It’s not going to make any difference, even if Russia was sending enough diesel to get America through the next two years. That’s just not how commodity pricing works.
If Russia weren’t sending this diesel to the US it would be sending it to China or India. Because it’s going to the US they will have to buy the equivalent amount from the global market so demand and by extension price remains the same. This isn’t “new” diesel being added to the market, it’s just being redirected.
The only effect this has is that Russia can sell at global market price rather than having to take a discount to make it worth the buyer breaking US sanctions. It literally only helps Russia, America gets 0 benefit from this.
It’s not going to make any difference, even if Russia was sending enough diesel to get America through the next two years. That’s just not how commodity pricing works.
If Russia weren’t sending this diesel to the US it would be sending it to China or India. Because it’s going to the US they will have to buy the equivalent amount from the global market so demand and by extension price remains the same. This isn’t “new” diesel being added to the market, it’s just being redirected.
The only effect this has is that Russia can sell at global market price rather than having to take a discount to make it worth the buyer breaking US sanctions. It literally only helps Russia, America gets 0 benefit from this.