Politics
US Strategic Petroleum Reserve Being Drained to Minimum Operational Levels Before Midterms
Forward Guidance
Can The AI Driven Rally Continue? | Weekly Roundup
What was said
"The US has approved an SPR drain, basically down to the minimum operating levels so they can draw it whenever they want. If you continue at the pace we've been doing in the first month plus since they've started drawing down the SPR, it basically gets you to the minimum operational levels right around midterms."
The co-hosts revealed that the Trump administration has authorized draining the Strategic Petroleum Reserve to minimum operational levels, timing the depletion to coincide with the November midterm elections. This mirrors Biden's 2022 pre-election strategy and raises questions about long-term energy security being sacrificed for short-term political gain. They noted 9.9 million barrels were released last week alone to suppress oil prices.
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- Programme
- Forward Guidance
- Episode
- Can The AI Driven Rally Continue? | Weekly Roundup
- Clip time
- 27:05
- Original source
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