Article
Trump's Diesel Threat Worked: G7 Dumps 100 Million Barrels As Europe's Energy Dependence Laid Bare
Trump's Diesel Threat Worked: G7 Dumps 100 Million Barrels As Europe's Energy Dependence Laid Bare
Submitted by Thomas Kolbe
In the end, Donald Trump’s threat to prohibit diesel exports apparently proved credible after all.
Faced with rapidly rising prices at the pump and an emerging acute shortage of middle distillates, from diesel and heating oil to aviation kerosene, the G7 heads of government decided on Friday, under pressure from the US president, to release their own oil reserves.
For the EU, the perfect storm is brewing: a rising dollar price, the visible control...
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Authored by Andrew Korybko,
General Sir Gwyn Jenkins, head of the British Royal Navy, announced that his counterparts from the 10-nation Joint Expeditionary Taskforce comprised of the UK, Norway, Sweden, Denmark, Finland, Iceland, Estonia, Latvia, Lithuania and the Netherlands agreed to create “a family of allied fleets”. Officially known as the “Northern Navies Initiative” (NNI), it’s explicitly aimed at containing Russia in the Arctic and Baltic. This represents the evolution of the UK’s Arctic-Baltic policy that was elaborated...
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