Louisiana Governor Calls for 90-Day Moratorium on U.S. Diesel Exports
- Reports
- 3
- Developments
- 2
- Repetition
- 33%
New informationRepeats or wire copies
What happened
Governor Jeff Landry has called for a 90-day moratorium on all U.S. diesel exports to Europe. Landry stated that this ban would create a domestic supply of diesel, leading to price decreases. He argued that a large volume of U.S. diesel is currently being sent to Europe due to the war in Ukraine and issues in Iran.
Why it matters
The proposal was made to the White House and Congress. While Landry outlined ways Louisiana has supported the industry, including a 50% severance tax reduction on new drills, industry leaders have countered that domestic pipelines are already operating at maximum capacity. They warn that halting exports could reduce overall refinery production.
Who's involved
- Jeff LandryAdvocates for the proposal to the White House and Congress
- LouisianaSubject of the proposed export ban and domestic policy changes
- EuropeGeopolitical destination of U.S. diesel exports
- White HouseTarget of the request for the 90-day moratorium
- CongressTarget of the request for the 90-day moratorium
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
How it developed
Newest first. Tap a step to see who reported it.Louisiana is directing diesel exports to Europe, influenced by the war in Ukraine.1 source
Landry is asking the White House and Congress for an export ban on diesel shipments to Europe.1 source
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The entities involved
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Louisiana
state of the United States of America
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Europe
terrestrial continent located in north-western Eurasia
Related events
- Global energy supply chains are disrupted by conflicts, leading to calls for G7 meetings and coordinated oil reserve releases for Europe.
- Europe is grappling with the consequences of the Ukraine invasion, specifically regarding gas reliance and global energy security.
- Food manufacturers in Europe and the Middle East are facing rising production costs due to conflict, drought, and diesel price increases.
- The European Commission is managing the bloc's energy transition planning amidst the global energy crisis caused by the Iran war and the Ukraine invasion.
- Supply chain issues, including pipeline damage and state-owned company management, are impacting the island economy of Sri Lanka, which supplies oil to energy-hungry markets.