Quote Originally Posted by time4fun View Post
In fairness here, Presidents have almost no control over oil and gas prices. Biden did release a record amount from our reserves, but even that is just a metaphorical drop in the bucket.

The same with the inflation going on. There's very little of it that we have any actual control over- it's a global phenomenon.

No matter how many bills Democrats falsely imply will lower inflation, there's really only so much that can be done
The amount released from the SPR eclipsed the amount of Russian oil our country received and as other countries started receiving much more Russian oil, it pared with other negotiated releases or increases of production actually exceeded the loss of Russian oil on the market. That is why price moves by speculators were overwhelmed by the bearish price route. Not to mention oil companies destroyed demand.