Well, this wasn't too hard to foresee.
Via Walter Bloomberg twitter:
— *Walter Bloomberg (@DeItaone) May 5, 2022
If interested see also:
April 4
In A Move That Stunned Wall Street The Biden Administration Will Probably Be Refilling The Strategic Petroleum Reserve At A $50 Per Barrel LOSS
Attempting the reverse 2 1/2 twisting Amaranth,* the only question now is "Will they stick the faceplant landing?" or will the governbent further distort markets by entering into futures contracts?
April 19
American Consumers Are Paying The Cost Of Europe's Energy Fecklessness
April 21
Who Is Buying The First 30 Million Barrels Of Oil In The Latest Release From The Strategic Petroleum Reserve?
March 8
President Biden's Greatest Hope Is To Engineer An Oil Price Crash
One out-the-door thought: Does this mean the powers-that-be are taking us to war?
