Opinion
The SPR: How Davos Will Deplatform Oil 'To Save the Earth'
The 'refill' of the Strategic Petroleum Reserve (SPR) is an open issue that has sparked a lot of debate. If the SPR can be viewed as an insurance policy against war or calamity; then last year the US definitely made a claim against that policy to keep a lid on prices after our post-covid re-opening outpaced production recovery. Will 'premiums' go up as a result? Will prices increase? Probably. Will G7 leadership care? That's debatable.
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