SurprisedI'm surprised that the war risk premium on oil isn't much higher than it is. I'm also surprised that the US isn't quickly refilling the strategic reserves.
I appreciate that the US is pumping so much right now, but with the stategic reserves largely depleted and so much tension globally, I can't imagine that they will will be able to kick the can down the road much longer, even with the election not far off and inflation concerns.