points, in one of the most sweeping changes to bring down trade barriers in the world's fifth largest economy.


View attachment 1504741

This deal is Dead. Solid. Perfect. and right over the target. With the western world looking more and more to India for China style importing, the Tarrif reduction means we can still get our cheap shit for cheap. This could be "The largest tax decrease" for the American people....ever.

 

[monkeyswrench]

NEW DELHI, May 9 (Reuters) - India has offered to slash its tariff gap with the U.S. to less than 4% from nearly 13% now, in exchange for an exemption from President Donald Trump's "current and potential" tariff hikes, two sources said, as both nations move fast to clinch a deal.

This would mean that the average tariff differential between India and the U.S., calculated across all products without weighting for trade volume, would be reduced by 9 percentage points, in one of the most sweeping changes to bring down trade barriers in the world's fifth largest economy.


View attachment 1504741

Escalation with Pakistan may be to an advantage here. You need money to replace bombs, drones and artillery shells. Keep money flowing.

 

[t&y]

This deal is Dead. Solid. Perfect. and right over the target. With the western world looking more and more to India for China style importing, the Tarrif reduction means we can still get our cheap shit for cheap. This could be "The largest tax decrease" for the American people....ever.

From the little I've read so far about it, it does sound like a good deal for both sides. But I'm still not sure if it's an even set up across the board. Of course trade is important, but does it meet the goal of equal pain on both sides?

 

[monkeyswrench]

From the little I've read so far about it, it does sound like a good deal for both sides. But I'm still not sure if it's an even set up across the board. Of course trade is important, but does it meet the goal of equal pain on both sides?

I'm sure we'll hear why not from a conservative shortly...

 

[JDKRXW]

With the western world looking more and more to India for China style importing, the Tarrif reduction means we can still get our cheap shit for cheap.

I'm confused.
Wasn't this all about bringing 'shit' back to America?

 

[t&y]

I'm confused.
Wasn't this all about bringing 'shit' back to America?

Read beyond the headlines and you will understand.

 

[530RL]

This deal is Dead. Solid. Perfect. and right over the target. With the western world looking more and more to India for China style importing, the Tarrif reduction means we can still get our cheap shit for cheap. This could be "The largest tax decrease" for the American people....ever.

Fortunately as a successful business person you can be honest and objectively analytical.

Trump has promised a minimum tariff of 10% on all countries. The final deal with the UK was in excess of that. Prior to this trade war, the weighted average worldwide tariff on goods imported to the US was 2 percent.

No matter what the deals come out to be, there will be at minimum a 5X tax increase on the American people if the President keeps his word of a 10 percent minimum tax on all imports.

Now I understand that you and MAGA believes that tax increases are excellent which is consistent with other political parties arguments about tax increases, but let’s at least be honest about the math.

Industrial Tariffs

Industrial goods encompass all non-agricultural goods and include products such as machinery, transportation equipment, minerals and metals, petroleum, chemicals, textiles and clothing, leather and footwear, wood products, and fish and fish products.

ustr.gov

 

[regor]

Fortunately as a successful business person you can be honest and objectively analytical.

Trump has promised a minimum tariff of 10% on all countries. The final deal with the UK was in excess of that. Prior to this trade war, the weighted average worldwide tariff on goods imported to the US was 2 percent.

No matter what the deals come out to be, there will be at minimum a 5X tax increase on the American people if the President keeps his word of a 10 percent minimum tax on all imports.

Now I understand that you and MAGA believes that tax increases are excellent which is consistent with other political parties arguments about tax increases, but let’s at least be honest about the math.

Industrial Tariffs

Industrial goods encompass all non-agricultural goods and include products such as machinery, transportation equipment, minerals and metals, petroleum, chemicals, textiles and clothing, leather and footwear, wood products, and fish and fish products.

ustr.gov

Otay Mrs. Schumer....................

 

[Skinny Tire AH]

I'm confused.
Wasn't this all about bringing 'shit' back to America?

Of course, but there will always be coat hangers and rubber dog shit to make. So, based on your post, you're ok with critical rare earth minerals, defense related products, steel and pharmaceuticals to be outsourced in total?

There is a common sense middle here that never gets discussed. Internet chat rooms tend to devolve into "reductio ad absurdum" to try and diminish the other side. Just like Dan saying that "I and other MAGA's believe that tax increases are excellent" I get it. He knows we don't actually want tax increases or think they're "great" he's exaggerating the point to make our position look insane.

But America simply CANNOT succeed, long term with the current trajectory of our manufacturing base. If there were a protracted, 2 front war, we could not supply the steel and other raw materials to keep America safe. SO, my reductio ad absurdum would be, "You want America to lose a war?", I know you don't, but I use absurd comments to make you look crazy.

I was successful in business because I never stuck to a position that didn't make sense. I also tended to outwork my competitors, as did all my employees.

 

[530RL]

Of course, but there will always be coat hangers and rubber dog shit to make. So, based on your post, you're ok with critical rare earth minerals, defense related products, steel and pharmaceuticals to be outsourced in total?

There is a common sense middle here that never gets discussed. Internet chat rooms tend to devolve into "reductio ad absurdum" to try and diminish the other side. Just like Dan saying that "I and other MAGA's believe that tax increases are excellent" I get it. He knows we don't actually want tax increases or think they're "great" he's exaggerating the point to make our position look insane.

But America simply CANNOT succeed, long term with the current trajectory of our manufacturing base. If there were a protracted, 2 front war, we could not supply the steel and other raw materials to keep America safe.

I was successful in business because I never stuck to a position that didn't make sense. I also tended to outwork my competitors, as did all my employees.

Lol

I have repeatedly stated America should focus on increasing high value industrial activities while leaving low value industrial activities to countries who are willing to have a lower standard of living. And you know I have stated that.

The MAGA folks in here have repeatedly disagreed and simply supported the high tax increases in fear of appearing to disagree with their master.

Regardless of whether my view or your view is better, the current president seems focused on neither. Neither bringing manufacturing back en large, nor crafting trade policy to focus on high value industrial output.

His sole focus seems to be on increases in the top line tax rate on the American populous.

As you stated out working your competition is the key. I agree. Throwing high tax numbers at industrial policy then backing off to a mere 5x increase in previous taxes on all goods without any strategy aimed at achieving a specific goal doesn’t appear to be outworking the other guy. It doesn’t even consider what you suggest in your response, that there are certain industries American trade policy should consider as opposed to lumping them in with coat hangars and rubber dog shit.

 

[Skinny Tire AH]

Lol

I have repeatedly stated America should focus on increasing high value industrial activities while leaving low value industrial activities to countries who are willing to have a lower standard of living. And you know I have stated that.

The MAGA folks in here have repeatedly disagreed and simply supported the high tax increases in fear of appearing to disagree with their master.

Regardless of whether my view or your view is better, the current president seems focused on neither. Neither bringing manufacturing back en large, nor crafting trade policy to focus on high value industrial output.

His sole focus seems to be on increases in the top line tax rate on the American populous.

As you stated out working your competition is the key. I agree. Throwing high tax numbers at industrial policy then backing off to a mere 5x increase in previous taxes on all goods without any strategy aimed at achieving a specific goal doesn’t appear to be outworking the other guy. It doesn’t even consider what you suggest in your response, that there are certain industries American trade policy should consider as opposed to lumping them in with coat hangars and rubber dog shit.

So, we agree that having India negotiate a lower tariff on, as you say, "low value industrial activities" is a good thing opposed to continuing China being allowed to supply America "ALL levels of value" industrial production. The current trajectory is unsustainable.

 

[JDKRXW]

"low value industrial activities"

Do you think Indians will agree to having a clause like this in their agreement?

 

[Skinny Tire AH]

Do you think Indians will agree to having a clause like this in their agreement?

Of course not. We just don't continue to outsource critical defense or health related stuff, based on our own choices.

what this discussion is missing is this; how many F250's are in China? India? they are tarrif'd out of existence to buy one in most countries. I've spent a large amount of time, all over Africa. I have seen perhaps 2 F250's on that continent. Yet we allow stuff from all over the world to be imported here with little to no penalties of tariff. Unsustainable.

To add, Why would India care? a billion in mfg. is a billion. It really doesn't matter if its titanium, Snap-On wrenches or rubber dog shit.

 

[Skinny Tire AH]

From the little I've read so far about it, it does sound like a good deal for both sides. But I'm still not sure if it's an even set up across the board. Of course trade is important, but does it meet the goal of equal pain on both sides?

Time will tell. I'm not sure why the progressives think our current importation situation is sustainable.

 

[monkeyswrench]

Of course not. We just don't continue to outsource critical defense or health related stuff, based on our own choices.

what this discussion is missing is this; how many F250's are in China? India? they are tarrif'd out of existence to buy one in most countries. I've spent a large amount of time, all over Africa. I have seen perhaps 2 F250's on that continent. Yet we allow stuff from all over the world to be imported here with little to no penalties of tariff. Unsustainable.

15 or so years back, had a customer from Australia in my truck. It was nothing special, 1989 F350 dually. He mentions what a truck like it is worth at home. Due to regulations, any non-CDL driver who wished to tow, needed a vehicle heavier than the trailer. Crewcab duallies were the things of rich people. In order to bring in a used one, it had to be 20 years old to avoid being switched to RH drive. Ford in Australia didn't make a similar truck, so the only option was to import new, or an old one like mine. At the time, a new F350 was roughly 45-50k here. By the time it was imported, and converted, that same truck would be 100-120k USD...which, at the exchange rate at the time (he also taught me the term "pacific peso" in regards to their dollar) would make the final price of the truck roughly 200k!

 

[530RL]

So, we agree that having India negotiate a lower tariff on, as you say, "low value industrial activities" is a good thing opposed to continuing China being allowed to supply America "ALL levels of value" industrial production. The current trajectory is unsustainable.

No, we should negotiate to lower India's tariffs on US made high value goods from the current weighted average of 13 percent.

Let them do the low value stuff. We shouldn’t care about their tariffs on US made coat hangars and rubber dog shit.

Doing the work, thinking through the ramifications, analyzing the strategy of these trade deals before one negotiates them is important, as US automakers are pointing out over the UK trade deal. That is hard to do from a golf course.

Detroit automakers fuming after Trump’s first trade deal gives preferential treatment to imported U.K. cars over their own

'Under this deal, it will now be cheaper to import a UK vehicle with very little U.S. content than a USMCA compliant vehicle from Mexico or Canada that is half American parts.'

www.yahoo.com

 

[17 10 Flat]

Time will tell. I'm not sure why the progressives think our current importation situation is sustainable.

Progressives have no idea one way or the other, if Trump is for they are against it. It's that simple.

 

[t&y]

Lol

I have repeatedly stated America should focus on increasing high value industrial activities while leaving low value industrial activities to countries who are willing to have a lower standard of living. And you know I have stated that.

The MAGA folks in here have repeatedly disagreed and simply supported the high tax increases in fear of appearing to disagree with their master.

Regardless of whether my view or your view is better, the current president seems focused on neither. Neither bringing manufacturing back en large, nor crafting trade policy to focus on high value industrial output.

His sole focus seems to be on increases in the top line tax rate on the American populous.

As you stated out working your competition is the key. I agree. Throwing high tax numbers at industrial policy then backing off to a mere 5x increase in previous taxes on all goods without any strategy aimed at achieving a specific goal doesn’t appear to be outworking the other guy. It doesn’t even consider what you suggest in your response, that there are certain industries American trade policy should consider as opposed to lumping them in with coat hangars and rubber dog shit.

I actually think Trumps sole purpose in life is to live rent free in your head. I'll ask him at the next meeting.

 

[t&y]

Time will tell. I'm not sure why the progressives think our current importation situation is sustainable.

I do not believe they do. It all comes down to a clear display of fight anything Trump does regardless of whether they actually agree with it or not.