That's the very dangerous game that Biden is playing with the SPR releases to buy Democrats votes, while simultaneously being very hostile to domestic oil and gas.
If there is any sort of supply disruption in oil domestically, it's going to be the perfect storm. OPEC+ will be all too happy to have "maintenance issues" that same week and boom, $300 barrels of oil for the US, a functionally empty SPR, and we get to witness that mix of incompetence, desperation, and power that results in catastrophic ideas.
For maximum devastation, this happens close to the Presidential elections.
Lots of conspiratorial theories here but the best way to mitigate this very dangerous game is to not rely on oil for your day-to-day needs - so instead of driving to Costco for gas in a giant SUV and living in the suburbs, you change your way of life. This applies at the personal level and also nation state level. Germany shutting down nuclear reactors and relying on Russian fossil fuels is another dangerous game that was placed and lost.
Or don’t.
And then regardless who is president this happens anyway because there is no economic policy in existence that will give you forever cheap gasoline and oil unless we have some miracle breakthrough technology like fungus growing oil or something.
OPEC+ won’t have “maintenance issues” because while they have a stranglehold on oil production, there is a pain point where malfeasance would result in US military action to get oil flowing again.
> instead of driving to Costco for gas in a giant SUV and living in the suburbs, you change your way of life.
The most urban dweller who hasn't seen the inside of an automobile in 20 years will find his way of life changed dramatically with crude oil at $300 a barrel. Not to mention the billions of people around the world who would like to maybe have a chance at driving to a Costco one day who will instead suffer and die young. There is some good to come out of cheap energy.
If there is any sort of supply disruption in oil domestically, it's going to be the perfect storm. OPEC+ will be all too happy to have "maintenance issues" that same week and boom, $300 barrels of oil for the US, a functionally empty SPR, and we get to witness that mix of incompetence, desperation, and power that results in catastrophic ideas.
For maximum devastation, this happens close to the Presidential elections.