In the last 2 years the US has released 300 million barrels of oil from its Strategic Petroleum Reserves - it uses a total of about 18 million per day. They have about 350 million remaining in the SPR. The SPR cannot be allowed to go to zero. But how low can it go before they decide to stop releasing....or refill it? And what happens to the price if oil then?
Good Podcast as usual. Just to say again, be careful what you wish for with planning reform, they tried it a few years ago with the SHDs and all it led to was mass litigation and delays. What was wrong with the planning system (in terms of delivering units) up to the crash in 2008 I'll never know, but everyone seems to think it should be reformed. Oh and if such major reform is contemplated you would normally expect it to be in a Party's manifesto. Be careful what you wish for! The problems with housing delivery are all economic, viability etc. I don't think I'd trust a builder as far as I could throw em, nevermind listen to their self serving policy recommendations.
Oil heading towards $100 may mean the good news on inflation is over. With more bad news on interest rates to come.
In the last 2 years the US has released 300 million barrels of oil from its Strategic Petroleum Reserves - it uses a total of about 18 million per day. They have about 350 million remaining in the SPR. The SPR cannot be allowed to go to zero. But how low can it go before they decide to stop releasing....or refill it? And what happens to the price if oil then?
One other comment on Ukraine, I've always like your forthrightness on standing with Ukraine Chris but as we now head towards a stalemate it must be time to make peace and save Ukraine and its people, the following is a must read, https://hitchensblog.mailonsunday.co.uk/2023/09/time-to-seek-peace-in-ukraine.html
Good Podcast as usual. Just to say again, be careful what you wish for with planning reform, they tried it a few years ago with the SHDs and all it led to was mass litigation and delays. What was wrong with the planning system (in terms of delivering units) up to the crash in 2008 I'll never know, but everyone seems to think it should be reformed. Oh and if such major reform is contemplated you would normally expect it to be in a Party's manifesto. Be careful what you wish for! The problems with housing delivery are all economic, viability etc. I don't think I'd trust a builder as far as I could throw em, nevermind listen to their self serving policy recommendations.