RE:US Strategic Petroleum ReserveGreat post John , you are asking all the right questions . You sound like someone I could have a beer with and solve this mess governments have gotten us into .
As to some of your questions , regarding drilling , the problems are drill pipe , sand and labor shortages so Biden's 1 million additional barrels won't be happening . But like the extra production that won't happen , there isn't the infrastructure to make it possible anyways (access roads , pipelines , power) . Like everything he says , its all BS , just saying what he thinks will get his people elected .
Oil and Putin are being blamed for everything but WTI is paying the price . They can pretend that demand is being destroyed , they can pretend that 1 million phantom barrels will just appear next spring but all the hopin and wishin won't conjure up one extra barrel . The day of reconing is coming , I hope 60 minutes saves that tape , lol .