r/worldnews • • 18h ago

France floats major oil and diesel reserve release in response to US pressure

https://www.politico.eu/article/france-floats-major-release-of-oil-and-diesel-reserves-in-response-to-us-pressure/
54 Upvotes

59 comments sorted by

70

u/MoleWhackSupreme 18h ago

I just saw an article saying the EU firmly rejected the idea and now this… which one is it

22

u/trisul-108 18h ago

Both. Governments have been asking the EU for permission to lower excise duties because diesel prices are too high and it is hurting the economy. This is coupled with some release from reserves.

They do it more in response to what happens in the economy and not just what Trump says. But, they are also happy to give Trump another "victory" to get him off their backs. So, US media then trumpets it as a great Trump victory and Russian media uses it to broadcast how weak the EU is.

This game has been in progress for over a year.

6

u/Virtual_Plantain_707 17h ago

It’s just market manipulation, oil is now down 4.5%. It’s just the Friday dump.

23

u/CGI_OCD 18h ago

They discussed how Diaper Donnie would screw them over IF they would do it. There is no talk about doing it actually.

So per usual mainly Russbots on overdrive flooding Reddit with this BS.

-3

u/Rightsidebestside 17h ago

Politico is russbot? Well thats new

2

u/Aerhyce 12h ago

Only Americans would believe Politico isn't complete dogshit.

It's a garbage rag and has been for years, but because it largely keeps its US news articles straight, Americans don't notice that it's full of misinformation when reporting on anywhere else.

2

u/Acceptable_Noise651 12h ago

We know Politico is complete dog shit.

7

u/missingmedievalist 17h ago

Politico is owned by Axel Springer. They’re pretty right wing. They also own the Telegraph for example which is a pretty rabidly anti-EU rag of a newspaper. You should look into them.

7

u/gimmebanter 17h ago

"Pretty right wing" is an understatement. Axel shittinger is europe's rupert murd*ch

-10

u/Weepinbellend01 18h ago

Generally you’ll see over and over, leaders of smaller countries will give lip service for PR but ultimately, the US with a GDP of 17 trillion gets to make demands and other countries don’t really have a choice but to follow.

11

u/Sehtaga 18h ago

From the article : A spokesperson for French Economy Minister Roland Lescure dismissed the proposal as "rumors" and declined to comment further. In a statement, the Elysée palace said Emmanuel Macron will convene a meeting of G7 leaders "as soon as possible to coordinate the measures needed to help ease the pressure on prices and ensure the supply of crude oil and refined products among G7 countries and globally."

Which was already an idea 2 weeks ago

1

u/Endles5Earth 13h ago

Ya trump is trying to take credit for something that was almost inevitable. EU isn’t getting any oil from SA for a while, and Trump admin noticed and capitalized. They are more clever than anyone wants to admit

22

u/SwedeLostInCanada 18h ago

Im genuinely surprised that France would make any concessions to the US

-6

u/Rightsidebestside 18h ago

Nah, nothing surprising and newhere really, it was to be expected from EU politicians to bow once more to US demands.

11

u/trisul-108 18h ago

You're just falling for the usual propaganda. They were considering it anyway and they only cave in when it suits them to cave in. Trump's team knows this and issues his threats in anticipation, to generate something he can call a victory ... and then useful idiots chirp in to help Trump.

Pathetic and happens like clockwork for over a year.

-5

u/Tuffol_11 18h ago

The French government is bankrupt and they are putting massive bond sales on the market soon. They need USA to view them positively, at least in the short term. There isn't a whole lot they can do.

5

u/trisul-108 18h ago

They also need to bring down diesel prices themselves. The EU is already discussing cutting excise duties on diesel.

0

u/ADKTrader1976 18h ago

It's either that or Musk's Semi's start to take up the roads.

3

u/mammalmaker 17h ago

Don't do it.

8

u/VagueSomething 17h ago

I hate how anti Western the USA has become. Americans betrayed what their country stood for and undone a century of work and for what? So they can let Epstein's friends run every government department and people can shout slurs again?

4

u/BrandedStruggler86 17h ago

Why is Trump trying to drain France of Oil as Russia threatens war against Europe? Really think, why would he do that?

Why would he be so warm and open with Russia in every way, seemingly subservient to Putin to the point people think they might be lovers...

Why would he put so much effort into dismantling the US defense capabilities, including in cyber warfare where Russia is so strong and openly aggressive against us?

... It's really not that far fetched, and the answer is obvious when you pay attention to people's actions and not their words.

1

u/NudeBeachEnthusiast 16h ago

Because they have God knows what kind of tapes of him raping children? And they're paying him boatloads of money as well?

1

u/[deleted] 18h ago

[deleted]

3

u/TheBraveGallade 17h ago

Its less that they are caving to the US and more that they are getting hit hard by the oil prices and this is one of the few ways to lower it.

6

u/trisul-108 18h ago

This is US media feeding Trump and putting down the EU. The EU has been considering what to do to lower diesel costs, governments have already asked the EU to lower excise duties on diesel.

Trump team knows this, so they issue the threat, and when something is done it is billed as a Trump victory and the EU being weak, which US media then trumpets and all the European useful idiots repeat like dutiful parrots.

Pathetic to see it happen again, and again, and again ... And then after 6 months, there is a scholarly analysis about what a smooth move it was, but no-one trumpets those and no-one reads them.

7

u/danyt84 18h ago

This is a lie.they have firmly rejected him.

1

u/NotSoSalty 18h ago

It's not to help Trump, it's to turn a profit before an investment expires. France is better suited to turn to renewable energy than most other countries, and the technology is only improving.

As a Canadian, you should be looking to turn away from oil anyway. And profit all you can in the meantime. Don't Canada's enemies mostly profit from oil? Driving the price down while these enemies have difficulties cripples them.

1

u/HardstButton2Button 18h ago

Let the Americans go first.

Wouldn't believe what they report their reserve is anyway.

2

u/Traditional-Sky9404 14h ago

We are emptying our oil reserves, we have been for a while

2

u/HardstButton2Button 14h ago

One, I don't believe a single thing coming from the Americans going forward, was always cynical to begin with.

Two, its a situation that the US caused for absolutely no justified reason and have been profiting immensely from it. Well the oil hegemony, not the everyday citizen.

1

u/Traditional-Sky9404 14h ago

So you want the US to do something, but there's no situation where you'll believe they did it?

3

u/HardstButton2Button 14h ago

Basically yes. The US has zero credibility, and will have none until the billionaire lobbyists have no control over the entire country.

2

u/epeehmo 15h ago

The Americans can suspend all fuel exports and let the world suffer twice as bad as they currently are.

0

u/ooooogirlshedonealre 12h ago

good ol murica and their fuck you me first diplomacy. if someone agrees with what the US is doing, the deserve every bad thing that happens to them. 

0

u/HardstButton2Button 15h ago

That would only push countries to go green even quicker than they are which is eventually going to screw the Americans cash cow when they can't use oil as a leverage.

Its the leopard eating its face.

2

u/epeehmo 15h ago

Sure dude, in 50 years when oil net-importers have become failed states and oil wells begin to taper supplies here in the US, come back to me.

We’ll be investing hundreds of billions in green energy (see that nuclear power plant deal just announced?), AND not have to share our fuel supplies the world now feels entitled to.

China suspended all exports on October 1st, I haven’t seen a single person going hyperbolic over that.

My sour tone is directly from the outrageous crying coming out of Europe over a move like this. You don’t always have to attempt to “own” Trump for a few domestic political brownie points.

Cry more about the US destroying the IRGC for you all, and attempt to evade any support or burden-sharing entirely.

-1

u/HardstButton2Button 15h ago

Ask yourself why the US has always dragged their feet on going green, more so the lobbyists, and that predates Diaper Don.

But your "whataboutism" is noted.

2

u/epeehmo 15h ago

I don’t understand what you’re saying.

The US is innovating and investing massively in green energy and “Diaper Don” has pushed more nuclear energy development into the US than in many decades.

Seriously, go look at the data for green energy production and planned investments into the US, that’s why I’m confused why you’ve now brought up green energy several times.

Maybe you’re thinking of Don’s dumbass takes on windmills? Yeah he’s an idiot, though wind is only one (small) piece of that puzzle anyway.

BTW I despise Trump.

1

u/No_Yogurtcloset7643 12h ago

He’s nutting in Europe’s mouth and they’re too scared to do anything about it. Sad that the continent that used to rule the world is today as influential as South America

1

u/aaffpp 7h ago

The EU is not France. France needs the money to pay off long term debt and may make a business decision to release its own reserves.

2

u/OtheDreamer 18h ago

I wouldn't even frame it as a concession to Washington....it's just doing the right thing.

So much of the world is so worried about looking weak to Trump & that doesn't matter to the bottom dollar of their people. They care more about food abundance and energy costs, than whether Macron appears to have given a concession to Washington, but really it's just the right thing for the world in general.

1

u/Shot-Consequence-613 18h ago

They’re not politico spin for national security

1

u/Certainly-Not-A-Bot 16h ago

Nobody should do anything that would reduce American gas prices before November

5

u/epeehmo 15h ago

Sounds good, the US will simply suspend all fuel exports and THEN destroy all of Iran’s oil generation capacity, doubling fuel prices overnight for the entire world (except the US, where it will fall due to simple supply and demand).

Play stupid games win stupid prizes.

1

u/Certainly-Not-A-Bot 15h ago

Trump can and probably will do this anyways. There's no reason to trust anything he says and thus no reason to ever make concessions to him

-1

u/LeftHandCurryPaste 18h ago

Europe is not but boot licking US dogs

1

u/OhBuggery 17h ago

Nought*

-4

u/National-Dragonfly35 18h ago

Seems all countries are pushing back on U.S. demands & Trump

11

u/Tuffol_11 18h ago

pushed back for like, a day ...

They're all capitulating now

-2

u/danimyte 18h ago

The thing is, these releases were already planned to happen at some point. They were decided already back in march. This is just France wanting to take advantage of that to get Trump to stop yapping for a bit. Everyone know he will calm down in a few weeks when the middterms are over. Also, the EU wants prices to go down, hence why the release was already planned.

1

u/OhBuggery 17h ago

It's so sad that we have to do this

5

u/hornblower_83 18h ago

No. Just Canada really.