Uncle Sam Eats Humble Pie!

Through a landmark agreement, America once again had to eat humble pie, which appears to have become the new normal for Washington.

This time it is over a humble, yet critically important hydrocarbon resource—diesel.

In a landmark supply agreement, the American administration has argued that Russia will be supplying the US and other countries with over 300,000 tonnes of diesel, another 500,000 tonnes in November, and one million tonnes immediately thereafter. Over and above that, Russia will be supplying another three million tonnes of diesel within a short span of time.

The rationale Uncle Sam provided was to not only relieve pressure from the global oil markets but to also bring about a semblance of calm as far as Washington’s frayed relations with Moscow are concerned. But when read between the lines, it becomes discernible that America’s real concerns lie elsewhere.

For Americans, diesel is highly important. It is not only used in cars, but also in long-haul trucks, construction........

© New Eastern Outlook