With friends like the United States who needs enemies?
“It may be dangerous to be America’s enemy, but to be America’s friend is fatal.”
― Henry Kissinger
He probably agreed to release the diesel with the G7 over the last few weeks and this is just grandstanding
I’m guessing he’s forcing the vassals to release what meager reserve they have left to ride out the election.
speedrun to crash the global economy
I suspect the global economy is kind of like a chicken running with its head cut off at this point. The energy shortage is structural and cannot be fixed in the near term. And the effects of that have been masked by the fact that tankers were already out when the war started, and took some time to get to their destination, then by countries opening up the reserves. Now both of these amortization measures are exhausted, and we’ll see the real price of energy take effect.
i fully expect the brunt to be felt after the midterm elections – sparing trump and his ilk from the worst of the fallout.
yeah an energy crisis right before the election would be a disaster for them
He is trying to temporarily lower diesel prices before the midterm elections.
What they aren’t talking about is that trump also has drained the US strategic petroleum reserve. When they stop drawing that down, things will get really ugly.
I don’t understand the motivation here - isn’t the US an exporter? Surely high prices benefit the green line
There are real shortages at this point, and the US doesn’t produce nearly enough diesel to cover the shortfall. The US is looking at an economic crisis at this point with diesel going through the roof. Much of the transportation and farming depend on it. There’s absolutely going to be a cap.
