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re: Bessent says administration studying the feasibility of a diesel export ban

Posted on 9/22/26 at 6:00 pm to
Posted by UtahCajun
Member since Jul 2021
8303 posts
Posted on 9/22/26 at 6:00 pm to
quote:

Hyperbole much?

How many goods do we import that rely on American diesel to get to market? If we quit exporting, would the cost of those goods then rise?
This post was edited on 9/22/26 at 6:00 pm
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
483187 posts
Posted on 9/22/26 at 6:01 pm to
quote:

Skyrocket?

Hyperbole much?

The increase would be more than proportional to the rise in domestic diesel, which is the basis of this policy.

So if that's your response, it should be directed at Bessent
Posted by UtahCajun
Member since Jul 2021
8303 posts
Posted on 9/22/26 at 6:02 pm to
quote:

Making the entire world share the burden of Zelensky taking orders from the EU just seems backwards.

So the world shouldn't share the burden of disruptions due to happenings in the ME?
Posted by PsychTiger
Member since Jul 2004
111194 posts
Posted on 9/22/26 at 6:03 pm to
If we restrict distribution to US states only then that would also cut out California since they don’t identify as a US state.
Posted by BamaCoaster
God's Gulf
Member since Apr 2016
7488 posts
Posted on 9/22/26 at 6:05 pm to
Trump is a lot of things.
Free market certainly ain’t one of them.
Posted by UptownJoeBrown
Baton Rouge
Member since Jul 2024
12663 posts
Posted on 9/22/26 at 6:08 pm to
quote:

How many goods do we import that rely on American diesel to get to market? If we quit exporting, would the cost of those goods then rise?


Sure but not skyrocket.
Posted by rob0710
LA
Member since Oct 2004
1360 posts
Posted on 9/22/26 at 6:13 pm to
quote:

that’s not a very free market response.


Do you really believe we have free markets?
Posted by LegendInMyMind
Member since Apr 2019
76709 posts
Posted on 9/22/26 at 6:16 pm to
Another decent discussion:



They mention towards the end about a nationwide hours of service waiver that went into effect a few days ago. Tanker truck drivers can run 16 hour days now to deliver diesel.
This post was edited on 9/22/26 at 6:17 pm
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
483187 posts
Posted on 9/22/26 at 6:17 pm to
quote:

Do you really believe we have free markets?

Why would you want them less free?
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
100682 posts
Posted on 9/22/26 at 6:18 pm to
Why shouldnt we be doing this?
Posted by roadGator
DeBoar’s dome
Member since Feb 2009
160285 posts
Posted on 9/22/26 at 6:21 pm to
The MAGA lurch left should not have been surprising.
Posted by lake chuck fan
Vinton
Member since Aug 2011
25228 posts
Posted on 9/22/26 at 6:23 pm to
quote:

quote:
if we stop exporting diesel, it would increase availability of diesel in America which should lower prices in America.


What about all the goods we import that will skyrocket? What impact will that have in prices in America?


You missed my point. If we decrease exports of diesel to Europe, we increase diesel supply in America, prices fall.

WHATEVER systematic impediment that causes the basic principle of supply and demand to fail, needs to be corrected.

Again, I ask.... if we decrease exports which increases supply, why shouldn't prices fall?
Posted by Hateradedrink
Member since May 2023
4308 posts
Posted on 9/22/26 at 6:27 pm to
They can just refine less oil overall, which would result in less gas production as well.

Diesel and gas are refined at the same time, generally speaking. The ratio can be tweaked to favor one over the other, but if they flat cut refining volume, less gas will be produced and gas prices will go up.
Posted by goatmilker
Castle Anthrax
Member since Feb 2009
77638 posts
Posted on 9/22/26 at 6:27 pm to
quote:

that’s not a very free market response.


When you find me a free market I'll be here

Supply and demand
We don't have a fuel shortage here and here the demand is fairly steady. We produce a lot so prices should be good for us here in that model.
Posted by UptownJoeBrown
Baton Rouge
Member since Jul 2024
12663 posts
Posted on 9/22/26 at 6:30 pm to
quote:

Again, I ask.... if we decrease exports which increases supply, why shouldn't prices fall?


They will but since California imports foreign gasoline, they say it will cause retaliatory restricts which will increase the price of gasoline.

Plus Bessent said the main reason is Russia banning export if diesel because of the attacks on their refineries by Ukraine.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
483187 posts
Posted on 9/22/26 at 6:31 pm to
quote:

t. If we decrease exports of diesel to Europe, we increase diesel supply in America, prices fall.

And I pointed out assuming this is correct (which is debatable), goods everywhere else will increase (due to the same delta causing that price decrease). This means all of our imported goods will become more expensive, offsetting these gains.

quote:

WHATEVER systematic impediment that causes the basic principle of supply and demand to fail, needs to be corrected.

That ship sailed when Trump declared war with Iran

Posted by texag7
College Station
Member since Apr 2014
41766 posts
Posted on 9/22/26 at 6:35 pm to
quote:

This means all of our imported goods will become more expensive, offsetting these gains.


Nope
Posted by riccoar
Arkansas
Member since Mar 2006
5504 posts
Posted on 9/22/26 at 6:35 pm to
quote:

So the world shouldn't share the burden of disruptions due to happenings in the ME?


No. The US has plenty of oil and diesel. We get zero oil from Iran. But because a person speculates the price and sets it, everyone pays that price.

Oil is getting out of the Strait, but prices aren't coming down. That's because there is a global power struggle.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
483187 posts
Posted on 9/22/26 at 6:41 pm to
quote:

Nope

So we expect foreign producers to eat the cost increases?
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
483187 posts
Posted on 9/22/26 at 6:42 pm to
quote:

We get zero oil from Iran. But because a person speculates the price and sets it, everyone pays that price.

Holy shite

quote:

Oil is getting out of the Strait,
Nowhere near as much as prior to the war

quote:

but prices aren't coming down

Because supply has decreased for some time now

quote:

That's because there is a global power struggle.

Just supply and demand.
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