In response to reports that Trump is preparing a ban on diesel exports

In response to reports that the Trump administration is preparing a 90-day ban on diesel exports, Lorne Stockman, Research Director at Oil Change International, said:

“The proposed diesel export ban is a short-sighted “America First” response to a global crisis his reckless war helped create. The US exports about 5% of global diesel and a ban risks turning a severe shortage into a global economic disaster. It could send international prices soaring, drive up the cost of food, fertilizer, and essential goods, deepen hunger, and push already-struggling economies toward recession. At the same time, it would likely do nothing for people in the U.S., as refineries would cut production and gasoline prices would rise even further. Congress should use its constitutional powers to stop Trump’s war, tax the oil industry’s soaring windfall profits, and support farmers and other hard-hit sectors, and accelerate renewable energy and electrification, not hoard fuel and force the rest of the world to pay the price.”