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.
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.
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.
no, he didn’t beg
he threatened to stop selling US energy to EU
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
Donald Trump is a rapist. All this is happening because Donald Trump forced himself on little children.
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 around middle of November. Hope this helps!
Prices would plummet tomorrow if he got the fuck out of Iran.
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.
I really hope spinless cowards who runs my home country won’t help him… they will probably help him…
They all should have said no.
And Fotzenfritz bent right over and greased his butthole.
Too bad they all didn’t say “Fuck you”
Then stop the Iran war, Dementia Don!
Well, that will work for 3 days.
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.
WSJ/US press repeating them, are pretending that 90% of prewar transit has occurred this one time at band camp. If it were true, China would be buying it and getting massive refining profits from exports. Iran has hit over 7 ships in last 2 weeks attempting to transit without its permission. Even if they were getting out some oil, region needs ships to go back into SoH.
begs
He has ordered colonies to withdraw from their diesel reserves under threat of cutting off their diesel imports. The colonial slaves are being forced to not maintain reserves as the US is telegraphing making a global financial crisis worse and permanent. The US brags about their economic success during this collapse by saying they have destroyed the rest of the world far worse than they are destroying the US.
Colonial slaves are not critical of illegal Iran war for Israel, and are not demanding the removal of the US from NATO, or end to war.
Not that we are in favour of the war in Iran, but we also don’t like Iran.
Also, as an European it’s always lose lose, we get terrorist attacks either way.
