1 entry tagged energy policy. All writing.
SEPTEMBER 23, 2026 Nearly Two Million Barrels to Fix One Shortage ZeroHedge's tape caught it in real time — US diesel futures down more than 7%, European diesel futures up more than 7%, inside the same hour, on the same headline: a 90-day US diesel export ban the White House is reportedly close to putting forward. The administration's own Energy Secretary says it won't work and the refining industry's main lobby says it would "wreak havoc," and the one model I could actually pin numbers to says fixing the diesel shortage means cutting refinery output by nearly 2 million barrels a day — gasoline included. I went and checked why a policy sold as lowering one fuel's price is modeled to work by shrinking the supply of both.