Biden admin wants to scale back oil production but wants the industry to refine more to lower prices. Oil industry is hesitant to invest with 10 year payback period into regulatory uncertainty [1]

Strategic oil reserve

Biden admin dippin in likely in an attempt to keep gasoline below $5 a gallon before midterm election, some is apparently bieng sold onthe black market to china [2] likely to fund the black budget.

Russia Ukraine Conflict

Germany warning of total shutoff of gas from russia [3]

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