US Oil Reserve At 44 Year Low: What Three Signals Reveal

The US strategic petroleum reserve has fallen to its lowest level since 1982 after 26 consecutive weeks of withdrawals. Felix Nikolas Prehn, an economist and former investment banker, argues this drawdown is not about supply shortages but about suppressing the oil price to keep inflation figures manageable while the government prepares to print more money. He links the reserve depletion to two other developments: the US Treasury doubling its own debt buybacks to four billion dollars per opera...