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kmelby33 t1_j0lh1cg wrote

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NormalChannel t1_j0m54oj wrote

This may state otherwise. This was in October and was intended to have an effect around now, but of course, the President can't just do one thing and-BAM-prices stablize. Markets and Production Cycles etc.

https://www.npr.org/2022/10/18/1129788081/biden-to-release-another-15m-barrels-from-strategic-reserve

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kmelby33 t1_j0m5xt0 wrote

Lol. That's a tiny amount compared to what we consume per day. Gas is falling because of increased supply and lower demand worldwide.

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NormalChannel t1_j0m8f5b wrote

Yeah, you're right.

Though what is lowering demand? Could a part of it be China's zero covid policy?

Because it would be interesting to know.

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