Thursday, July 25, 2013

Dennis Gartman: Tap The SPR

A reader sent me the same thought a couple of days ago: President O'Bama must tap the Strategic Petroleum Reserve -- Dennis Gartman.

Wow, I wish I had more time to comment.

Gasoline is flirting with $5/gallon in some places in America, but it's not because there is not enough oil.

But the price of gasoline is not why Gartman wants to tap the SPR. Completely different reasons. Great disruptive thinking.

But it won't happen.

Folks are missing Gartman's point. He is absolutely correct, but for reasons folks don't understand.

This post is not ready for prime-time. I'm rushed, but did not want to miss this story/line.

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