Oil
Since financial markets are complex and energy policy can be shrouded in legalese, it is worth taking a minute to translate some of the more abstruse language in the DOE’s announcement.
This is meant to be a quick "micropost" and may be light on linking & original charts I was recently quoted saying that oil prices surging past $150 was "not implausible" in 2022. The reasons for my concern remains, but through delivering greater demand certainty and
The recently-announced SPR release is the first step in a broader program to address oil price volatility in today's geopolitical environment.
Energy security has taken on new importance in wake of Russia’s invasion of Ukraine. We can use existing tools to confront these challenges without sacrificing our climate goals.