@TennesseeFrisk@rickjeff78 I don't understand how this has become so binary that oil at 80 is an "L" - this entire situation has kept oil unexpectedly above 80 for months and it will continue for months thanks to the reality of reserve depletion. Oil over 100 is not a W for oil companies. 80 is a W.
@robin_j_brooks@JavierBlas When did SPRs become understood as part of the global oil supply chain? Aren't they defense assets that get periodically misused as market tools? Does it validate economic or political reality? Politically successful, economically foolish, shortsighted in both cases.