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Art of The Deal: USA ’Biggest Ever’ Trade Agreement with EU --15% tariff on EU Imports -- EU to Buy $750 Billion in U.S. Energy

Oswald was Innocent

Oswald was Innocent

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So Much Winning! How come Biden and the Democrats couldn't do great things things like this for America and the American people? They only do things that benefit themselves in D.C.. Nevertheless, this is a trade deal involving 27 countries at one time. That’s a huge win. Trump strikes gold again. The great states of Louisiana and Texas, Kings of American Energy, will celebrate this deal.


This massive trade deal announced today will seal confidence in the Republican Party and the overwhelming majority of the voters.




www.breitbart.com

Trump Reaches Historic Trade Deal with EU: Europe to Buy $750 Billion in U.S. Energy

President Donald Trump has reached a historic trade agreement with the European Union in which Europeans will open their markets to the U.S.
www.breitbart.com www.breitbart.com
 
Oswald was Innocent said:
This massive trade deal announced today will seal confidence in the Republican Party and the overwhelming majority of the voters.
Click to expand...

No, because a lot of the stuff we buy from europe goes up 15%. As a voter, higher prices don't make me happy.
 
Why is it that when people believe SO STRONGLY in their own points of view, they have to reply on Gatewaypundit and Breitbart to do the talking for them?
 
Oswald was Innocent said:
So Much Winning! How come Biden and the Democrats couldn't do great things things like this for America and the American people? They only do things that benefit themselves in D.C.. Nevertheless, this is a trade deal involving 27 countries at one time. That’s a huge win. Trump strikes gold again. The great states of Louisiana and Texas, Kings of American Energy, will celebrate this deal.


This massive trade deal announced today will seal confidence in the Republican Party and the overwhelming majority of the voters.




www.breitbart.com

Trump Reaches Historic Trade Deal with EU: Europe to Buy $750 Billion in U.S. Energy

President Donald Trump has reached a historic trade agreement with the European Union in which Europeans will open their markets to the U.S.
www.breitbart.com www.breitbart.com
Click to expand...
Breitbart.

LOL.
 
Oswald was Innocent said:
So Much Winning! How come Biden and the Democrats couldn't do great things things like this for America and the American people? They only do things that benefit themselves in D.C.. Nevertheless, this is a trade deal involving 27 countries at one time. That’s a huge win. Trump strikes gold again. The great states of Louisiana and Texas, Kings of American Energy, will celebrate this deal.


This massive trade deal announced today will seal confidence in the Republican Party and the overwhelming majority of the voters.




www.breitbart.com

Trump Reaches Historic Trade Deal with EU: Europe to Buy $750 Billion in U.S. Energy

President Donald Trump has reached a historic trade agreement with the European Union in which Europeans will open their markets to the U.S.
www.breitbart.com www.breitbart.com
Click to expand...
So all of our prices go up by 15%.
 
Where is this energy going to come from? As long as crude/NG prices stay in the $65/$5 range there is no real incentive for US producers to increase production. Rig counts have been on a downward trend for months and months.

Apparently, the deal is over a 3 year period. $250 billion a year. We currently sell them approximately 78 billion a year in energy.

That 78 billion consists of 2.2 million barrels of crude per day. (About 52 billion at $65 a barrell)
www.institutionalinvestor.com

U.S. Crude Oil Influence Grows with More Exports to Europe

Paul Wightman, CME GroupAt a Glance:U.S. crude exports to Europe reached around 2.2 million barrels per day in the 12 months to June 2024, reinforcing the global pricing role for WTI crude oil.
www.institutionalinvestor.com www.institutionalinvestor.com

And 7 billion cubic feet per day of natural gas. (About 13 billion in ng at $5/1000 cubic feet.
www.eia.gov

The United States remained the largest liquefied natural gas supplier to Europe in 2023 - U.S. Energy Information Administration (EIA)

www.eia.gov www.eia.gov

Finished products and other misc probably account for the remaining 13 billion.

At current prices I don't see a production expansion of the scale needed to get to $250 billion a year. And that type increase would take years and years to achieve even at far higher crude and natural gas prices.
 
Sooner or Later said:
Where is this energy going to come from? As long as crude/NG prices stay in the $65/$5 range there is no real incentive for US producers to increase production. Rig counts have been on a downward trend for months and months.

Apparently, the deal is over a 3 year period. $250 billion a year. We currently sell them approximately 78 billion a year in energy.

That 78 billion consists of 2.2 million barrels of crude per day. (About 52 billion at $65 a barrell)
www.institutionalinvestor.com

U.S. Crude Oil Influence Grows with More Exports to Europe

Paul Wightman, CME GroupAt a Glance:U.S. crude exports to Europe reached around 2.2 million barrels per day in the 12 months to June 2024, reinforcing the global pricing role for WTI crude oil.
www.institutionalinvestor.com www.institutionalinvestor.com

And 7 billion cubic feet per day of natural gas. (About 13 billion in ng at $5/1000 cubic feet.
www.eia.gov

The United States remained the largest liquefied natural gas supplier to Europe in 2023 - U.S. Energy Information Administration (EIA)

www.eia.gov www.eia.gov

Finished products and other misc probably account for the remaining 13 billion.

At current prices I don't see a production expansion of the scale needed to get to $250 billion a year. And that type increase would take years and years to achieve even at far higher crude and natural gas prices.
Click to expand...
It is absolutely a coincidence that electricity costs are skyrocketing.
 
To reach that goal we would have to nearly quadruple crude and ng exports from current levels. An increase of 9 million barrels a day of crude and 28 billion cubic feet of ng.

At US shale production ipeak growth it took 13 years to add 7 million barrels a day of crude.

And about 20 years to see a 20 million barrel a day increase in ng.

I would love to see that much increase, sadly, I think it is a pipe dream.
 
Oswald was Innocent said:
So Much Winning! How come Biden and the Democrats couldn't do great things things like this for America and the American people? They only do things that benefit themselves in D.C.. Nevertheless, this is a trade deal involving 27 countries at one time. That’s a huge win. Trump strikes gold again. The great states of Louisiana and Texas, Kings of American Energy, will celebrate this deal.


This massive trade deal announced today will seal confidence in the Republican Party and the overwhelming majority of the voters.




www.breitbart.com

Trump Reaches Historic Trade Deal with EU: Europe to Buy $750 Billion in U.S. Energy

President Donald Trump has reached a historic trade agreement with the European Union in which Europeans will open their markets to the U.S.
www.breitbart.com www.breitbart.com
Click to expand...
Look at you, all happy about a new tax.
 
Sounds like the deal is good for oil and energy companies, but bad for the average consumer. Which is entirely keeping with GOP priorities.
 
Flim-flam puffery. Used car salesman Trump sells America an old jalopy that will barely make it off the lot with 72 months of unaffordable payments while he and his cronies manipulate the stock market.
 
Justin Wolfers said it better than I could, and I'm paraphrasing there:

"US President announces significant tax increase on a large swath of imported goods; EU President announces significant tax cut on a narrow swath of imported goods."

If that's winning, you can keep it.
 
Yes, the President usurping Congressional powers to impose a 15% National Sales Tax on the American people.......only a Trumper would call that winning!!!
 
Oswald was Innocent said:
So Much Winning! How come Biden and the Democrats couldn't do great things things like this for America and the American people? They only do things that benefit themselves in D.C.. Nevertheless, this is a trade deal involving 27 countries at one time. That’s a huge win. Trump strikes gold again. The great states of Louisiana and Texas, Kings of American Energy, will celebrate this deal.


This massive trade deal announced today will seal confidence in the Republican Party and the overwhelming majority of the voters.




www.breitbart.com

Trump Reaches Historic Trade Deal with EU: Europe to Buy $750 Billion in U.S. Energy

President Donald Trump has reached a historic trade agreement with the European Union in which Europeans will open their markets to the U.S.
www.breitbart.com www.breitbart.com
Click to expand...
Big oil gets richer and Americans pay more for European goods. What's not to love?
 
And yet another hit on US consumers.
An increase from 3% tariffs to now 15%.
And guess who will pay the price?
US consumers.
 
Oswald was Innocent said:
So Much Winning! How come Biden and the Democrats couldn't do great things things like this for America and the American people? They only do things that benefit themselves in D.C.. Nevertheless, this is a trade deal involving 27 countries at one time. That’s a huge win. Trump strikes gold again. The great states of Louisiana and Texas, Kings of American Energy, will celebrate this deal.


This massive trade deal announced today will seal confidence in the Republican Party and the overwhelming majority of the voters.




www.breitbart.com

Trump Reaches Historic Trade Deal with EU: Europe to Buy $750 Billion in U.S. Energy

President Donald Trump has reached a historic trade agreement with the European Union in which Europeans will open their markets to the U.S.
www.breitbart.com www.breitbart.com
Click to expand...

Well said!

Biden and the Democrats only care about themselves, not the American people who are ecstatic.

aociswundumho said:
No, because a lot of the stuff we buy from europe goes up 15%. As a voter, higher prices don't make me happy.
Click to expand...

Correction:

Biden, aociswundumho and the Democrats only care about themselves, not the American people who are ecstatic.

MAGA.
 
Oswald was Innocent said:
So Much Winning! How come Biden and the Democrats couldn't do great things things like this for America and the American people? They only do things that benefit themselves in D.C.. Nevertheless, this is a trade deal involving 27 countries at one time. That’s a huge win. Trump strikes gold again. The great states of Louisiana and Texas, Kings of American Energy, will celebrate this deal.


This massive trade deal announced today will seal confidence in the Republican Party and the overwhelming majority of the voters.




www.breitbart.com

Trump Reaches Historic Trade Deal with EU: Europe to Buy $750 Billion in U.S. Energy

President Donald Trump has reached a historic trade agreement with the European Union in which Europeans will open their markets to the U.S.
www.breitbart.com www.breitbart.com
Click to expand...

"The framework agreement will likely not do much for economic growth on either side.

Link
 
History shows that Trump hasn't actually been good for the O&G industry. Trump's calls for $2 a gallon gasoline would decimate the US shale industry. A couple of actual facts might be good to see.

First, let's look at active rig counts.

In his first term the shale revolution momentum was in play causing rig count to grow for the first 2 years. From 683 active rigs in Jan 2017 up to 1013 in April 2019. Good performance overall up to that point in time. Then the roof fell in. Over the next year rig counts tanked from that 1013 peak to a pre covid 771 in March 2020. Covid crushed the industry causing active rigs to fall to 374 when he left office in Jan 2021. Damn sure nothing to brag about.

In Trump’s current term the term rig count was at 582 in January and today it sits at 573. Yawn. It is really too early to see what impact his current policy will have moving forward. Though, as I said, his $2 gasoline would not be a positive to the industry.

How about shareholder value? Pretty much sucks.
S&P Oil and Gas Index.

When Trump took office in Jan 2017 index stood at 6,250. By pre covid January 2020 the index had lost over half it's value and stood at 2894. Investors not happy. When Trump left office in Jan 2021 the index was in the 2500 range.

So far in this term the index was in the 5,650 area when he took office. Currently it sits at 4,940.

What does the Dallas Fed Energy Survey have to say? (A great source)
www.dallasfed.org

Oil and gas activity contracts slightly as uncertainty remains elevated

Activity in the oil and gas sector contracted slightly in the second quarter of 2025, according to oil and gas executives responding to the Dallas Fed Energy Survey.
www.dallasfed.org www.dallasfed.org
How has the number of wells your firm expects to drill in 2025 changed since the start of the year?
des2502c1-p.webp

How much would you estimate that tariffs have increased your firm’s cost of drilling and completing a new well?
des2502c3-p.webp
 
Oswald was Innocent said:
So Much Winning! How come Biden and the Democrats couldn't do great things things like this for America and the American people? They only do things that benefit themselves in D.C.. Nevertheless, this is a trade deal involving 27 countries at one time. That’s a huge win. Trump strikes gold again. The great states of Louisiana and Texas, Kings of American Energy, will celebrate this deal.


This massive trade deal announced today will seal confidence in the Republican Party and the overwhelming majority of the voters.




www.breitbart.com

Trump Reaches Historic Trade Deal with EU: Europe to Buy $750 Billion in U.S. Energy

President Donald Trump has reached a historic trade agreement with the European Union in which Europeans will open their markets to the U.S.
www.breitbart.com www.breitbart.com
Click to expand...

Who are the winners and losers in US-EU trade deal?​


US consumers - loser​

Ordinary Americans are already aggrieved at the increased cost of living and this deal could add to the burden by hiking prices on EU goods.

While not as steep as it could have been, the hurdle represented by a 15% tariff rate is still significant, and it is far more pronounced than the obstacles that existed before Trump returned to office.

Tariffs are taxes charged on goods bought from other countries. Typically, they are a percentage of a product's value. So, a 15% tariff means that a $100 product imported to the US from the EU will have a $15 dollar tax added on top - taking the total cost to the importer to $115.

Companies who bring foreign goods into the US have to pay the tax to the government, and they often pass some or all of the extra cost on to customers.

www.bbc.com

Who are the winners and losers in US-EU trade deal?

Carmakers, consumers and European solidarity - a look at who is up and who is down due to the latest tariffs.
www.bbc.com www.bbc.com
 
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