Signalling that US gov will replenish petroleum reserves when prices fall to $80/barrel sets a longer-term price “floor” that is higher than where futures are trading now & oil shareholders may seek even higher prices before raising production. Ouch!
ft.com/content/99f83e… https://t.co/jaA6sXN3g2
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…