RE:Oil would be at 150.00 not for SPR releaseDukesMtl wrote: SPR winding down in just over a month. Oil is going up north of 150.00 come winter. Governments unwilling to do what is required and pump more oil & gas because it goes against their Climate change agendas.
Europe is instead switching from gas to coal because burning coal is good for climate change!
Flakiest Libtard governments are in power and thanks to their flakiness,,, oil & gas will continue rising along with energy driven inflation and rising interest rates to follow = Massive depression but VET will still be making uncharted cashflow.
You need to know what is going on and be in front of the ball not behind it.
western governments don't actually pump oil. Corporations do. And they're limited in what they can pump for a variety of reasons, chief among them is long term underinvestment.
As for those countries with national oil companies, Biden went begging for more oil and got a soup kitchen response "no oil for you". They're in control and they're not likely to cede control. It's not in their interest to pump more oil which only lowers the price.