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Ep. 250 Bob Murphy vs. Biden Administration on Fuel Inventories

Bob Murphy Show

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The Biden Proposal

In periods of relatively low demand, you keep production high and bulk up your inventory. When people want to consume more than can physically be produced in that time frame, oh, we've got a bunch of inventory that we carried from the past. It helps match demand over time without needing unnecessarily high capacity. The Biden administration comes along and says, "We're going to force you at gunpoint to bulk up your Inventory"

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