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Politics : Welcome to Slider's Dugout
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To: rdkflorida2 who wrote (48404)5/29/2025 8:17:39 PM
From: nicewatch6 Recommendations

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There was nothing "strategic" about dementia Joe Biden releasing that much oil from the reserve at the time. It was purely political and a reaction to high gasoline prices after he extended the COVID stimulus and had opened up borders to any and all. Those two things were highly inflationary.

But your big whopper is associating a temporary negative price in a singe oil grade contract at a single modestly sized depot in the midwest as being a real world market price. What happened then was a game among paper shufflers that hadn't rolled their contracts before expiration. You think paper contracts on trading exchanges relate to how real world users/producers in the energy market take on or sell product? hahaha!!! Try filling up the SPR with paper oil and let me know how well it goes. Better yet, since you think real world commodities can go negative then please explain to me why no other global oil contract in the world, of which there are dozens, ever went negative let alone even close.

Your ignorance shows a complete lack of understanding of market mechanisms, and literally the mechanics of how the SPR salt cavern storage facilities work, and why they are physically located close to the major refineries in Louisiana and Texas. This is all public information if you want to look before swallowing your foot again. This tends to be an adult thread. Perhaps you should stick to your pennystock threads for a while longer.

Respectfully yours,
Mr. nicewatch
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