Last week you sent me more than a hundred questions/comments about a single word, and most of you were using “shortage” to mean four different things at once. So this week the whole episode is yours, built straight from your comments. The frame is simple: reserves, inventories, logistics, and politics are four separate clocks. A draining SPR measures the fast one on the surface, not the resource under the ground, and once you hold those apart, the arguments stop contradicting each other.
Energy, Oil & Gas, Crude Oil, Gas Prices, Market Analysis, Refining
