source:
https://fxtwitter.com/HormuzLetter/status/210429067586903247…
BREAKING: Australia could face diesel rationing within weeks and prices above A$4 a litre, nearly 40% above today, if the US goes ahead with its export ban, the most worrying development in global fuel markets since the war began, per MST Marquee's head of energy research.
Australia is the world's largest importer of diesel in absolute terms, accounting for 1% of global fuel demand but 10% of the world's seaborne diesel imports, and it runs an economy weighted to agriculture and mining. A ban could force the government to stage 3 and 4 of its National Fuel Security Plan, which covers demand reduction and directed allocation of supply.
The US exports about 1.3 million barrels of diesel a day, a quarter of its refining output, and has been covering the gap left as Russia and China stopped exporting refined fuels.
The UK is now preparing rationing plans of its own, with 42 days of diesel left as of July 2026.
It's the big transition.
Big players like BYD will likely be releasing long-range electric SUVs and Utes in the near future.
Battery technology is also advancing rapidly, and we’re likely to see new batteries with substantially better range, charging speeds and efficiency over the next few years.
Everyone will suddenly realize how ridiculous it is to be over-reliant on archaic combustion technology and fossil fuels, where the typical Australian vehicle (an enormous diesel-powered Ford Ranger) needs to be filled up every few days with $400 worth of cancer-causing liquid shipped all the way from Iran.
Of course, a few clueless bogans will hang on, claiming that EVs are unsafe, polluting, and a "left-wing scam", just like climate change is "left-wing scam".
Within 10 years, Australian streets will be much quieter than they are today, and you'll be able to walk along a busy street without inhaling a lungful of nitrogen oxides, carbon monoxide, volatile organic compounds, ultrafine combustion particles, soot/black carbon, and various partially burned hydrocarbons.
People living on busy streets, corners and near intersections will no longer have to endure the constant, deafening roar of ICE vehicles accelerating from a standstill or up a steep hill.