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.
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.