RE:SPR replenishment Wildfury wrote:
How will the Fed replenish the SPR . To replenish means that they will be taking demand /supply out of the market & further adding price pressure to the upside, the reverse effect of SPR release . Where will the replacement oil come from? If the supply of oil is so tight I believe Biden shot himself in the foot. The Fed gambled that after releasing millions of barrels that they could refill at much lower prices , OPEC + has other ideas
Biden probably thinks he can buy Russian oil...That's why he wanted a price cap...lol