Turns out oil is vulnerable to price shocks caused by blood-crazed presidents.
Strategic Petroleum Reserve
Posted inEnergy and the Environment
Donald Trump, Oil Market Obliterator
Most presidents can’t be directly blamed for gas prices going up. This one is the exception.
Posted inEnergy and the Environment
The Energy Department Is Spoiling Biden’s Plan to Stabilize Oil Prices
The DOE appears reluctant to use the Strategic Petroleum Reserve to buy and sell crude oil in a way that would ‘step into a quasi-market management role.’