Thread regarding ExxonMobil Corp. layoffs

The USA supposedly has 25 day supply of diesel.

All refineries are making diesel today.

Tomorrow will have at least 25 days of diesel.

No problem if maintaining the 25 day cushion.

BUT if some greedy New York traders see an opportunity to profit by selling the 25 day cushion of diesel to Europe, then the USA will be in trouble.

Prove me wrong.

It seems the diesel market had reduced stockpiles due to Europe’s growing need as they ween off of Russian diesel.

Now those Northeasterners crank up their heater powered by “home heating oil” which is their politically correct name for diesel.

They do not want to admit they have diesel heated homes.

If those Yankees just used natural gas and propane to heat their homes, the earth would be better off, and truck/trains would not be in danger of running out of fuel.

"As a publicly traded company, selling to high demand markets at higher prices is the logical legal choice.
Selling into a lower priced market with no justification other than “feels like right thing for a company to do” would lead to shareholder lawsuits."

This reply was way off the mark. OP didn't suggest selling into low priced markets as an option. Settling with their striking employees is a great option. Relieves pressure on EU supply and it's the right thing to do for the working employees that actually make the product.

With all the wealth and income skewing to the elite 1-3%, all workers need to claw back a bigger share of the profits. Look it up. Find where you fall on the curve for your country. All the disposable money is in the very top few percent of the population. It's an outrage.

As a publicly traded company, selling to high demand markets at higher prices is the logical legal choice.
Selling into a lower priced market with no justification other than “feels like right thing for a company to do” would lead to shareholder lawsuits.

Oh OP….

The US doesn’t have the pipeline facilities to stop exports. If Biden stopped exports, the refineries in the USGC would get bottled-in and either reduce rates or shutdown.

What Biden (or any President…) could do is waive Jones Act, so that normally priced ships could take diesel from USGC to other parts of the US at a competitive rate. Jones Act forces US-US ship deliveries to only use American ships. Sounds good, right? Well, not really. It means ship rates are too expensive to keep US diesel in the US. Plus, shipping rates are quite high right now. All ship owners should be making money right now without implementing a ‘Made-in-the-US’ price hurdle.

I believe it. They play their cards well