Petroleum is in everything. That’s why economists widely consider oil shocks to be one of the worst supply side shocks that can occur (or, at least the energy economists I work closely with hold those beliefs).
Yeah, the US has a bit more of a shock absorber compared to Europe and Asia, but you’ve already fucked with supply chains twice under this administration (tariffs, trade wars), and now, after re-equilibrating to minimize impacts of tariffs (beyond pure price pass through), we’re shocking it again.
fuzzygoosejuice on
Yep. I work for a PE pipe manufacturer and our PE cost per pound is going to double by the time the producers get their increases passed along by the end of May. We’re certainly not eating those costs and eroding our margin, and neither will anyone else. Shart of the Deal.
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Plastics. Pharmaceuticals. Cosmetics. Textiles. Asphalt. Detergents. Fertilizers.
Petroleum is in everything. That’s why economists widely consider oil shocks to be one of the worst supply side shocks that can occur (or, at least the energy economists I work closely with hold those beliefs).
Yeah, the US has a bit more of a shock absorber compared to Europe and Asia, but you’ve already fucked with supply chains twice under this administration (tariffs, trade wars), and now, after re-equilibrating to minimize impacts of tariffs (beyond pure price pass through), we’re shocking it again.
Yep. I work for a PE pipe manufacturer and our PE cost per pound is going to double by the time the producers get their increases passed along by the end of May. We’re certainly not eating those costs and eroding our margin, and neither will anyone else. Shart of the Deal.