RE:RE:Waiting game now..Well, the games they are playing are going to come back on them. The sliver lining is
the more they try and keep oil down, the more people will consume it because guess
what......its cheaper. People are more likely to fill their tanks more often and drive
more, not less so its really a catch 22. Prices go down, consumption goes up. That
is the way it works.
Now we just had a net draw of 5M+ bbl and with more consumption due to lower prices,
supply is bound to be drawn down. Biden and his team are engaging in a fools errand
by pursuing this strategy IMO. The longer this goes on. the tighter supply will get until
there will be the inevitable whiplash.