RE:RE:RE:RE:Risky, baystreet charlatansYes that SPR (Strategic POLITICAL reserve) flood of 200M plus barrels released being looked at as supply just shows how misguided the narrative is right now . North America's political war against O&G is the equivilant of closing restaurants in the middle of a developing famine . The agreement to continually sell the commodity and crush the price only constrains any appetite to increase production which will bite in the long run . Today's job numbers showed a continuing strong economy with full employment , people are still driving , flying and heating their homes .
I saw an interesting interview yesterday (taped) and the host was saying that this country needs to wake up to the ongoing need for those fuels , an opinion I wish would be expressed on bnn instead of the trudope doctrine they read from . For the short term , put oil on sale and pump up demand , this will all come back to haunt the world as reality hits .