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It’s Just Odd Out There

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Are We Done Raiding The SPR?

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Oil Supply Rises…..Due To Imports

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Sentiment vs Fundamentals

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Employment Gains

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Over 40% of the SPR Drained

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Unbalanced Cognitive Dissonance …An Opportunity

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The Drain of the SPR Continues….

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“Administration Desperate…..”

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Inflation is NOT Oil’s Fault

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More Jobs Don’t Equal More Inflation

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M2 vs Inflation

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Oil Fundamentals Don’t Support Price Decline

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Pessimism Abounds

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Nearly 40% of SPR Drained Since March, 2021