No Short-Term Fix to Diesel as Trucking Companies File Bankruptcy – Cleric Demands US Reparations in Iraq
Today's Digest covers Russia's diesel ban, Hormuz attacks and bypass plans, trucking bankruptcies, Korea's gold buy, Iraq's U.S. exit, AI in banking and medicine, the insider-trading bill, and midterm interference.
Source: Peak Prosperity
―
DW NOTE
Russia has banned diesel exports through October citing harvest demand — but the harvest ends in weeks and the ban addresses none of the structural refining losses Gail Tverberg identifies. The world built its distillate supply on heavy sour crude; shale gives you gasoline. You cannot fix a refining deficit with diplomatic pressure on France.