The latest stopgap solution to the global energy crisis is positive news for energy companies-even if it looks bad at first glance.

Energy stocks initially fell on Friday on news that the Group of Seven major economies plan to release up to 100 million barrels of diesel fuel and crude oil into the market. If the G-7's bailout eases the oil and fuel shortage, it will force prices lower and reduce profits.

But most of the stocks rebounded in less than an hour. The short-term negative looks like it could result in long-term gains.

ExxonMobil was up 0.2%, after initially falling more than 1%. Refiner Valero was off just 1% after dropping more than 4%.

On net, it's good news for energy companies.

They had been facing a much more severe threat, which now looks much less likely. President Donald Trump was pushing for a U.S. diesel export ban that could have forced American refineries to throttle back their operations. The energy industry came out strongly against the plan.

The G-7 statement said that "we reaffirm our commitment to refrain from export restrictions on energy and energy products between G7 countries." (The U.S. is in the G-7.)

By comparison, the G-7's stockpile release is a more mild and temporary solution to a broader problem that still hasn't been fixed, like taking a Tylenol for a fever that's likely to come back a few hours later.

The broader diesel market is still undersupplied, and should remain so-this week, Russia extended a diesel export ban until the end of October.

Until the wars in Iran and Russia are over, the diesel market is unlikely to return to normal.

What's more, the G-7 release sets up a situation where demand is likely to be even higher in the future. If European countries sell off their stockpiles of fuel now, they will have to buy even more in the future to refill the tanks.

Today's bailout could lead to more profits tomorrow.