MacroVoices · Friday, September 25, 2026
Michael Every suggests that a potential 90-day ban on U.S. diesel exports, if implemented, could lead to market chaos and serve as a tool for economic coercion. He posits that such a move, while intended to solve domestic issues, could backfire by increasing crude oil prices and creating international shortages, potentially used by the administration to exact concessions from other nations.
“If you suddenly stop the US exporting diesel, it doesn't just solve one problem. It creates lots of other problems in equal measure. And the blowback can be more expensive crude, which of course then ends up with more expensive fuel prices anyway.”
“It wouldn't surprise me at all if once it goes in, you get complete chaos and, you know, market meltdown in different locations. And then you see the thing refined.”
“Because if you have something that is vitally important to others, and they're not doing what you want them to do, economic coercion is a tool. It's as old as time.”