https://twitter.com/zerohedge/status/1780304180457906455
zerohedge
@zerohedge
And there it is
SENIOR WHITE HOUSE ADVISOR: US COULD RELEASE MORE SPR OIL TO KEEP GAS PRICES LOW
Quote
zerohedge
@zerohedge
·
12h
White House Will Do What It Can to Keep Gas Prices Down: Podesta
Another SPR drain coming
7:36 AM · Apr 16, 2024
I believe Biden has used up about 80% of that reserve, thus the only thing the administration can do is squeeze a wee bit more out of it before it dries up. It should last throught the summer if there is not a huge demand. But folks will want to travel. Heck, even if it SPR was totally full, a conflict in the middle East will still send the price of crude oil up.
https://twitter.com/zerohedge/status/1780304180457906455 zerohedge @zerohedge And there it is SENIOR WHITE HOUSE ADVISOR: US COULD RELEASE MORE SPR OIL TO KEEP GAS PRICES LOW Quote zerohedge @zerohedge · 12h White House Will Do What It Can to Keep Gas Prices Down: Podesta Another SPR drain coming 7:36 AM · Apr 16, 2024
I believe Biden has used up about 80% of that reserve, thus the only thing the administration can do is squeeze a wee bit more out of it before it dries up. It should last throught the summer if there is not a huge demand. But folks will want to travel. Heck, even if it SPR was totally full, a conflict in the middle East will still send the price of crude oil up.
They love it when a plan comes together. Ouch!