2min chapter

The Café Bitcoin Podcast cover image

Bitcoin was Made for This & Swan Private Macro Friday - March 17th, 2023

The Café Bitcoin Podcast

CHAPTER

Is the US Producing More Oil Going Down?

At first oil was going down because the 50% depletion of the strategic petroleum reserve, but that stopped early this year. The word that I'm getting is that the US producers of oil have significantly stepped up their production. But we have not seen that in the news," he says. "I can certainly see some backdoor meetings and talks where the current administration found a way to convince the producers local to produce more"

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