Check out the June 2023 numbers here: https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCSSTUS1&f=W
Despite low oil prices, the US continues (even in June) to deplete the strategic petroleum reserves. Eventually it’s going to need to be filled again. When do you think they’ll start filling it up again? This year? After the 2024 election?
Whenever it is, I’m loading up on oil stocks now.
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