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Being a Bit Serious About Oil Prices

This week President Biden announced that he would release 1 million barrels per day from the strategic oil reserves. This action was generally derided by politicians and the media, saying that this move would have little effect on the world price of oi…

This week President Biden announced that he would release 1 million barrels per day from the strategic oil reserves. This action was generally derided by politicians and the media, saying that this move would have little effect on the world price of oil. They argued that in a world oil market of just under 100 More

The post Being a Bit Serious About Oil Prices appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Dean Baker.


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