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
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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.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
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Lars Pålsson Syll writes Busting the ‘natural rate of unemployment’ myth
Mike Norman writes Rates
Michael Hudson writes Petrodollar Deal or No Deal
Lars Pålsson Syll writes Riksbankens oansvariga penningpolitik
Oilprice
https://oilprice.com/Energy/Energy-General/Pressure-Mounts-On-Biden-To-Tap-US-Oil-Reserves.html
See also
The president would have to declare an emergency to tap the SPR.
Zero Hedge
John Kemp, Reuters energy commentator and reporter
https://www.zerohedge.com/commodities/how-effective-would-spr-release-be