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2026-09-23 17:40:17 UTC
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Caleb James DeLisle on Nostr: The US imports quite a bit of oil, then refines it and re-exports it. The global oil ...

The US imports quite a bit of oil, then refines it and re-exports it.

The global oil price means that diesel can't be made for less than a certain cost. If American demand for diesel at that price is less than what refiners can make, then indeed refineries will slow down so as not to lose money.

And a diesel export ban is going to FUCK OVER American allies in Europe and East Asia, which will probably lead to emergency panic dumping of US treasuries.

Trump gonna give a Fell For It Again Aware to ... himself?