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Well.. what _strategic_ goals are we accomplishing with the "strategic petroleum reserve?" To sate the world market for a few days? Or, given the OPEC view,
by akira2501 4y ago
Well.. what _strategic_ goals are we accomplishing with the "strategic petroleum reserve?" To sate the world market for a few days? Or, given the OPEC view, simply provide slight downward pressure on prices for a few weeks?
- fny 4y agoThat oil was bought around $30 sold at $100-$120 and now can be bought back sub $80. It was an incredibly good trade.
- Spooky23 4y agoObviously the government is taking actions to attack the post COVID price shocks, and has been reasonably successful in that process. Seems pretty strategic as $5/gallon gasoline was really hurting consumers.