White House denies report saying it's considering a diesel export ban

The useful part

Just yesterday, Trump himself said be called for it and Treasury Secretary Scott Bessent confirmed the administration is examining whether a full or partial ban is feasible. We make a lot of diesel, and it could have a little bit of an effect on regular automobile gasoline because when you do that, you know it's a sort of a flow, it's a balance. Now the White House is calling a report in Politico that says the White House is preparing a 90-day diesel export ban 'fake news'.

How it works

• The report cited 5 people familiar btu said the legal process was being worked out.
• Perhaps the thinking here is that they don't want people front-running a ban, but Trump already tipped his hand so none of this makes any sense.
• If the US does ban diesel exports, it would be a dire move that would permanently break the US reputation as a reliable supplier of commodities and commodity products.
• Energy Sec Wright says the US is looking at "simpler, voluntary, cooperative fashion, without using blunt instruments that would reduce refining throughput." So a 'voluntary ban'?

Details worth keeping

I've called for it within my people," Trump said. This article was written by Adam Button at investinglive.com.