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Analysis: US admin wades into oil market management with stockpile release
Commodities Analysis: Biden White House wades into oil market management with stockpile release
By Timothy Gardner and Richard Valdmanis
Nov 24 (Reuters) - U.S. President Joe Biden's decision to tap the nation's emergency oil stockpiles marks the first time in two decades that a president has used the reserve to tame energy prices instead of tackle a supply disruption.
The release also marks the first coordinated release with consuming nations outside the auspices of the West's energy watchdog, the International Energy Agency...
"...there’s an obvious contest that’s happening between different sectors of the colonial ruling class in this country. And they would, if they could, lump us into their beef, their struggle." ---- Omali Yeshitela, African People’s Socialist Party
(My posts are not intended as advice or professional assessments of any kind.) Never forget Excalibur.
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