Locator: 51181SPR.
This is either going to be really, really important ... or not.
It seems to be one of those "things" that doesn't matter ... until it does.
The statutory operational minimum, Congressionally-mandated: 150 million bbls but there are discussions regarding the "physical" operational limits ... which could be as high as 300 million bbls.
I keep coming back to this: it seems to be one of those "things" that doesn't matter ... until it does.
So, for the record / archives, WTI: $79.99. Brent is slipping despite more Allied attacks on Iran. Later: WTI is now $80.08.
South Korean stock exchange (or something to that effect) fell 7% after the South Korean central bank (or something to that effect) raised rates for the first time in three years. That's not happenin' in this country -- at least for now.
The US SPR could be Warsh's first test.
Kalshi traders see gasoline considerably higher by the end of July.
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Movie Night
Humphrey Bogart's Sabrina and Harrison Ford's Sabrina.
