8 Sep
2022
8 Sep
'22
10:13 p.m.
Politically based mismanagement approaching strategic failure, when the buffer tanks and inflows drop, you're fucked... SPR @ 442/714MBbl -43 new low not seen since 1984 As everyone knows by know, to avoid a bloodbath at the midterms and daily records in gasoline prices, the Biden administration has dispatched about 1 million barrels of oil per day from Strategic Petroleum Reserve (SPR) stockpiles this year to lower fuel prices and pare energy inflation ahead of midterm elections in November, a move which would prove to be a catastrophic blunder if China were to invade Taiwan in the near future.