The Group of Seven Nations agreed Friday to release 100 million barrels of oil from its stockpiles—following a desperate plea from the White House.
The G7 held an emergency meeting Friday morning to discuss global energy costs. The discussion came in the wake of a pressing call between Donald Trump and French President Emmanuel Macron, during which the U.S. leader asked for assistance amid the current oil crisis and floated the idea of banning U.S. diesel exports, according to CBS Chief Foreign Affairs Correspondent Margaret Brennan.
Donald Trump announced after the meeting that “Europe has just agreed to release a massive amount of their heavily stocked Diesel Oil. The process will begin immediately.”
The European barrels are expected to hit the market over the next four months.
no, he didn’t beg
he threatened to stop selling US energy to EU
He’d be a moron to do that tbh. Right now the US is massively profiting off the high energy prices. Not its people but its oil companies at least.
He’s bankrupted casinos before so why not his own oil industry
if the goal is to further disrupt the EU then it would be a smart next step
oil prices for Americans are of no consequence anymore too
The European barrels are expected to hit the market over the next four months.
We just need a month for paperwork and stuff, we’ll start excacly mit November. Hope this helps!
So it’s the Group of Seven again when he wants a favor, huh? Why didn’t he just ask his G8 buddy Putin?
I know it’s rethorical, but Putin already banned exports of diesel well into 2027. Kinetic sanctions…
Proof Europe wants it to happen. Simple as.
Why do people keep helping him???
Why does the rest of the world keep rolling over to his idle fucking threats???
They are not helping out of their own volition. It’s extortion. Europe imports 50% of its Diesel from the US. If we say no, not only the consumers will suffer, but the economy as a whole. Massively.
Also it’s just on paper, like the agreement in summer last year where the EU agreed to buy more gas from the US than they actuallly produce, or invest a certain amount without any way of enforcing it.
It’s just for the headline, nobody has any intention of following up, trump is just too dumb to realize that.
There are a lot of reasons, most of them suck.
Short answer is he’s just the front man for a much larger demographic and he’s got a lot of financial systems held hostage because of almost 100 years of the US working to make the dollar the global currency. He’s everyone’s problem.
He’s everyone’s problem.
No, no, no, haven’t you seen the posts all over? He’s America’s problem and it’s their mess to clean up.
There’s absolutely no global impact on the rise of far right ideology and it’s certainly not trending up in pockets around the world.
The puppet regime that is the Trump administration isn’t an indicator of a larger global oligarchy problem at all.
Agree. ‘The most uneducated buffoon in history stands at a podium, bloated with self-importance, lips pursed like a carnival barker ready to sell turd milk to the unsuspecting. He grins a grotesque smirk stretched across his face as he scrawls his name onto a hollow decree, a sham celebration of the dismantling of knowledge itself. The Department of Education falls, not with a bang, but with wheezing verbs, suffocated under the weight of his own staggering ignorance. Surrounding him are the usual suspects: cowards in expensive suits, servile sycophants clapping like trained seals, and racist opportunistic ghouls picking clean the bones of democracy. Liars, fools, and thieves all parasites fattening themselves on the hardships of the many. They stand in rigid formation, dead-eyed and soulless, their allegiance sworn not to country, not to principle, but to power, and the dark, festering rot that clings to it. And there he is the convicted wrong, the living embodiment of septic tank spew, his voice a noxious fog of grift and grievance. He lectures the world on right and wrong, irony clawing at the walls, desperate to escape the grotesque theatre of his moral void. The stomach turns, the air curdles, and for a moment, history itself recoils watching, in horror, as the great American experiment teeters on the precipice, led by a man who couldn’t spell “precipice” if his life depended on it.’
He’s the responsibility of the US. He’s a global problem though.
Forget that, the USA are a global problem. He’s just the band’s leader.
He’s the American symptom of a global problem that is humanity’s responsibility.
The rest of the world ain’t gonna throw him out. The USA have to handle this. The only country regularly invading others to change their governments is… well, you get it.
If you think Trump is the problem your not paying attention. He’s just a puppet of his oligarch masters and they are feeding far right movements all over the globe.
Old but still true. “But there’s a reason. There’s a reason. There’s a reason for this, there’s a reason education SUCKS, and it’s the same reason it will never, ever, EVER be fixed. It’s never going to get any better, don’t look for it, be happy with what you’ve got. Because the owners, the owners of this country don’t want that. I’m talking about the real owners now, the BIG owners! The Wealthy… the REAL owners! The big wealthy business interests that control things and make all the important decisions. Forget the politicians. They are irrelevant. The politicians are put there to give you the idea that you have freedom of choice. You don’t. You have no choice! You have OWNERS! They OWN YOU. They own everything. They own all the important land. They own and control the corporations. They’ve long since bought, and paid for the Senate, the Congress, the state houses, the city halls, they got the judges in their back pockets and they own all the big media companies, so they control just about all of the news and information you get to hear. They got you by the balls. They spend billions of dollars every year lobbying, lobbying, to get what they want. Well, we know what they want. They want more for themselves and less for everybody else, but I’ll tell you what they don’t want: They don’t want a population of citizens capable of critical thinking. They don’t want well informed, well educated people capable of critical thinking. They’re not interested in that. That doesn’t help them. That’s against their interests. That’s right. They don’t want people who are smart enough to sit around a kitchen table and think about how badly they’re getting fucked by a system that threw them overboard 30 fucking years ago. They don’t want that! You know what they want? They want obedient workers. Obedient workers, people who are just smart enough to run the machines and do the paperwork. And just dumb enough to passively accept all these increasingly shitty jobs with the lower pay, the longer hours, the reduced benefits, the end of overtime and vanishing pension that disappears the minute you go to collect it, and now they’re coming for your Social Security money. They want your retirement money. They want it back so they can give it to their criminal friends on Wall Street, and you know something? They’ll get it. They’ll get it all from you sooner or later cause they own this fucking place! It’s a big club, and you ain’t in it! You, and I, are not in the big club. By the way, it’s the same big club they use to beat you over the head with all day long when they tell you what to believe. All day long beating you over the head with their media telling you what to believe, what to think and what to buy. The table has tilted folks. The game is rigged and nobody seems to notice. Nobody seems to care! Good honest hard-working people; white collar, blue collar it doesn’t matter what color shirt you have on. Good honest hard-working people continue, these are people of modest means, continue to elect these rich cock suckers who don’t give a fuck about you…. they don’t give a fuck about you… they don’t give a FUCK about you. They don’t care about you at all… at all… AT ALL. And nobody seems to notice. Nobody seems to care. That’s what the owners count on. The fact that Americans will probably remain willfully ignorant of the big red, white and blue dick that’s being jammed up their assholes everyday, because the owners of this country know the truth. IT’S CALLED THE AMERICAN DREAM, BECAUSE YOU HAVE TO BE ASLEEP TO BELIEVE IT.”
George Carlin
He’s A problem. Relax a little my friend, we share basically the same opinion.
At least it’s a little harder everywhere else because most people haven’t devolved into a political system of only A and B. That shouldn’t make people elsewhere feel safer. It just means you have more time.
I used to think the EU was pretty solid but I’ve been seeing the ratcheting effect over there in recent years. With one or two bad actors completely stalling out protections. They better watch out.
You smile, while you massively uspcale and speed up all the processes of untangling dependencies, building sovereign capabilities in areas that previously relied on the US etc. France is one of the best examples for that.
I just hope this is true. I really think America needs a good 20 years in the wilderness to contemplate what they did by voting in that corrupt, morally bankrupt, buffoon. I hope he rots in jail for all he has done.
What he’s done is what they’ve always done, just more grotesquely and evidently.
This is factually untrue, at least in this case. If Donald had done what presidents always do, we’d still be in Iraq and Afghanistan.
In his first term he pulled the US military out of Syria and negotiated the withdrawal from Afghanistan. His record was consistent with the position he took in his campaign not to start forever wars.
The American people had good reason to believe we wouldn’t be involved in another forever war and were also lied to.
And this is coming from someone who hates him as much as you do.
In this case? Because if Trump issues an export ban, gas prices in the EU are going through the roof.
It’s extortion. Plain and simple.
They are already through the roof. Fuel costs more than 3 times as much as it did 20 years ago, and wages (at least in my country) have stagnated completely.
Because he weilds a lot of power :(
Nukes, most likely. He’s been itching to use one.
This comment deserved more attention. He is going to go nuclear before his term is up. He needs to use that power, it’s in his dna to want to touch that stove.
Because theyre not idle threats he really will tariff the fuck out of you if you don’t comply.
The thing is, it was this b type of hubris that b for him into this mess and it’s not going to get b him out of it
Have you guys noticed that all of the craziest things he does always hit on a Friday? Just in time to harvest the changes if the atickmarjet but always late enough for the international markets to have closed?
The Friday News Dump has been around a lot longer than Trump. Market Manipulation Day is every day for Trump. He doesn’t wait until the end of the week for that shit.
F5 Friday baybee
after the midterms…course he better say thank you, the orange bish
Serious question: if Europe were to fully commit to installing renewables, how much dependence on diesel would it maintain in, say, one year? I mean really putting it all in, like a war economy but with this
The whole transportation business run on diesel. There are currently no good truck EVs and if there are they will require special charging stations, so it would be very difficult to change to renewables and EV overnight.
We will still be dependent on petrol though, but much less, but petrol is needed in the chemical industry for the production of plastic, for plane fuel, etc.
Not the whole transportation business. Most of it perhaps, but not all.
https://www.scania.com/ie/en/home/products/trucks/battery-electric-truck.html
Don’t forget freight ships. A quarter or so of worldwide commerce is international shipping by sea. I’m not aware that there’s any commercially viable solution for powering these ships with renewables. The closest I know of are US Navy Carriers, which don’t require diesel, but they’re powered by nuclear reactors, which are neither renewable nor commercially viable (not that the USN would care about profitability) and require a huge amount of expertise to maintain.
Ships use bunker fuel, which varies in refinement between 1 notch above crude oil to slightly thinner.
Then I have been misinformed, thanks for the correction. Still, they’re dependent on oil for now, which is gonna become more and more of a problem than it already is.
But less of a problem for things like ships that still use fossil fuel as other means of transportation move away from fossil fuel.
A nuclear tugboat model where the shipping boat (“barge”) is attached to the nuclear tugboat by some linkage is probably inevitable. It would give a way to meet security requirements of the barge crew never having access to the tugboat while still having sustainable fuel and not having to redesign all ships. If Maersk didn’t have a research paper somewhere in a drawer doing cost estimates for that, a fully nuclear container ship, and a time estimate for when current fuel sources run out then their 50 year plan is probably incomplete. I’m sure there’s a bunch of companies who’ve done stuff like that without making it public like with Exxon and climate change.
Depends on how much society is willing to sacrifice. One year isn’t long, but you could conceivably get just about every car and van off diesel, get just about everyone off heating oil (which is just diesel), go crazy on electric trains, dramatically decrease construction and electrify what you can there, and switch backup generators to gas (which doesn’t really help the climate of course but helps with no diesel). The biggest near term issue is likely heavy transit. You could displace some with trains and petrol/electric vans, but there’s going to be serious rationing going on and supply chains will be hanging on by a thread. Farming equipment also a big issue. Hydrogen might be able to start replacing diesel for these uses but within a year is crazy ambitious. This would be hard to do in a decade.
Regardless, we need to approach this from a “war economy” standpoint, so I like the question.
A lot. EU has fairly shit power generation. For example if France and Spain citizens had access to window air conditioners it would have overloaded the grid by like 2x. Now you want to plug in a hundred thousand cars that are way worse?
Didn’t both countries generate an energy surplus large enough to export energy?
Spain’s a lot mostly due to solar and wind generation: https://www.theglobaleconomy.com/Spain/electricity_exports/
And France even doubles that due to relying in Nuclear power as their backbone:
https://www.theglobaleconomy.com/France/electricity_exports/
I know that without the energy France sells to my country, Italy, we’d be fucked. And much of our goods are (idiotically) transported on the road via semis, so no diesel would be a disaster. And making new railways is an… interesting challenge in a country that’s mostly mountains.
What’s the source for this? I didn’t realize the power grid was so fragile in the EU. I thought most EU citizens with cars these days drive EVs already.
Of course I can’t speak for the entirety of Europe, but EVs have not taken over. They are more common in some places rather than others and they’re slowly getting more popular, but they’re not the majority.
Also, at least at a local level, the power infrastructure is not really a problem and is improving. In my particular city, where it used to be confortable enough during the summer to not require AC, people have been installing AC units en masse some years ago, creating a sudden load on the network and causing outages. Over the past few years they’re getting less and less frequent. This summer the power didn’t go out once. Now the cost is another matter entirely, due to idiotic decision by several incompetant politicians.
I’ll pay a nickel to suck every dick Trump adds to the economy in this way the war is going on oil so the drugs have more than there ever were before then.
But they did. G7 releases emergency reserves - The Guardian
Of course my representatives are cowards like usual. No wonder the far right gains more traction here every day. I’m not fooled by them, but when the actual leadership is this retarded it’s not hard to fool most of the idiots.
“in 4 months” kicking the ball forward until November, …when GTA6 comes out.
What they actually said:
Was gonna do it if no one else did
Prices would plummet tomorrow if he got the fuck out of Iran.
I’m genuinely asking, would getting the fuck out be enough?
He would need to capitulate. He would need to acknowledge his fuckup, to the satisfaction of Iran. I don’t think he’s capable of that. Not simply that he doesn’t want to, although that’s also true. I mean he’s not equipped to negotiate an end to this hostility.
I don’t know about “plummet” as they always seem to fall like a feather if that’s the trend, but you are otherwise right.
Which is fair, because there’s a good chance we’d be back at it in three days.
Also, prices will never be the same, because the risk calculus for the Strait of Hormuz has changed forever. Insurance premiums for shipping through there will never go back down.
Completely agree. I am leaning harder into renewables as the dino-fuel prices will never be what they used to be. Maybe this is the push the world needed…? Sure is ugly though.
One of the few reasons I haven’t installed solar this year is simply that i want to stay close to my savings in case of job loss.
But imagine buying a petrol car in this economy. I’d rather have a used Musk car
I understand. I was able to muster enough to set some solar up and am happy about that. I am due to replace my vehicle and I am no longer looking at petrol autos and instead am trying to tell myself that the loss of privacy going into a newer EV might not be so bad? Maybe…? I do not like the choices, but am fortunate to even have those.
The loss of privacy has nothing to do with EVs that’s the same on all modern cars.
True, but you can find a perfectly good 20 year old IC. With an EV that old you’re going to be making bigger compromises.
Nobody said otherwise. I am not looking at all cars. Just EVs.
Regarding privacy, I’m pretty sure Google is harvesting all of that through my phone anyway, so I consider it sunk cost.
I will scratch and claw as much as I can, but yah it’s an uphill battle.
And Fotzenfritz bent right over and greased his butthole.
Draining Europe for Putin
Well, that will work for 3 days.
deleted by creator
