Oil Could Surge Well Above $100 After Midterms
With everyone obsessing over UK lettuce and the Fed blowing up the US economy, there was not enough digital ink to discuss the supreme irony of Biden unleashing another release of oil from the Midterm Petroleum Reserve and... oil surging. Unfortunately for the ever more addled president, this is just the start. On Wednesday, Amrita Sen, co-founder and research director at consultants Energy Aspects, said on Bloomberg TV that the market risks losing Russian barrels in December as EU restrictions on imports and shipping potentially dissuade tanker…