RE:SPR replenishment I don't think money is an issue the US throws lots of money around buying 250 million barrels is nothing to what they print. The challenge would be finding the oil.
Wildfury wrote:
How will the Fed replenish the SPR . To replenish means that they will be taking demand /supply out of the market & further adding price pressure to the upside, the reverse effect of SPR release . Where will the replacement oil come from? If the supply of oil is so tight I believe Biden shot himself in the foot. The Fed gambled that after releasing millions of barrels that they could refill at much lower prices , OPEC + has other ideas