
Eric Smith
Associate Director of the Tulane Energy Institute and Professor of Practice at Tulane University's A.B. Freeman School of Business, a frequent media commentator on oil markets and energy policy.
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APPEARANCES
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PODCASTS
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Oct 13, 2026
Full Show 10/13/2026: "Judge Leon Roche failed at the exercise of "discretion"—Newell Normand
29:32
29:44
29:51
30:05
30:15
30:23
35:09

Newell NormandHOST
So Doc, in your opinion, this move by the Trump administration, is this going to reduce the price of diesel?

Eric SmithGUEST
I guess, yes, usually I'm somewhat cynical that it will have any meaningful effect.

Eric SmithGUEST
It certainly theoretically should have a little effect, but we're not talking about a lot of volume, number one, in the world market.

Eric SmithGUEST
So, you know, when we talk about it, we're not down anything and we're actually exporting about a million two to a million five a day.

Eric SmithGUEST
So we're trying to help solve the problem for the world because it helps solve the problem for ourselves.

Eric SmithGUEST
But what you have to consider is that the world is short of refining capacity and we didn't get into that position just because of two wars.

Newell NormandHOST
And as you just outlined, what we're not willing to do here as it relates to production for a whole host of ideological and political reasons, um, we-- in many respects, we have no one to blame but ourselves, right?
Hour 1: President Trump’s announced energy agreement with Vladimir Putin; what could it mean for American consumers, supply chains, and energy policy?
27:48
27:59
28:07
28:20
28:31
28:39

Newell NormandHOST
So Doc, in your opinion, this move by the Trump administration, uh, is this going to reduce the price of diesel?

Eric SmithGUEST
I, I guess, um, yes, usually I'm, I'm somewhat cynical that, that it will have any meaningful effect.

Eric SmithGUEST
Um, it certainly theoretically should have a little effect, but we're not talking about a lot of volume, number one, in the world market.

Eric SmithGUEST
Um, so, you know, when we talk about it, uh, we're not down a- anything, and we're actually exporting about a million two to a million five a day.

Eric SmithGUEST
So we're trying to help solve the problem for the world because it helps solve the problem for ourselves.

Eric SmithGUEST
But what, what you have to consider is that the, the, the world is short of refining capacity, and we didn't get into that position just because of two wars.
Can Russian imports actually ease American supply chain pains, or does this deal carry complex geopolitical trade-offs?
0:38
0:56
1:10
1:21
6:15

Newell NormandHOST
So Doc, in your opinion, this move by the Trump administration, uh, is this going to reduce the price of diesel?

Eric SmithGUEST
Um, it certainly theoretically should have a little effect, but we're not talking about a lot of volume, number one, in the world market.

Eric SmithGUEST
Um, so, you know, when we talk about it, uh, we're not down a- anything, and we're actually exporting about a million two to a million five a day.

Eric SmithGUEST
So we're trying to help solve the problem for the world because it helps solve the problem for ourselves.

Newell NormandHOST
And as you just outlined, what we're not willing to do here as it relates to production for a whole host of ideological and political reasons, um, we, in many respects, we have no one to blame but ourselves, right?