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Europe's Diesel Shortage Is A Problem Created By Political Design
Europe's Diesel Shortage Is A Problem Created By Political Design
Authored by Daniel Lacalle via dlacalle.com,
The diesel agreement between Donald Trump and Vladimir Putin will not solve the diesel shortage, considering the magnitude of the problem created by years of misguided, wrongly called "environmental policies." Complaining about diesel prices and the US-Russia deal while eliminating domestic refining capacity and bombing refineries is just another example of bureaucratic hypocrisy.
Renewables are important, but they cannot substitute diesel, just as they have been unable to offset the importance of natural gas. Diesel is...
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