RE:Why oil is back to over $90.a barrel:spurwing2 wrote: https://finance.yahoo.com/m/dd2610f7-0f34-331f-9849-d729490c0906/why-oil-is-back-to-90-a.html
Part of what I mentioned earlier, here's the nuts of that article
“The Biden administration has used a lot of its chips early and they don’t have a lot of options left now to try to tamp down prices,” said Amrita Sen, director of research and co-founder of Energy Aspects, a consultancy.
There really isn't a lot of cards left here for old Joe. The SPR is at dangerously low levels. It's going to be interesting to watch this play out in 2024.