Two things are likely to happen if the Tangerine Tyrant *does* ban diesel exports:
1. short term US prices would drop, but then as the US relines more diesel than it needs, there would swiftly be a diesel storage problem, and so
2. as refiners are not that flexible, to reduce capacity *all* refining capacity would fall, so then the US would likely export more crude oil... benefitting China, the one country that has plenty of spare refining capacity!
#diesel #trump #politics #oil
h/t FT
Emeritus Prof. Christopher May
npub170…fuzxa
2026-09-23 20:29:51 UTC
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wss://relay.ditto.pubPublished at
2026-09-23 20:29:51 UTCEvent JSON
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