Chamber of Commerce, oil groups urge Trump to reject diesel export ban
17 Articles
17 Articles
If the US no longer exports diesel, fuel could be up to 25 percent more expensive, but a ban would also weaken the US oil industry.
Trump’s diesel export threat meets a shrug in fuel-strapped Europe
BRUSSELS — European authorities have downplayed threats that the United States could temporarily ban all exports of U.S. diesel, despite warnings that such a ban would have “very serious” consequences for the continent’s energy supply. On Wednesday POLITICO reported the White House was preparing a 90-day ban on exports of diesel, a move that would blow a huge hole in Europe’s supply of the fuel that’s used in heavy transport and industry. The ba…
The US president is under pressure at home from exploding fuel prices and has threatened to ban all exports of US diesel, of which Europe buys over 500,000 barrels a day. This could have serious consequences, and new US sanctions on Russian gas could also hit the Europeans.
The idea of an export stop for diesel, which US President Donald Trump brought into play because of the rising prices of these days, does not only make little sense for energy experts. Energy Minister Chris Wright is also standing up against the project.
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