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Saudis, Russians Consider Pausing Oil Production Increases In Retaliation To Biden SPR Release

Saudis, Russians Consider Pausing Oil Production Increases In Retaliation To Biden SPR Release When commenting on yesterday’s SPR release announcement by the Biden admin and several assorted hanger-on nations – which has backfired spectacularly sending the price of oil soaring now that the rumor can no longer be sold so the news has to be […]

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Biden Asks The World For Help Easing The Global Energy Crisis

Biden Asks The World For Help Easing The Global Energy Crisis Oil prices have fallen below a key psychological barrier on news that Biden is trying to persuade a number of countries to release crude from their Strategic Petroleum Reserves. Biden’s highly unusual move comes just months after he made another request to OPEC+ to […]

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White House Debates Immediate, ‘Radical’ Action To Lower US Energy Prices

White House Debates Immediate, ‘Radical’ Action To Lower US Energy Prices The Biden administration is actively debating whether to immediately intervene to lower US energy prices, rather than letting markets ride and hope they settle, as the ‘most popular president in history’ grapples with soaring inflation amid trade and foreign policy matters, according to Bloomberg. A […]

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Trump’s Ultimate Move To Lower Gasoline Prices

Trump’s Ultimate Move To Lower Gasoline Prices President Trump is reportedly considering tapping the strategic petroleum reserve to lower gasoline prices in an effort to neuter a political threat ahead of key midterm elections in November. Sources told Bloomberg that options are under consideration by the Trump administration, ranging from a minor 5-million-barrel test sale, […]

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Satellite Imagery Reveals China’s Strategic Petroleum Reserve Is Vastly Greater Than Disclosed

Satellite Imagery Reveals China’s Strategic Petroleum Reserve Is Vastly Greater Than Disclosed At the end of August, we did a follow up article on what we believe is a far bigger marginal driver to the price of oil than OPEC production (which may or may not be reduced by up to 750kbpd in November), namely the Strategic […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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