How Will Trump's Border Tax Impact Oil Prices?

The video discusses the dynamics of the oil market, focusing on market sentiment, supply-demand balance, and the role of inventory in backwardation. It highlights the potential impact of US shale production on supply and the implications of a US border tax on oil prices and production. The discussion includes the potential for US refiners to become major exporters and the challenges faced by Eastern Canadian refineries.

What impact could US border taxes have on shale oil production?

Discuss the potential long-term effects of a border tax on US refiners.