RE:RE:RE:RE:Reason why WTI may not declineAll is not as stated & communicated to the public. We see what corporations and govt want us to see. I'll agree to disagree.
Citizen13 wrote: The SPR has one mandate and that is to have a backup when there is a shock to supply. The rest of your reasons are a head scratcher. Stabilize prices for producers ? What ? Please site your sources . How many producers went bankrupt in 2015-2020 ? Did you see the government concerned about that at all ? LOL. A certain party was probably doing a happy dance when they failed. Anyways, there are clearly no rules that cannot be broken if they use the supply to lower prices instead of the designated use it was meant for. There are smart people in every government . I'm sure they did the risk/reward scenarios and deemed the SPR not as important as it used to be say during the oil embargo fiasco where the USA relied a lot on imports . Otherwise they would not have touched a drop of it. And these smart people would have to be much much smarter than the head cheese and his energy portfolio lady who didnt know how much oil the USA uses every day . Equity ,Inclusion and Diversity at ts finest.