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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 55.41

-1.2%

Jan 14 4:00 PM EST

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Ben Smith

Hugh Bett

To: rdkflorida2 who wrote (179682)	9/19/2022 2:12:07 PM
From: robert b furman	2 Recommendations Read Replies (4) of 207797

Hi RD, "Supply "slowly" catching up with demand." The point to be made is they are NOT catching up. The supply shortfall is being bandaided over by a huge historic decline of the SPR. The US SPR has to go back to the mid 1980's to be at such a low level. The SPR was built by all of the fossil fuel E&Ps paying the government "in like kind" as the they drilled and produced the crude complex. It was intended to be used for a war like emergency, not a political trick. Trump wanted the government to buy crude back at 30.00 per barrel. It was voted down by the Greenies who did not want to support the fossil fuel inductry. A multi billion dollar missed opportunity. Once again plitics not making wise decisions. Too much of a cult like dogma, for them to be wise and take advantage of an opportunity. Bob

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