MacroVoices #334 Adam Rozencwajg: Understanding the Global Energy Crisis
Macro Voices
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What's Up With the White House's Time Spread?
The white house announced plans to be smarter about releasing oil from the s p r. The sales pitch is that by buying long dated futures or forwards, the government can push the front of the curve lower. It would also provide producers with an easy way to lock in prices to replenish the s pr later. But if they were really serious about this, what they would say is, ok, so from now on, we're not going to just release any oil out of the s p R willy nilly.
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