Today seems the last day to get any spaghetti on the wall re: alternatives to some sort of diesel export ban.
Latest idea making the rounds: tell states to expand distribution of "dyed," tax-exempt diesel used for off-road vehicles.
w/ @meredithlleepolitico.com/news/2026/09/25…
Scoop: Trump officials are weighing alternatives to imposing a ban on diesel exports to bring prices for the fuel down from record highs — including passing the issue down to the state level
Among the evolving set of options under consideration by Trump officials are measures to boost distribution of “dyed diesel,” a red-colored diesel used in agriculture and for other off-road vehicles that is exempt from state and federal taxes.
The White House would also encourage more states to temporarily eliminate their state-level excise taxes on diesel ahead of the midterms. Some GOP guvs have already done so.
No decisions have been made. But internal talks are ongoing and idea is for a diesel plan announcement by early next week.
W/ @bjlefebvrepoliti.co/4yYWsC4 via @politico
Wright in Penn. says he's telling refiners re: diesel:
"Reduce a little bit your exports overseas...Put some more diesel into the United States. Let's grow our diesel inventories. Let's push prices down."
From an oil executive who heard Wright's pitch:
News that the administration was working on a plan for a ban caused “lots of pushback from industry, opened the door for some watered-down version of a ban...But Wright’s ‘voluntary’ export ban/limitation has no details.”
New w/ @rachel_shin_:
President Donald Trump is facing growing calls from his Republican allies in farm states to restrict exports of diesel as prices soar — a move staunchly opposed by the U.S. oil and gas producers who have traditionally backed him.
Not saying the Axios report re: Venezuela isn't true, but keep in mind:
1) The US taking ownership stakes doesn't mean anyone would be drilling it anytime soon,
2) The 90 million b/d estimate is...a tad...optimistic, shall we say...
3) Any such deal would presumably come with a State Dept. travel warning to Americans not to head to Caracas for the foreseeable future,
4) The fields in question as per the article might have issues with previous owners contesting the deal.
NEW: A White House official spent months helping Sable Offshore restart its CA oil operation — even posing in Sable-branded gear.
Less than 3 months later, she left the WH to lead Sable’s DC office.
w/ @ianmaxstevenson@scottpwaldman for @politicopolitico.com/news/2026/08/21…
Update: Hunt Oil Company confirms it signed an agreement with PDVSA in Houston today.
Hunt is "proud to be one of the first American companies to sign an agreement with PDVSA to help expand Venezuela’s oil and gas production," it says.
Other companies have yet to confirm.
Update: Hunt Oil Company confirms it signed an agreement with PDVSA in Houston today.
Hunt is "proud to be one of the first American companies to sign an agreement with PDVSA to help expand Venezuela’s oil and gas production," it says.
Other companies have yet to confirm.
SCOOP: Several independent U.S. oil producers are expected to sign production contracts with Venezuela’s state-run PdVSA on Tuesday.
A signing ceremony is set for tonight in Houston, according to 3 people familiar with the plans.
w/ @bjlefebvre
SCOOP: Several independent U.S. oil producers are expected to sign production contracts with Venezuela’s state-run PdVSA on Tuesday.
A signing ceremony is set for tonight in Houston, according to 3 people familiar with the plans.
w/ @bjlefebvre
Tangent to *all this* going on in Iran: Oil companies are giving Veneuzlea another look as the Middle East looks to be uh preoccupied for a while. W/ @jamepdx James Bikales:
politico.com/news/2026/06/15…
Amid some of the little scooplets James and I unearthed: Venezuela is allowing companies to call "dibs" on oil fields if they sign an MOU. That's pressuring folks to sign up if they don't want to be left with the scraps.