Turned out to be a great political move and would have been a very good
trade as well if we had started to replenish in Q1 and Q2. For the life of me I don't understand why we didn't - especially when it was obvious that OPEC could not increase production and prices were going to be hyper-sensitive to supply issues. When you add the SPR to the sector data, inventory is at scary low levels - and has been for some time.
Maybe it's not so hard to believe when you have a know nothing politcal appointee such as Jennifer Grantholme handling the DOE.
[Post edited by nyhoo at 11/01/2023 12:41PM]
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In response to this post by Tuckahokie)
Posted: 11/01/2023 at 12:39PM