Thread

US tells France and Germany to release diesel stocks or face US export ban

97 points · 151 comments · geox

ShadowOfThePit · 1790922073 · focus · HN ↗
Non-Paywalled article: <a href="https://politicstoday.org/us-presses-france-and-germany-to-release-diesel-stocks-as-fuel-prices-surge/" rel="nofollow">https://politicstoday.org/us-presses-france-and-germany-to-r...
Why doesn't he ban exports right away, forcing Europe to use their stockpiles anyways?
Is it that he can't? So the entire threat is moot?
Is he thinking of using the Graham bill to threaten +100% tarrifs for buying Russian gas?
1. hvb2 · 1790927071 · focus · HN ↗
  > Why doesn't he ban exports right away, forcing Europe to use their stockpiles anyways?
  Because big oil doesn't like that.
  And as others said, diesel is just one product. If you want to keep producing the other products you'll have to sell or store that diesel. The capacity is too much for the US alone and storing all excess capacity isn't feasible. So if he does it, there will be a surplus which means big oil will lose a large amount of money.
  1. AnimalMuppet · 1790949817 · focus · HN ↗
    Wait, what? We have excess diesel? We're producing more than we can use? Then why is the price so high?
    nullocator · 1790960792 · focus · HN ↗
    I can't speak to whether or not we have excess diesel, but the price would be high because U.S. diesel is sold outside of the united states, so if EU members are willing to pay higher $$$ for it, then that's what U.S. oil producers will sell it for, raising domestic prices in turn.

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