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But frankly, the scale of disruption that we've already seen in the Strait of formulas is so big that SPR releases and removing sanctions on certain barrels that are on the market to free up that oil and get it flowing to customers.
But frankly, the scale of disruption that we've already seen in the Strait of Hormuz is so big that SPR releases and removing sanctions on certain barrels that are on the market to free up that oil and get it flowing to customers, all these things are just not big enough to cope with the scale of the disruption.
So yeah, China has and over the last couple of years, one of the main things we've been talking about the oil market is the voracious demand of Chinese purchases for their SPR specifically.
one of the main things we've been talking about the oil market is the voracious demand of Chinese purchases for their SPR specifically.
Are you considering any other moves, including the spr?
Are you considering any other moves, including the SPR?
Is there anything that the White House can do beyond releasing barrels from the SPR, which it's already done?
Is there anything that the White House can do beyond releasing barrels from the spr, which it's already done.
The SPR, we spent a whole like a good chunk of the second half of last year talking about how China has been stockpiling barrels.
The SPR, we spent a whole like a good chunk of the second half of last year talking about how China has been stockpiling barrels.
We can do it through the media and the Strategic Petroleum Reserve, the SPR.
So when you hear Trump say that he's working on this deal, what he's actually saying is, we need to reopen the Strait of Hormuz right away before the SPR runs out, before oil goes up, before the bond market breaks, before Kevin Warsh can't cut rates anymore, before the whole plan to QE, but
I thought we were refilling the SPR.
In the same manner, you've seen the Trump administration empty the SPR, increase U.S.