Pressure Mounts On Biden To Tap U.S. Oil Reserves — Tom Kool

Summary:
The president's team doesn't seem to realize yet that the Strategic Petroleum Reserve is a buffer stock, especially when dealing with a cartel, or else they don't know what a buffer stock is. Or they are so market oriented, it isn't on their radar. But why pretend there is a free market when there is a cartel and Saudi Arabia is the swing producer.OilpricePressure Mounts On Biden To Tap U.S. Oil ReservesTom Koolhttps://oilprice.com/Energy/Energy-General/Pressure-Mounts-On-Biden-To-Tap-US-Oil-Reserves.htmlSee alsoThe president would have to declare an emergency to tap the SPR.Zero HedgeHow Effective Would An SPR Release Be?John Kemp, Reuters energy commentator and reporterhttps://www.zerohedge.com/commodities/how-effective-would-spr-release-be

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