More Republican senators are opposing Trump's Friday deal letting Russia temporarily export diesel to global markets. In a Tuesday letter, six Republican and six Democratic senators urged Trump to rescind the arrangement allowing Russia to supply 4.8 million metric tons, or nearly 36 million barrels, of diesel through mid-April. They argue the deal will barely lower fuel prices for Americans, that Kremlin revenue could fund its war, and that it contradicts a recently signed Russia sanctions law. Trump defended the decision on Truth Social, and the White House did not immediately respond to a request for comment. Zelenskyy criticized the deal, and Trump responded that Ukraine should get a new president.
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President Trump struck a deal for Russia to supply diesel immediately to the U.S. to lower prices, which the column says are $1,000 or more to fill a commercial tank in many areas. The author argues that U.S. sanctions on Russian diesel raised costs for groceries and other goods, and defends the deal as 'America First' despite criticism from Republicans including Sens. John Curtis and Thom Tillis and Rep. Don Bacon. The piece says diesel peaked at $6.528 per gallon a few weeks ago and remains 65% to 71% higher than a year ago. It also argues that the EU's reported $250 billion in energy payments to Russia should leave European countries, not Americans, to bear the costs of their stance, noting the U.S. has already sent hundreds of billions of dollars in aid to Ukraine.
- Trump's diesel deal with Russia equals less than two weeks of U.S. demand
Trump's diesel deal with Russia is unlikely to significantly lower fuel prices for truckers and farmers, as the volumes Moscow plans to export are very small relative to U.S. and global demand. Russia is set to supply 300,000 metric tons immediately, then 500,000 tons in November and 1 million tons after that, for a total of 4.8 million metric tons (35.76 million barrels), about 10 days of U.S. domestic demand. Goldman Sachs estimated the Russian diesel would cut wholesale prices by only $1 to $2 per barrel, and analyst Andy Lipow called the deal largely a verbal intervention. U.S. diesel averaged $6.28 a gallon, up 72% from a year earlier, as Ukrainian attacks on Russian refineries and Iranian and Houthi strikes on Middle East refineries tightened supply.
- Trump defends Russia diesel deal after bipartisan pushback: 'I made the right choice'
President Donald Trump defended his decision to temporarily ease restrictions on Russian diesel exports for the next six months, writing in a Truth Social post, 'I made the right choice for the American People.' He accused the media of ignoring the European Union's energy payments to Russia, claiming the EU paid Russia 250 billion dollars, a figure that roughly tracks some estimates of EU fossil fuel imports from Russia since 2022. The move drew bipartisan criticism: seven senators, including four Republicans, said the U.S. should not provide Putin with a financial lifeline, and Rep. Michael McCaul, R-Texas, said it could fund the Kremlin's war machine. Ukrainian President Volodymyr Zelenskyy said the easing 'plays into Russia's hands,' while some analysts say the policy will not make much of a dent in diesel prices.
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Pfizer (PFE) closed at $28.40 on October 12, returning almost 4% over six months versus 14% for the State Street SPDR S&P 500 ETF Trust and 21.25% for the Insider Monkey Billionaire Index, with a dividend yield near 6%. Trailing earnings of $0.77 per share produce a 226.32% payout ratio and a 36.73 trailing multiple, while a forward estimate of $2.90 gives a forward multiple of 9.76. The article says free cash flow is more than double net income and revenue grew last quarter, so the cash behind the dividend appears solid. However, net margin of 6.80% carries interest on $63.48 billion of debt, and the forward multiple only holds if earnings recover sharply, which the article suggests the 6% yield shows the market doubts. The article says net margin is the line to follow from here.
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