MacroVoices #349 Rory Johnston: Crude Oil Outlook & SPR Discourse
Macro Voices
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Why Do We Need the SPR?
The risk of a conflict between United States and Russia escalating to that level is higher than it's ever been before. The reason I think we need the SPR is because it seems to me that if Russia really wanted to get dirty, what they could do is blow up the Keystone pipeline. Draining down the Strategic Petroleum Reserve at a time when there seems to be an imminent threat of direct military conflict seems insane to me.
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