Trump says Europe agrees to ‘massive’ release of diesel amid war shortages

5 comments

• TrackenDaKracken3via worldnews@lemmy.ml

  A better article with more details:

  G7 announces oil reserve release, as Trump hails Europe diesel deal

  Macron says G7 will release 100 million barrels over four months; diesel release to be ‘frontloaded’

  In 2025, distillate (or diesel) fuel consumption (excluding biodiesel and renewable diesel) by the U.S. transportation sector was about 2.94 million barrels per day.

  The U.S. alone uses 3 million barrels per day, 100 million barrels would last about a month. These barrels are not being released to the U.S. directly. It's going to help a little, but not much, and not for long.

  My understanding is no country stocks significant reserves compared to what is used each day, because oil sitting in storage costs money instead of making profits. Instead, we produce what is used and can be sold as soon as possible. Essentially, Just In Time for the energy sector, like every other manufacturer. So, this isn't a real solution, it's just Trump trying to earn brownie points before the election.

  • ☆ Yσɠƚԋσʂ ☆3

    Yeah, this isn't going to help for long, and once reserves run dry in a few months, the US will cut off exports leaving Europe out to dry.

    • wheezy1

      Trump will threaten to. And European leaders will cave to demands of the Trump admin again and again. Whether it's something that benefits one of his businesses or investments. Or all the way up to joining the Iran War.

      At some point. We're going to run out of "this temporary measure will bring oil futures down". And, at that point, Europe will be forced into, at first, symbolic support of the Iran war, material support of the Iran War, and finally stuck in the same unwinnable War the US is.

  • mrmisses1

    It will help for a month and the US will be deeper in debt for it thanks to pedo presidents illegal war

• LocalAreaMan3via worldnews@lemmy.ml

  Europe is his bitch.