larry johnson isn't as impressed by the trump diesel phone call with the putin as the orange man is;

 

 On Friday night Donald Trump announced that, after a call with Vladimir Putin, Russia would ship diesel to the United States and world markets. Treasury followed with a temporary general license lifting sanctions on Russian diesel until April 2027. The President promised that diesel prices would fall “in record numbers” and “fast.” With the midterms three weeks away and diesel at $6.23 a gallon, up from about $3.67 a year ago and just off the record $6.52 set on September 22, I understand the political appeal. But when I put the numbers next to the size of the shortage, the deal is a rounding error.

What was announced
According to Trump’s own post, Russia will supply more than 300,000 tons of diesel “immediately,” 500,000 tons in November, 1 million tons “immediately thereafter,” and a further 3 million tons “within a short period of time.” Converting at roughly 7.45 barrels per tonne, that comes to:.......more..........