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. westpfelia · 1790924189 · focus · HN ↗
  If he bans exports the EU is screwed over. It will destroy what little good will the EU has towards the US. It will cause the EU to double down on Chinese partnerships and you will see the EV transition happen faster ESPECIALLY in the Semi Truck space.
  1. Yokolos · 1790926108 · focus · HN ↗
    No, the US is screwed over. From what I've read, many areas in the US are completely reliant on imports because of how the current logistics and production/processing chain/infrastructure is setup. And the market disruption caused by an export ban would wreak complete havoc in those regions and cause significant price spikes starting from diesel and then rippling out to anything reliant on it.
    This is why he hasn't done it yet. Everybody in the US with money at stake called him and told him it was a stupid idea.
    hunterpayne · 1790993322 · focus · HN ↗
    Only 7% of the US economy is involved in international trade and most of that is with Canada and Mexico. The US is by far the country who is least reliant on the system of international trade. There are only 2 elements that the US doesn't have internal access to and that's it. Everything else is available internal to the US market. Basically, you need the US. The US doesn't need you and never has.

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