Midwest’s largest refinery would have an incredible choice if President Trump imposed taxes on Canada’s oil: pay the raw to a higher price that it turns into gasoline and diesel, or converts into a slash production.
Both powers threaten to increase prices at the pump, though Mr Trump has announced a minor, although he has remained at a rate of 10 % this month.
It is unclear whether the tariff will be implemented after Mr Trump decides to keep it unhealthy until early March.
Nevertheless, the refinery was built around 1889 on the southern coast of Lake Michigan near Chicago, a reminder of how difficult it could be to invalidate the trade relations that passed for decades.
Mr. Trump, like many US leaders before, are craving for a kind of energy freedom, which experts say is inaccessible and will not benefit individuals or the oil industry.
“We do not need their oil and gas, citing Canada last month,” Mr Trump said last month. “We have more than anyone.”
It boils on it: It doesn’t matter how much oil the United States pumps. Many people cannot work well without deep, rotating, cheap raw raw, which is difficult to find home.
Canada is a flush with oil, called heavy raw. And such facilities, BP refinery, industry, were built around this supply in Whites.
Companies have little reason to spend billions of dollars that spend their systems for trade policy, which is possible. Do not mention that there is uncertainty about the pace of global demand for petrol and diesel, which Some experts believe that the next decade may be rise Since more people buy electric cars and trucks that run on natural gas and other fuel.
“You can’t convert Titanic to a penny, and the industry is similar,” said Rick Wen, a retired refining executive, working in the White Refinery for many years in the 1980s and 90s.
Waking, tanks, towers and more than 800 miles of pipelines, are among the most relying on Canadian oil. At any day, the raw raw raw is of darkness, between 65 % and three -quarters, which is found in the sand of Alberta oil. The rest is mild, and most of it can come from Texas, New Mexico and other US states.
The BP can adapt to its synthesis – but only that. Very little adhesive things and the company will need to reduce its fuel production that cars, trucks and airplanes power the power. Refinery usually More than seven million cars make enough gasoline in a dayOr 3 % of gas -powered vehicles on US roads.
The oil and gas industry, one of Mr Trump’s biggest supporters in last year’s elections, has called on Canada to be exempt from Canada’s revenue, he said in prices from taxes to pumps. Can cause an increase. (During the campaign, Mr Trump promised to reduce people’s energy bills more than half.)
“It’s not as easy as changing things as easy as changing,” said Chat Thomson, chief executive of American Fuel and Petrochemical Manufacturers, a trade association, a trade association, a trade association, a commercial association, said.
Identifying that Mr Trump listened to the industry, which gave his campaign more than 75 million millions, reduced Canadian energy import tariffs by 10 %, from 25 %. Is
At this level, some consumers may see some cents an increase in petrol prices, but analysts said most of the extra cost will be absorbed by Canadian oil producers and US refiners who effectively do business together. I am closed The effects of this can be more severe if Canada retaliates against Mr Trump’s trade policies, making his oil more expensive, such as imposing export taxes.
Tariffs on Mexico oil simultaneously, even up to 25 %, is expected to be less interrupted by this border as the United States imports less oil and Gulf Coast refineries that use it They have more alternatives to refineries. Midwest
A few hours ago to impose prices, Mr Trump stopped him for at least 30 days in exchange for border security measures from Canada and Mexico.
Kosh Desai, a White House spokesman, said in a statement that the deals have shown the president’s “commitment to use every lever of every executive power to keep the Americans and the United States first.”
Amidst uncertainty, the 23 -year -old special education classroom assistant, Calcie Thomas, was trying to find out what it could mean for North America’s trade war. Gas Prices – Last week, outside Chicago, a gallon – a gallon – was in mind.
He said of Mr Trump, “He was about to bring down prices.”
Refine companies, many of whom have reported income at the end of the year in recent weeks, have tried to assure investors that they are ready.
“The study of prices has been at the top of the list of things we are doing,” Marian Mann, chief executive of the fuel -making marathon Petroleum, told Wall Street analysts last week.
Ms Mann added, “It is likely that we will see the cost increase. We think that the majority of them will eventually tolerate the producer and then, clearly, to some extent, the user.
Mr Trump said he was stopping Levies, after which the price of the marathon petroleum stock increased by about 7 %.
The BP invited a reporter and a photographer to visit the White Refinery last week, but canceled a planned interview with a top refinery executive.
In a statement, the executive, Chris Delafarko, said, “We plan for every scenario.”
As there is a lot these days, people’s feelings about the possibility of taxes often find out how they see the president himself.
Connie Salis, a Republican, who owns a flower shop in White, eliminated the risk that she could soon have to pay a higher price for plants like Aizolias and Cycumin, or to fill her delivery truck.
“The fact is that the prices are around $ 3 mark, if it goes to 50 3.50, then there is nothing big,” said 77 -year -old Ms Salis. “What to do to improve the country is fine with me.”
Hamberto Martiniz, a retired refinery activist from the White Refinery, expressed further concern over Mr Trump’s trade policy. He voted for former Vice President Kamla Harris.
“BP does not increase my pension,” said 75 -year -old Mr Martinage, 75 -year -old. “The thing I fear is that I will not afford the same lifestyle.”
