Whitecap Resources Inc T.WCP

When is this going to end

[BigJake]

US to Sell 26 Million More Barrels From Strategic Oil Reserve

Jennifer Jacobs and Ari Natter

February 13, 2023, 2:45 pm

[traderbri]

It's going to end when there's no oil left in the SPR, How stupid can Biden get? If there's a catastropic event and oil goes parabolic, the US will be scrambling to refill the SPR. Too little too late, I'm afraid. Cheers

[fishcarrier]

Yeah, not happy here. Just what we need is more oil released. This could eventually come back to bite him in the @#$. Doesn't do us any good either. 

[NonCredibleSrc]

LOL - I get the disappointment, but Mr Market seems to be on our side. Market knows this can't continue - rising tensions with Russia, rising tensions with China - it's simply not sustainable to continue. The mind-boggling part is that they announced the release with WTI at only ~ $80. If you are going to release, and put yourself in a position of risk because of it, you do it

[borne2run]

Re:  SPR Release There should be NO disappointment as this 2023 release was scheduled in 2015 under the Obama administration.  On the books since 2015 legislation.