Hey Guys, Last week we had the news that OPEC+ would be cutti | Coin Bureau Insider

Hey Guys,

Last week we had the news that OPEC+ would be cutting oil production for the first time since 2020. This was seen as a massive sleight to the Biden administration especially as they had been actively lobbying the Saudi government not to do so.

This at a time when oil & gas prices were just starting to come down. At a time when the US is heading into some midterm elections that could be vital for the incumbent party.

As a result of this, the Biden administration decided to drink again from the forbidden well...

I am of course talking about the Strategic Petroleum Reserve or SPR. While this may have short term relief benefits, it could have serious long-term implications when it comes to the question of energy security. If there is one thing that the crisis in Europe has taught us, it's that energy security is not something that you take lightly.

So, could the US eventually run out of oil in the SPR? And what implications could this have for global geo-politics?

That's exactly what I will be covering today!

I will be taking you through the current dynamics in the oil market and how that is driving prices / policies. I will also analyse how things are likely to play out in the coming weeks & months - especially as those price caps on Russian oil are rolled out.

This is a vid you don't want to miss!

Enjoy.