What a clown show over there. These in the space of 10 minutes this afternoon
WHITE HOUSE ECONOMIC ADVISER DEESE SAYS SHIPPING COSTS HAVE COME DOWN ABOUT 25 PCT IN THE PAST FEW WEEKS
WHITE HOUSE ECONOMIC ADVISER DEESE SAYS WILL NOT PREDICT WHETHER PRICE RISES WILL LAST THROUGH NEXT YEAR
WHITE HOUSE ECONOMIC ADVISER DEESE SAYS BIDEN HAS MADE CLEAR ALL OPTIONS SHOULD BE ON TABLE TO ADDRESS CHALLENGES IN ENERGY MARKET
U.S. OIL EXPORT BAN IS NOT ON TABLE AND NOT UNDER ACTIVE CONSIDERATION AT THIS TIME -PERSON FAMILIAR WITH BIDEN ADMINISTRATION’S THINKING
The shipping costs in question are a very specific route (from China to West Coast, off the highs), while most other routes remain elevated, and in any event that’s well over a month too late to impact any pricing this year and is a seasonal decline to be expected.