Strategic Petroleum Reserve v. Oil Price: Now that it's October, releases from the SPR have stopped. What happens next? [OC]FuhrerIsCringe t1_ireroa7 wrote
Reply to comment by IggyPoisson in Strategic Petroleum Reserve v. Oil Price: Now that it's October, releases from the SPR have stopped. What happens next? [OC] by rosetechnology
What happens when SPR goes empty? Is the more accurate question.
857477459 t1_iretajl wrote
Nothing "happens". At some point the government will just have to start buying back oil at a massive loss. At this point Biden is just worried about the next month until the election, after that it's irrelevant if oil prices rise.
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