RE:RE:SPR Release or OPEC+ Increase or Nothing?Dandu, getting into the data you will see the builds are NOT huge...we SHOULD be building more...October and September were a major impact...
and the only reason we are building for a few weeks here is the backlog due to autumn refinery maintenenace
Biden has a major problem going into winter and spring and he knows it
He needs $60 oil now because he can see a rise of $20-40 per barrel coming.
He know $80-100 the US/inflation can manage...but once we get over $100 it will be an issue for him...
BUT with COP26 what kind of message would that send to release now LOL
dandu1924 wrote: Very curious, the USA are a major oil producer and last week the AEI was huge built in the oil and now the USA asked to Opec + to increase their production. So the USA are unable to increase their own production???, what is mean, in fact the USA reserve are decreasing and this is why USA asked to the Opec+ , so the oil price will just continue to going up.