Empty promise after empty promise.
Are they just gonna leave office without refilling the oil reserve?
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Prices are pretty good right now.
I mean, if you’re not playing politics with a strategically necessary commodity, now would be the right time to refill it, right?
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Seems like the smart thing to do which means they won’t do it.
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Personally I would hold…with coming recession due to Biden/Harris I suspect oil prices be low 60’s upper 50’s. But again what do I know.
Beside…Biden/Harris isn’t going to buy large sums of oil to drive up prices just before Harris coronation.
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It won’t all be bought overnight. Start buying now. As the price drops, buy more, and maybe accelerate purchases (which would put demand pressure on crude and slow the decline.) It’s gonna take a long time to fill all those tanks.
I would start it now.
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On Aug 8
Donald Trump vowed to refill the SPR “immediately” if re-elected.
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increase domestic production and refill the reserve with oil from American wells
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Refilling the strategic reserve is counter revolutionary comrade.
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I would wait.
After Trump wins oil will be even cheaper like the last time he was in office.
It won’t be $24 a barrel again unless the government decides to close up businesses again. Trump’s idea was to load up on cheap oil then to offset the cost of the stimulus. Of course, Democrats claimed it was a bail out of “Big Oil”.
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Even if you were playing politics, now would be an excellent time.
Buy low, sell high, or something like that. Then you could claim you made money trading oil, and trimming the deficit. 
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Yes.
I don’t recommend speculating with the SPR,
but selling when it’s high and refilling when it’s low certainly has an appeal to it.
I would bet it will get cheaper than it is now.
Following Drill Baby Drill.
Yes, a recession tends to do that.
According to the Sahm rule (anytime unemployment ticks up a certain amount) we’re already in a recession.
(although Claudia Sahm herself disputes it because this time the uptick in unemployment was caused by immigration.)
Shouldn’t we be drilling more?!?!?!
We should be
- opening more pipelines
- opening more refineries
and - drilling more.
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Why drilling more?
Why more pipelines?
