Republicans Blame "Big Oil" and "Price Gouging" for High Diesel Prices || 1826

Republicans are looking for a quick answer to soaring diesel prices, and one idea gaining support is a ban on U.S. diesel exports. Nate and Charlie break down why that seemingly simple fix could create a much bigger economic mess.

They dig into diesel markets, refinery capacity, global supply, the Jones Act, price gouging claims, and the unintended consequences that can follow when politicians try to override market prices.

The episode also looks back at Nixon's 1973 soybean embargo and the long-term lesson Nate argues it offers for anyone who thinks export restrictions come without consequences. Then the conversation turns to war, energy prices, Washington incentives, and why politicians so often end up proposing solutions to problems government helped create.

Later, Nate and Charlie preview a ProPublica investigation involving Susan Collins, military contractors, campaign contributions, and an FBI anti-corruption investigation, while noting the allegations and denials discussed in the reporting.

Subscribe or follow Good Morning Liberty, leave a rating or review, and share the show with someone who enjoys economics, liberty, markets, and questioning government power. Comment with your take: would banning diesel exports actually help consumers, or just move the cost somewhere else?

Chapters 00:00 Welcome to Good Morning Liberty

02:00 Republicans Target Diesel Prices

04:00 The Push to Ban U.S. Diesel Exports

06:00 Trump Backs the Diesel Export Idea

08:45 Why America Imports and Exports Diesel

12:20 War, Supply, and the Price Gouging Argument

22:00 The 1973 Soybean Embargo Lesson