Europe has already cut Russian diesel imports almost in half, from 50% of total imports before the war to 27%. U.S. suppliers have stepped up shipments to record levels, from 34,000 barrels a day at the start of 2022 to 237,000 barrels per day so far in January, according to S&P Global.
There is a complicating factor: The Group of Seven major democracies are talking about imposing a price cap on Russian diesel heading to other countries, But it’s hard to say how the cap will work without knowing where the price will be set and whether Russia will retaliate by withholding shipments.
And just like that the world learned that there are other diesel producing countries in the world.
Remember when Trump told the Europeans their energy policy was moronic and they mocked him? That aged well.
No problem! We have plenty of cheap diesel in the US that we can ship to Europe.
It's so weird that any change that leads to potentially increasing prices is devastating and consequential and any change that would lead to decreasing prices gets a shrug and a 'It's a liquid and global market, so it means nothing.'
The EU and other globalists are not just over reacting, they have gone completely around the bend. I would compare this to, 'cutting off you head to spite the pimple on you nose', which is clueless to say the least.
Biden lost the war in Afghanistan, put the Taliban back in power, and started a proxy war in Ukraine with Russia. Enjoy it. Compliments of Biden and his Democrats.
an_leavy
Oh so it’s like when the plug lose a top shotta so he up the price in erbody
The climate communists are gonna destroy the west.. ClimateScam DemocratsAreEvil
World leaders value politics than people's lives.
Small price to pay…until Putin is dead. Putin will be dead soon enough.
I'm in your walls
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: wjxt4 - 🏆 246. / 63 Read more »
Source: WashTimes - 🏆 235. / 63 Read more »