Please go look at a price chart. It will tell you volumes more than whatever late stage narrative is being pushed. Wall Street has been shilling "the SPR might

Please go look at a price chart. It will tell you volumes more than whatever late stage narrative is being pushed. Wall Street has been shilling "the SPR might go to zero" narrative since January. The SPR was filled to the brim during the COVID crash by the Trump admin. This was at record low (negative!) prices. The SPR was released during this recent price panic by the Biden administration mostly near all time highs $90-120. They plan to refill the SPR at current prices. Crude is now $78. This was an incredibly good trade. We're talking 300-400% price appreciation here. Even if the US government was selling SPR crude to China, they sold it at a massive premium and will buy it back at a lower price. What's even more interesting is that the futures market had predicted this trade existed in the futures market even when oil was trading at $120. Refilling the SPR at a lower price was guaranteed at the time of release. Not a huge fan of this admin overall, but they navigated this crisis far better than I thought they would.