MacroVoices #349 Rory Johnston: Crude Oil Outlook & SPR Discourse
Macro Voices
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Is There Enough Production?
I think that we're going to end up with refilling the SBR with super light oil that can't be refined. Unfortunately, I think you will likely see some at least lip service towards refilling it with American produced oil. There are fields off the offshore Gulf of Mexico that do produce these medium sour crude. And I think that would hopefully be the best way to kind of get both to kill both birds with this one stone here and pleasing a political constituency domestically.
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