Biden’s oil and gas lease pause, adds $US 13.00 per barrel to West Texas intermediate grade
About the author:
- Author name:
- By Michael Knox
- Job title:
- Chief Economist and Director of Strategy
- Date posted:
- 07 October 2021, 12:00 PM
I discuss how our model of the US oil price is based on EIA oil stocks, and the pause announcement. The chance of the pause announcement having no impact on the oil price is 2 chances in 10,000.
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