White House Is Quietly Modeling For $200 Oil "Shock", June 30, 2022:"And here is the punchline: at the current record pace of SPR drainage, one way or another the Biden admin will have to end its artificial attempts to keep the price of oil lower some time in October (or risk entering a war with China over Taiwan with virtually no oil reserve). This means that unless Putin ends his war some time in the next 5 months, there is a non-trivial chance that oil will hit a record price around $200 - precisely the price the White House is bracing for - a few days before the midterms. While translates into $10+ gasoline."

https://www.zerohedge.com/commodities/white-house-quietly-modeling-shock-200-oil

#WhiteHouse #JoeBiden #GasPrices #Gasoline #Oil #SPR #NurseUp