Locator: 44303B.
A reader sent me this earlier this morning:
My not-ready-for-prime-time reply:
Excellent.That makes a lot of sense.That was a nice way to state it: triggering event.Lots and lots of issues but the question I should have asked in my original note (see link above), what was the triggering event or tipping point?That really, really makes sense. Saudi needed to protect Brent $80-floor at all costs and when SecEnergy Jennifer "no clue" Granholm said she wouldn't refill the SPR this year, and, in fact, she said, it would take years to refill -- the Saudis must have gone ballistic. Especially coming from "no clue" SecEnergy.I remember the day when Granholm said the volume of the SPR was measured in bbls of oil per day (bopd). Wow. LOL.Again, thank you for that note.
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