According to reports, the oil and gas industry lobbied “heavy weapons” after hearing the news that US President Trump is planning to introduce a ban on diesel exports. Shortly after Trump made the proposal on Tuesday, American Petroleum Institute CEO Mike Summers issued a statement condemning the move. As the industry's leading lobbying group, he said that restricting US exports “will only make” the problem of rising diesel costs “worse.” The API also issued a special press release explaining the dangers of imposing an export ban. The organization said, “Restricting US diesel exports will cause serious damage to domestic and foreign fuel markets, disrupt refinery operations, and exacerbate a global refining crisis that is already putting upward pressure on US prices.” Around the same time, a loose coalition of CEOs linked to API and the American Fuel and Petrochemical Manufacturers Association also acted quickly. Chevron CEO Mike Worth, Phillips 66 CEO Mark Rahill, and other executives have begun calling their contacts within the government to boycott the ban, according to sources familiar with the matter. These executives have varied relationships with different members of the government, and they have all clearly expressed their dissatisfaction. According to people familiar with the matter, ExxonMobil and Valero are also involved in this boycott. Additionally, the industry has received support from Texas Senator Ted Cruz and Louisiana Republicans.

Zhitongcaijing · 1d ago
According to reports, the oil and gas industry lobbied “heavy weapons” after hearing the news that US President Trump is planning to introduce a ban on diesel exports. Shortly after Trump made the proposal on Tuesday, American Petroleum Institute CEO Mike Summers issued a statement condemning the move. As the industry's leading lobbying group, he said that restricting US exports “will only make” the problem of rising diesel costs “worse.” The API also issued a special press release explaining the dangers of imposing an export ban. The organization said, “Restricting US diesel exports will cause serious damage to domestic and foreign fuel markets, disrupt refinery operations, and exacerbate a global refining crisis that is already putting upward pressure on US prices.” Around the same time, a loose coalition of CEOs linked to API and the American Fuel and Petrochemical Manufacturers Association also acted quickly. Chevron CEO Mike Worth, Phillips 66 CEO Mark Rahill, and other executives have begun calling their contacts within the government to boycott the ban, according to sources familiar with the matter. These executives have varied relationships with different members of the government, and they have all clearly expressed their dissatisfaction. According to people familiar with the matter, ExxonMobil and Valero are also involved in this boycott. Additionally, the industry has received support from Texas Senator Ted Cruz and Louisiana Republicans.