RE:RE:SPR releaseOgre03 wrote: Problem is Opec has historically never responded by lowering output always flood the market and then do damage control after.
A release has been ongoing from the the spr of about 3 million barrels a week sinceapril 2021 began as well.
Short term this could be bumpy as all get out. I do agree that it is a foolish notion and in the end will drive oil prices to da moon which I am fine with. I would be nice to see companies having so much money they are forced to expand again lol
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the guy with the orange hair had opec in check ... but you cut pipelines and cut looking for oil you will get what sleepy joe is getting he will not win this one...https://www.bnnbloomberg.ca/biden-to-release-u-s-oil-reserves-in-challenge-to-opec-1.1685973