The White House threw up a test balloon earlier this week, suggesting that it could refill the SPR when oil sinks below $80–according to Bloomberg, citing an anonymous WH source. The point ostensibly would be to protect U.S. crude production growth and keep prices from plummeting by creating artificial demand via refilling the SPR to the tune of more than a hundred million barrels. (This would be at a time when inventory is currently at only 434 million barrels, compared…
