Speaking of diesel
“Russia has introduced a temporary ban on exports of gasoline and diesel to all countries except four ex-Soviet states in order to stabilize the domestic market, the government said Thursday.”
“In recent months Russia has suffered shortages of gasoline and diesel. Wholesale fuel prices have spiked, although retail prices are capped to try to curb them in line with official inflation.”
https://www.cnn.com/2023/09/21/energy/russia-fuel-export-curbs/index.html
There is no reason( well smoking accidents do seem to have increased) for there to be any shortages as Russia has a huge refining capacity, but here again is the humor of this announcements
Most of the refined products went to Europe, and China and India don’t want it. Too expensive(much higher profit on refined va crude), more expensive to ship… and China and India have large refining capacity, so they buy cheap Russian oil, refine it and sell for profit
The idea that Russia is capping their exports to help internal market truly is laughable, but why should this bit of “news “ be any different than the rest that comes out of them
Master economist master strategist
VERY local issue here, but needed: “FTC sues Texas anesthesiology provider to bust monopoly”
https://www.cnbc.com/2023/09/21/ftc-sues-texas-anesthesiology-provider-to-bust-monopoly.html
Can now say I support 3 Biden policies
1. Ukraine Support
2. ‘De-risking’ policy against China (continuation of Trump policies basically)
3. Breaking up U.S. Anesthesia Partners