RE:Wow! Correction....
If Biden comes through with releasing a million barrels a day from the strategic reserve, we'll see the reserve break below 300 barrels in July. By Christmas the reserve will be low 200s. This is a feable attempt by Biden to stem the negative sentiment towards him and the democrats. At best all it will do is prolong the inevitable. The green echo chickens are coming home to roost and there is nothing he can do about it. He's going to get absolutely crushed at the mid terms in November.
Never thought I'd see another opportunity to buy a significant dip. Fingers crossed.
Anschutz wrote: Petroleum reserves are almost 100 million barrels less in a single year. I don't recall ever seeing the reserves this low on a report heading into the spring/summer refining season. We could easily see sub 400 by next month, possibly breaking below 300 by next fall. Simply wow!
