oldtimer28
11-23-2021, 09:26 PM
Doesn't seem like it. What could they do if they weren't trying to tank the U.S?
U.S. Joins With China, Other Nations in Tapping Oil Reserves
https://www.wsj.com/articles/u-s-several-other-countries-to-tap-strategic-oil-reserve-11637669762?mod=hp_lead_pos2
he Biden administration said in total it would put 50 million barrels of oil from U.S. government stockpiles onto world markets in the coming weeks.
The six countries combined are likely to put roughly 65 million to 70 million barrels from government stockpiles onto world markets, according to a tally by RBC Capital Markets.
That figure is only a little more than half of the world’s daily consumption, which the Energy Department estimates will surpass 100 million barrels in the final three months of 2021. That rate would put world consumption nearly 5% higher than it was a year ago as the recovery from the pandemic has steadily driven consumption higher.
U.S. Joins With China, Other Nations in Tapping Oil Reserves
https://www.wsj.com/articles/u-s-several-other-countries-to-tap-strategic-oil-reserve-11637669762?mod=hp_lead_pos2
he Biden administration said in total it would put 50 million barrels of oil from U.S. government stockpiles onto world markets in the coming weeks.
The six countries combined are likely to put roughly 65 million to 70 million barrels from government stockpiles onto world markets, according to a tally by RBC Capital Markets.
That figure is only a little more than half of the world’s daily consumption, which the Energy Department estimates will surpass 100 million barrels in the final three months of 2021. That rate would put world consumption nearly 5% higher than it was a year ago as the recovery from the pandemic has steadily driven consumption higher.