From§Each

Page F2From§Eachthe milkman edition — 3 October 2026

Trump says Russia, Ukraine agreed to spare energy sites; weeks later G7 drains 100 million barrels anyway

“Big economies to release 100M barrels of fuel”, 2 October 2026 (Photo via The Hill — the original report)

As it ran on the front

Today we are making a reserve release, which is what a government reaches for once it has stopped waiting for the price to fall on its own. On the second of October the Group of Seven, with Canada, France, Germany, Italy, Japan and others named among its members, agreed to put 100 million barrels of fuel, including diesel, onto the market from their own stockpiles, as prices skyrocketed these past weeks.

You will need a Treasury Secretary prepared to name a cause: on Wednesday the second of September, from a G20 finance ministers' meeting in Asheville, North Carolina, Scott Bessent told reporters the Russia-Ukraine war, and the war with Iran, had produced what he called an energy shock. You will need a president prepared to announce the problem solved: on the fourteenth of September he posted, "Ukraine has agreed not to hit Russian Energy targets. Russia has agreed to do likewise!" And you will need, from Senate Democrats, a report dated the twenty-fourth of September, naming a billion dollars raised from the fossil fuel industry for the 2024 campaign, and the policy returned on it since.…

The Fixer A campaign. Now that's a word I understand — give me a campaign fund and a flag, and I will have the boiler fixed by Thursday.

Now comes the part the house will be looking for: a vote, a resignation, a market correction, something that actually lowers the price. There is no such part; the hundred million barrels are what blame is instead of.

The Punk A flag won't fix the boiler. I could have it in pieces by Thursday without any fund at all, and call that the market correction.

Across the water, the Irish broadcaster RTÉ asked, in its own headline, "How is the EU dealing with energy price shocks?", and set out the choices open to governments trying to ease the pressure on households. One of those choices the EU had already taken, in December of 2022, when its member states agreed a gas price cap to limit exactly this kind of spike.

The Hippie Pieces by Thursday. That's just the boiler finishing what the damp started, and nobody's capped the pressure on this house either.

Here is the dish turned over and looked at underneath: the Treasury Secretary named the strikes; he did not name the cap his own allies had already written, in 2022, for this exact shock.

The Fixer Say what you like about the damp, nobody's named a cap on the rent in this house, and I would sell the formula if anyone here could write it down.

It serves the households still paying the pump price either way; the barrels buy time, not a lower cause. The bill goes to whoever fills the tank next.

The Poet Sell the formula if you like; I have been filling the immersion tank out of my own pocket since the meter went, and nobody has called that a crisis.

“They say it's Ukraine's fault your fuel bill is climbing, but the same month we learn the fossil fuel industry put up a billion dollars for the 2024 campaign and got policy returned on it. Now the G7's draining a hundred million barrels from the emergency reserve like this snuck up on anybody. You pay at the pump for the war, and you paid again for whoever bought the policy.”
Sal
“Look, the Treasury Secretary is just stating a fact: Ukraine hit Russian energy sites, prices moved, that's supply and demand — nothing to do with who put up a billion dollars for the campaign. And the G7 releasing a hundred million barrels together, that's leadership, that's coordination, that's — did I say leadership? That's not an admission the truce didn't hold, is what that's not.”
Chip

Earlier in this story

The receipts

Big economies to release 100M barrels of fuel
The Hillmainstream§

{beacon} Energy & Environment Energy & Environment The Big Story Big economies to release 100M barrels of fuel Major economies will release fuel, including diesel, from their stockpiles as prices have skyrocketed in recent weeks. © George Walker IV, Associated Press The Group of Seven (G7), which includes Canada, France, Germany, Italy…

How is the EU dealing with energy price shocks?
RTÉmainstream§

RTÉ's Europe Editor Tony Connelly assesses how the EU is dealing with the energy price shock and what choices governments face in trying to alleviate the pressure on households.

· 'The Billion Dollar Deal': Senate Democrats Detail How Trump Serves Fossil Fuel Industry from the morgue, 24 Sep 2026

· Trump says Russia, Ukraine agree to avoid energy targets as fuel prices rise from the morgue, 14 Sep 2026

· Bessent blames Ukraine strikes on Russia for global energy market instability from the morgue, 2 Sep 2026

This page is a back-issue: the story as it ran, receipts as they were. The current edition is at the front. The byline is a pen name for a column drafted by a machine and checked by the editor: how this is made.