Even the government of the United States of America now openly plots against me. The announcement this morning that the Strategic Petroleum Reserve would be sold down – during the most obvious buying opportunity in a century – is nothing short of a flagrant insult.
If there were any doubt remaining, then let there be none more; the world is conspiring against me in unison.
There is no reason to sell off the STRATEGIC Petroleum Reserve to raise fucking money. This is all about spitting in my eye while I am at my worst.
So help me, spirits of the stock market. Grant me Revenge! Or if not, then TO HELL VITH YOU!
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The SPR was a joke anyway – provided maybe a month of capacity at most? I guess the logic is that we don’t need it, similar to the helium reserve and all the other commodity reserves that we used to have during the cold war. Government is definitely not a buy low/sell high investor
Right. The SPR really has not major effect on oil prices – which is why prior attempts to use it to cool a hot oil market have always consistently failed.
But the optics here send the message “we hate our companies”.