cross-posted from: https://piefed.blahaj.zone/c/us_politics@piefed.blahaj.zone/p/1020786/boosting-us-oil-supplies-with-russian-diesel-unlikely-to-have-much-impact-on-price
Energy policy experts on Friday expressed doubts that a boost in diesel supply from Russia will have a significant impact on oil prices, whether in the U.S. or globally.
“It’s kind of shuffling deck chairs on the Titanic,” said Michael Lynch, distinguished fellow at Energy Policy Research Foundation, a nonpartisan research institution focused on energy and economics.
“If we get diesel from Russia, basically it means that their existing customers are not going to get it and they’ll have to go somewhere else, and that will keep the price basically where it is now,” Lynch said.
And while the White House may be counting on this move to give some relief at the pump for U.S. truckers, ranchers and farmers who have been hit hard by rising diesel prices, that’s not a given.
“The best you could hope for is a tiny dip in prices locally in places like the New York-New Jersey area, Philadelphia maybe,” Lynch said. “It just means that the oil is just going to be shuffled around and it’s not really going to change the price globally or across the U.S.”
More in the article.
I’m starting to worry that we will never get to see the pee pee tape
I’m convinced it’s a CP tape…
He treats Russia better than he treats Australia and Canada… and we’re meant to be allies
Allies? When was the last time the USA helped Australia?
The US took in Nick Adams. Pretty sure that counts for something
Rupert Murdoch and Mel Gibson too. We’re kind of a dumping ground for the worst Australians.
Does this make America a valid military target for Ukraine?
<Germany looks around nervously>
I don’t understand how Germany sucks this hard. I want to like them, despite, you know, things.
They were fractured for 40 years until one polity just ate the other, and the East had to ideologically sort themselves into the liberal system, but the only thing everyone can truly agree on is what they fear: war, nuclear technology, and non-white people.
Yes
And once again Trump proves that he is a traitor to USA and democracy, and USA proves to be a traitor to their “former” allies.
Nobody should buy anything from USA, they are our enemy now more than China ever was.
Well it sure gives Russia a way to offload diesel in a way that Ukraine probably won’t be willing to intercept.
EU and Ukraine: Fucking USA…
Part of the problem here, is the cost of distillates from the refineries. Reuters did an article about it, and it is not indexed to search engines when I tried to reference it. Reuters search is worthless as all news searches seem to be.
Edit: As I recall, it was like double the price for distillates, while it used to be 15. Sounds like price fixing.
