Let's see if I can get through a post without any charts or graphs.
I had previously mentioned the likelihood of heating costs being a shock in late January or February. Maybe next month, as this current cold snap might be a wakeup call. Of course, the bills won't come before the election.
I hear rumblings of another SPR release. Seeing as the current release is scheduled to end at the end of the month and the election is 8 days later... I doubt it happens. Got to save some ammunition for 2024.
Uh oh... I feel a chart coming on...
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I do recall a couple of releases, such as 30M barrels for late 2021 and the 1M barrel per day release starting on May 1st and ending on October 31st. The latter indicating another 40M barrels to go and the ending number at 370M barrels. Somehow the numbers aren't adding up. When they say 14M, do they really mean 20M? About half of the SPR will have been drained in 2 years. It should all be gone by 2024.
Somehow the crude oil inventory of the U.S. is 12M barrels higher than this time last year, with crude prices less than 1% higher. The gasoline inventory is 12M barrels lighter than this time last year, with gasoline prices 16.4% higher. So is it a crude problem or a refining problem?
The American people are easily misled and manipulated, so crazy statements will not called out by anyone and certainly not our press. If the TRUTH were a woman, our nation's press (and politicians) would be called misogynists, for their mistreatment, disregard and abuse of the truth.
In any case, the American people have an abundance of gullibility, for the politicians to exploit.
I don't really know who is going to win, but I am becoming sick of those January 6th hearings and they would end if the republicans take the house. Then I will become sick of the Hunter Biden hearings for 2 years. That's about the only change I can see happening.
Is there anyone out there... that is worth a damn?
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