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Biden's SPR release has dropped energy inflation (slightly) in the U.S. Food and natural gas/electricity are still spiking. Markets are now rallying above the "Powell Put" on the Fed's denial and confusion.

Oil price is bid, above the $100 support line. China lockdown/s didn't dent the price as much as anticipated, Biden's emergency SPR oil release begins in May 2022, already priced into the oil futures markets. Will Germany ban Russian oil and gas?

Biden releases one million barrels of oil per month from the Strategic Petroleum Reserve, oil collapses under $100. Central Banks handballing the inflation problem back to Governments. Rates are too low, core inflation is parabolic. Oil investment crash next? Putin will veto Germany's gas supply if they don't pay in Rubles. How far will Russia allow the oil price too drop?

CPI drops to 5% on lower energy costs. Falling inflation has everything to do with Biden's SPR release in 2020. Oil stocks in the U.S., are now at thirty year lows, with the oil price rallying towards its $90 support.

Biden wants to flood the U.S economy with its Strategic Petroleum Reserve at 1 billion barrels a day. Biggest draw in history. A one shot play for a mostly net importer of oil. Putin will hold oil at $100, China lockdown has had no effect on the oil price.

WTI volatility trends down on the historic Strategic Petroleum Reserve (SPR) draw. Holding above 2nd March 2022 support at $98

Russia cuts off gas supplies to Europe, energy inflation is now that "imbedded" inflation. Oil price is bid on OPEC cuts. Russian oil caps may force Russia to cut all oil supplies to international markets. Should a Cold War part 2 be called?

Oil inflation is about to swing back. Biden's SPR failure and restocking of tight oil supplies, Iran nuke deal has "frozen" plus Europe's energy price caps will blow out natural gas prices ala pressure on electrical usage, grids failures and blackouts etc.

The Federal Reserve has embarked on its 0.25% interest rate rises that may include a pause in 2023. Energy costs have fallen dramatically since March 2022, thus inflation has also dropped. The Fed does appear to be behind the curve with its rate cycle.

Oil collapses through its price supports on weaker Chinese export numbers and a massive U.S. inventory build by American firms for the 1st Week in november 2023. A wider middle eastern conflict cannot be ruled out and/or Iran pushing for oil sanctions/embargo against Israel and the West.

GOVERNMENTS, VIA FASCIST TECHNOCRATS, ARE NOW RESORTING TO THE AGE OLD 'PEACE THROUGH STRENGTH' POLICY TO RESOLVE GLOBAL CONFLICTS (UPDATE 674). *WITH LINKs TO PRIOR UPDATES*