Boosting US oil supplies with Russian diesel unlikely to have much impact on prices, experts say

A new pact that calls for Russia to boost the U.S. supply of diesel over the next few months is unlikely to make a dent in painfully high prices at the pump or elsewhere, energy policy experts say.

Energy policy experts expressed doubts that a boost in diesel supply from Russia will have a significant impact on oil prices, whether in the U.S. or globally.

"It's kind of shuffling deck chairs on the Titanic," said Michael Lynch, distinguished fellow at Energy Policy Research Foundation. "If we get diesel from Russia, basically it means that their existing customers are not going to get it and they'll have to go somewhere else, and that will keep the price basically where it is now."