March 6, 2018 – Rigzone
TWITTER POLL: Would Oil, LNG, LPG Exporters Pay for Proposed US Tariffs?
By: Matthew V. Veazey
A slim majority of the 116 respondents to a recent poll on Rigzone’s Twitter page do not expect U.S. exporters of crude oil, liquefied natural gas (LNG) and propane to experience blowback from proposed U.S. tariffs on imported steel and aluminum.
On March 1, President Trump confirmed that the U.S. will impose tariffs of 25 percent on steel imports and 10 percent on aluminum imports. The announcement followed a mid-February finding by the U.S. Department of Commerce that imported steel mill products and wrought and unwrought aluminum imports pose a threat to U.S. national security..…
Read the full article here: https://www.rigzone.com/news/twitter_poll_would_oil_lng_lpg_exporters_pay_for_proposed_us_tariffs-06-mar-2018-153775-article/
…Pointing out that many of the countries that would be hit by U.S. steel and aluminum tariffs happen to be significant importers of U.S. crude, LNG and propane, one prominent energy commentator suspects that retaliation by these trading partners is weighing on the minds of domestic producers.
“It’s hard to say where all this trade-war talk may lead,” Rusty Braziel wrote in the March 4 installment of RBN Energy LLC’s blog. “Possibly nowhere. But with U.S. energy producers highly dependent on exports for market balancing, the topic surely is raising some angst in places like the Permian and the Marcellus/Utica.”
