Posted on 03/31/2022 4:53:48 AM PDT by Browns Ultra Fan
Alarm!
There is a massive divergence between the collapsing US Treasury 10Y-2Y yield curve and the near-term forward spread. The near-term forward spread is the difference between the implied interest rate expected on a three-month Treasury bill six quarters ahead and the current yield on a three-month Treasury bill.
As we already know, the 10Y-5Y yield curve has inverted signaling a coming recession.
This divergence between the Treasury yield curves and the near-term forward spread is occurring as US inflation hits the highest rate in 40 years.
Now President Biden is considering “Releasing the Kraken!” That is, releasing a huge amount of crude oil from the nations Strategic Petroleum Reserve (SPR) in order to combat inflation. If the purpose of Biden’s executive orders were to limit fossil fuel production and consumption, why doesn’t Biden simply rescind his executive orders and allow the construction of the Keystone Pipeline?
(Excerpt) Read more at confoundedinterest.net ...
Biden staff.
They can’t save their careers from a failing presidency.
Do or Do Not. There is no 'try'....................
The next conservative President will have to fill the Strategic Reserve again.
They aren’t trying to destroy the country, it’s just that they ran out of parlor tricks and can’t manipulate fact and figures ahead of an election again. Do you remember 2012 when the media sold the idea that “no president has been reelected with an unemployment percentage above x%, and then like magic two weeks before the elections the unemployment % magically showed up right below that mark? They’re trying to do that with oil. They’re going to do everything under the sun to get gas below 2.50 in the week or two before the election and hope the rubes buy it.
I am wondering, when we empty the oil reserves?
Probably just when we would need them most!
The reserves were not meant for fixing oil prices to help with failing polls.
Empty the war stocks. Stupid idea.
Well, he is filling up the hot air reserves.
Everything they do is intended to weaken us.
That didn’t work so put your mask on and get the double booster.
Agree it’s “do”….as in what you’re told. Who issues the commands?
He opened the border for the drug cartels.
And, in a nutshell, that is the kind of infantile, ignorant, futile, wasteful, short-sighted action that only Leftist Jackasses seem capable of.
Even if they released all of it, it would be like throwing a thimbleful of piss on a raging house fire.
Imagine eating a Ghost Pepper, raw. You might get a glass of ice water or cold milk, but the instant it passes your lips and is gone, the burning flames in your mouth spring back with renewed vengeance.
That is all the good this will do. It is infuriating.
$0R0$ & $chwaB................
We need to keep in mind that the oil in the Strategic Petroleum Reserve was purchased at a price of about $30 per barrel.
Now Biden is going to sell 1 million barrels per day from the reserve at $100 per barrel.
The question that needs to be asked is:
“What will Biden spend the $70 million per day on the profits from such a sale?”
I suspect $70 million per day will be used to buy a lot of Democrat votes.
id the entire Strategic Reserve was used up, isn’t that like 3 days’ supply? What happens Monday?
Biden, owned by China, is executing their plan. Wrecking our economy.
10 percent for the big guy.
It’s called “eating your seed corn”.
Yup. Better than “Breaking the piggy bank”...
Without a strategic oil reserve, imagine a war with Russia and/or China. This nation might be crippled and fall.
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