Speaking to a forum hosted by the Economist in New York, Secretary of Energy Chris Wright explained that banning the export of diesel fuel will do nothing to impact the price of diesel fuel and would, eventually, raise the price.

The reasoning is simple.

“The blunt tool ​of banning diesel exports definitely doesn’t work,” Wright said. “If you can’t ⁠export the diesel that comes out of our refineries, you run out of places to store it, and you have to reduce US refining, which would ​put upward pressure on gasoline prices and jet fuel prices,” Wright said.

The part that Wright didn’t say is the component of price that is entirely detached from supply/demand.  The pump price is determined by market speculators, commodity traders and multinational financial interests.  That “market price” has nothing to do with the amount of diesel in the inventory.

Restricting exports, a process that ends with restricting production, only gives the speculators and traders a justification to project higher prices.   The USA ends up swimming in diesel fuel as the pump price climbs to $15/gal.

If you want to end the disconnection of supply to price, you have to do what Russia does. Sell outside the “market price” at the production cost + profit margin.

In the “west” it’s a rigged game; but be careful. The DSA crowd wants to change the game’s outcome by changing the referees who can then ban/control the players.

Trump’s MAGAnomic approach changes the rulebook of the game completely and is more in line with Putin (BRICS).

George Carlin previously explained it.

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During remarks following discussions with Sergey Lavrov at the United Nations, Secretary of State Marco Rubio announced that President Trump has extending the G20 invitation to Russian Federation President Vladimir Putin.

The G20 in Miami is scheduled for December 14th and 15th, and while there is no official reason for Volodymyr Zelenskyy to ever attend any of the G7, G20 or NATO forums, the President of Ukraine has been a participant in the last several years due to the European and Canadian political manipulations surrounding such events.

That said, if Vladimir Putin attends the G20 and Zelenskyy is invited to the G20 (for whatever ridiculous justification that might be presented), it would be the first time Zelenskyy and Putin have been in an international forum simultaneously.

In the background today, Russian Foreign Minister Sergey Lavrov was reported to have told Secretary Rubio that Russia understands the United States no longer is influencing the EU-NATO decisions about escalating conflict in the European desire to achieve full military combat against Russia; therefore there was no reason for Lavrov and Rubio to waste time in discussions of some meeting between Putin and Zelenskyy when the people in actual control of Kiev’s decision-making are in London, Berlin and Brussels.

It appears Rubio respected Lavrov’s pragmatic reality yet still wants to set the stage for an opportunity that exists outside the constraints of the EU-NATO alliance – hence, the G20 venue in Miami becomes a possibility.

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Secretary of State Marco Rubio talks to the assembled press pool following extensive conversations with various foreign ministers, including discussions today with Russian Minister Sergey Lavrov.

Questions to Rubio surrounded the Iran conflict, the status of Venezuela, the discussions between the U.S., Russia and Ukraine, the status of Cuba and beyond.  Secretary Rubio gives direct, honest and substantive responses to each of the regional questions asked.  Exceptional press conference. WATCH:

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President Trump holds a meeting with the Middle East Gulf Cooperation Council (GCC) an assembly of mid-east allies for President Trump and the overall effort to bring peace and stability to the region.  Obviously, the number one concern of the assembly is the ongoing Iran conflict.

Leaders from Lebanon, Iraq, Qatar, Jordan, Turkey, Syria, Kuwait and Egypt were in attendance for the meeting.

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President Trump and President Zelenskyy meet on the sidelines of the UN General Assembly for a bilateral meeting.

During the press availability, President Trump noted the war banter from the U.K leadership was “too nasty” and not productive toward any ceasefire deal between Ukraine and Russia. President Trump was asked about a potential U.S. diesel export ban and Trump said he supports it, but Treasury Secretary Scott Bessent was reviewing the feasibility of it.

The question not ever raised, except by USTR Jamieson Greer yesterday, is: where do you store it?  We can stop exporting diesel, but we’d also have to stop producing it because there’s nowhere to store it – and limiting production only adds to increased prices.  Russia had that same problem (see previous article).  Trump was asked about Patriot Missiles for Ukraine, which he said were part of the discussion happening after the press availability. WATCH:

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There is a general rule that applies to geopolitical contexts surrounding 96 hours or four days.  The timing is the difference between an event happening Day one, the analysis of the event by nation states communicated to leadership, and the policy shift outcome in Day four.  The rule of 96 is consistent and it is worth understanding.

Four days ago, the EU oil disruption from Saudi Arabia’s East/West pipeline event was noticed. In the four days between event day and policy day (#4) the EU have been beating the drumbeat for war against Russia.  However, you will notice the shift in tone and policy now that we have reached day four.  Analysis has reached policy makers. You might say reality sets in.

Europe now recognizes a vulnerability that was not in their policy briefs 96 hours earlier.  Things change {SOURCE}, and the quiet stuff starts to become visible. Russia has been sending France oil/gas energy products, quietly. Macron needed the internal stabilization because he’s been up against a wall.  On top of all his other issues, Macron could not afford an energy crisis.

Simultaneously, despite what we have been told by Western media, the 5,000 strike drones into the Moscow region should again be taken in context.  Russia is an analog system in a digital world. Russia is exceptionally resilient and can repair and recover much faster than western analysts ever fathom.  Again, apply the ‘rule of 96.’

Russia is now overproducing diesel fuel. Wait, what(?) you might ask.  It’s true.  Russian strategic diesel fuel reserves are now full and overproducing 15% beyond storage capacity. {SOURCE} So, where is the excess capacity going?  To the “stans” in Central Asia, from there it ships to forward destinations. Turkey is a dependent beneficiary. Do you remember the strategic agreement between the USA and Kazakhstan? {Source}

Russia increased diesel supplies to Mongolia by 73.4% in August from July to 215,000 metric tons, while shipments to Kyrgyzstan surged 16.4 times to 72,000 tons and deliveries to Tajikistan rose 3.5 times to 56,000 tons. Russia also exported 28,000 tons of diesel to Kazakhstan after making no deliveries there in July. {source}

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United Kingdom Prime Minister Andy Burnham and US President Donald Trump say they have established a good connection in their first meeting, despite differences on some foreign policy issues.

Talks as described covered Ukraine, Iran, the Strait of Hormuz, the Falkland Islands, and trade issues with Trump praising Burnham as a “natural businessperson.” President Trump was critical of the British plan to cede sovereignty of the Chagos Islands, calling it a “terrible deal,” while Burnham pledged to find a solution.  WATCH:

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President Donald Trump is scheduled to deliver remarks to the United Nations General Assembly (USGA) at approximately 9:55am ET.  There are multiple livestream options below to watch the speech.

UPDATE: Video Added

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President Donald Trump’s Tuesday schedule in New York at the U.N. General Assembly:

NEW YORK CITY:

9:55 AM: President Trump delivers remarks to the United Nations General Assembly

10:40 AM: President Trump participates in a trilateral signing with the Prime Ministers of Denmark and Greenland

11:45 AM: President Trump holds a bilateral meeting with the Prime Minister of the United Kingdom of Great Britain

12:30 PM: President Trump holds a bilateral meeting with the Prime Minister of Japan

12:45 PM: The First Lady delivers remarks on expanding Fostering the Future Together

1:15 PM: President Trump holds a bilateral meeting with the President of Ukraine

2:15 PM: President Trump participates in a Shield of the Americas event

2:45 PM: President Trump holds a multilateral meeting with the Gulf Cooperation Council

7:15 PM: President Trump participates in an UNGA leaders’ reception

7:40 PM: President Trump holds a pull-aside meeting with the Acting President of Venezuela

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There’s no doubt that Mayor Mamdani is an awful socialist. This is accurate. Nothing in this press conference changes that today. Mamdani is still the same guy, but today he sat across from an American president who will not let New York fall apart on his watch.

The Make America Great mission does not care about feelings, it’s about results. Washington DC hates him, yet President Trump has restored the parks and monuments, for everyone in Washington DC. The same applies here. President Trump walked into Gracie Mansion because he refuses to facilitate incompetence. President Trump is watching Mamdani, and the New York Mayor knows Trump is watching.

This video is really something because despite the media trying to help, Mamdani gets smaller and smaller the longer the press conference goes on.  Worth WATCHING:

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