RE:Here is WhyBiden are zero tools, just rhetoric. His only tool is saying he has tools and it spread the market for a day or two and then oil moves back up.
If they pull from SPR now, it will further exacerbate the problem in mid 2022 when they will actually be in a deficit and need that oil.
geezer21 wrote: Here is why:
https://www.zerohedge.com/commodities/biden-weighs-tapping-strategic-reserves-he-threatens-opec-undisclosed-tools