Post by
geezer21 on May 10, 2023 11:49am
2.924 Mbls Draw From SPR
Administration artificial propping up oil inventory to suppress prices will backfire once the reserve dries up. It is artificially masking global undersupply that will still be there when it comes time to refill the strategic petroleum reserve. They will not be able to refill without spiking the price of oil up.
https://www.zerohedge.com/energy/wti-extends-losses-after-biden-admin-drains-spr-most-december-0