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People Just Aren’t Concerned Enough About This

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Oil Inventories (and the SPR) Continue to Fall

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Oil Inventories Continue their Downward March

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1/3 of SPR Gone

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Biden Has Drained 30% of SPR, US Oil Inventory at Multi-Decade Lows

I’m stunned the inventory numbers aren’t concerning more people. We are getting to levels where a singular event could cause major disruption to the economy via oil prices making another large leap higher.  I’m talking $70-$100 bbl more, not $10-$20. If the first chart on the left below doesn’t scare you, you’re not reading it correctly.

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Scary Chart

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Oil Inventory Keeps Falling

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US Oil Inventory Including SPR at 2003 Levels and Falling…..Fast

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Oil Inventories Including SPR Continue to Fall

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Crude Inventory Decline Accelerates