This week the United States produced more crude oil than any nation ever has, while the emergency reserve meant to backstop world supply sank to its lowest level since 1983. At the same time the government’s own price forecast swung roughly 40 dollars a barrel in five months, up on a war and back down on a memo. None of it fits together, and that mismatch is the honest state of the business right now.
Energy, Oil & Gas, Crude Oil, Natural Gas, Market Analysis, Geopolitics
