Granholm to Europe: Tough Luck

America’s allies in Europe are desperate for alternative fuel sources amid the Ukraine war, and US producers are happy to provide what they can. So wouldn’t you know that the Biden administration now wants to limit fuel exports?

That is the message from the Secretary of Energy Jennifer Granholm sent a letter last week calling on seven major refiners to limit fuel exports. We received a copy of the letter, which the administration did not publish. Ms Granholm warns that east coast petrol stocks are at a nearly decade low and diesel stocks across the region are nearly 50% below the five year average. Granholm to Europe: Tough Luck

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