Have a new miscellaneous thoughts and observations post up Substack.
President Trump has been emptying the strategic oil reserve trying to keep the price of gas at the pump at a reasonable level. He's also been been selling that oil at top of the market prices because of the war in Iran. If that war ends and the price of oil drops - will he then start refilling the oil reserve by buying at much lower prices? Did the US government just make a huge windfall? The art of the oil deal?
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