Above, Baton Rouge, Louisiana TV report say without exports, refineries will have to stop production on multiple streams of product, including jet fuel, heating oil, and gasoline.
Energy Secretary Wright, perhaps seeing this as his chance to bail, agrees.
Death watch clock now ticking.
NEW YORK, Sept 23 (Reuters) – US Energy Secretary Chris Wright on Wednesday said a US ban on diesel exports would not work and could push up gasoline and jet fuel prices, a stance at odds with President Donald Trump, who is backing the idea.
Diesel prices have surged to record highs due to the US-Israeli war with Iran and the conflict in Ukraine, angering farmers and other users of the fuel ahead of the midterm elections in November that will decide control of Congress.
“The blunt tool of banning diesel exports definitely doesn’t work,” Wright said at an event hosted by the Economist in New York.
CNBC reporting below, highlights Iowa farmers deeply unhappy with War-jacked Diesel prices, but calls Diesel export ban a “terrible idea that would only raise prices”.