Hey Guys,
Last week we had the news that OPEC+ would be cutting oil production for the first time since 2020. This was seen as a massive sleight to the Biden administration especially as they had been actively lobbying the Saudi government not to do so.
This at a time when oil & gas prices were just starting to come down. At a time when the US is heading into some midterm elections that could be vital for the incumbent party.
As a result of this, the Biden administration decided to drink again from the forbidden well…
I am of course talking about the Strategic Petroleum Reserve or SPR. While this may have short term relief benefits, it could have serious long-term implications when it comes to the question of energy security. If there is one thing that the crisis in Europe has taught us, it's that energy security is not something that you take lightly.
So, could the US eventually run out of oil in the SPR? And what implications could this have for global geo-politics?
That's exactly what I will be covering today!
I will be taking you through the current dynamics in the oil market and how that is driving prices / policies. I will also analyse how things are likely to play out in the coming weeks & months – especially as those price caps on Russian oil are rolled out.
This is a vid you don't want to miss!
Enjoy.
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⛓️ 🔗 Useful Links 🔗 ⛓️
Strategic Release: https://www.cnbc.com/2022/03/31/oil-m…
Continue Tapping SPR: https://www.reuters.com/markets/us/cr…
What's Holding Back: https://www.forbes.com/sites/rrapier/…
Empty by 2023: https://twitter.com/AdrianNormanDC/st…
Biden Tapping: https://twitter.com/davidshepardson/s…
Killing Keystone: https://www.forbes.com/sites/davidbla…
Sale From SPR: https://www.reuters.com/markets/commo…
Oil Went Negative: https://www.reuters.com/business/ener…
China Fill SPR: https://www.reuters.com/business/ener…
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
