Senator Grassley says he hopes WH does not listen to big oil who claim diesel export ban will not work
Senator Grassley says he hopes WH does not listen to big oil who claim diesel export ban will not work
US Treasury Secretary Bessent says the private sector is driving America’s economic resurgence
US State Department says Secretary of State Rubio met with his Indian counterpart; discussed sanctions that could be leveled against the states that engage economically with Russia and Iran
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Full Post: * "I hope WH doesnt listen 2 Big Oil who claim diesel export ban wont work Big Oil doesnt need 2 charge sky-high diesel prices 4 Iowa farmers + truckers just filling up They shld cut price 4 US diesel&get the $$ frm other countries IF U CAN EMBARGO CHIPS U CAN EMBARGO DIESEL"
Calls from agricultural-state senators for curbs on fuel exports are a recurring feature of periods when diesel prices run well ahead of crude, and the mechanism at issue is well established: restricting exports would trap US Gulf Coast supply domestically, pressuring local diesel cracks while tightening the Atlantic Basin balance and widening the spread between US and European product prices. Past episodes of export-restriction talk have tended to surface from refining-region or farm-belt lawmakers rather than from the executive, and the policy has historically been resisted by administrations on the grounds that refiners would cut runs and that allied supply would be strained. The chip-embargo analogy is rhetorical rather than legal; export controls on strategic technology and on refined products sit in different statutory and trade frameworks. What carries signal is whether the White House or the Energy Department engages with the idea, since administrative comments on export limits have in prior cycles moved prompt diesel spreads even without action. The tell is follow-through from officials with actual authority, not senator commentary, which has a long record of going nowhere.
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