Strategic Petroleum Release, Strong Jobs, Fail To Ease the Markets
The U.S. consumes about 20.5 million barrels of oil daily. In fact, history has shown that declines in oil inventory (i.e., SPR releases) have had little impact on oil prices.
The U.S. consumes about 20.5 million barrels of oil daily. In fact, history has shown that declines in oil inventory (i.e., SPR releases) have had little impact on oil prices.
Markets are uneasy this morning as sanctions on Russia and Vladmir Putin's personal assets are causing doubts about future global economic growth.
There is a societal construct that perpetuates comparison among human beings. We are always trying to “keep up with the Joneses.” We often misconstrue “absolute returns” for “relative returns.” This mistake can many times lead us into making further mistakes with our investments.
Despite assurances from the Biden administration to the contrary and logical reasons for not invading Ukraine, Russia has just done the opposite. The invasion of Ukraine by Russia has set the world on uncertain footing and you know what the markets do with uncertainty?