TSX ETF Investor Centre
Drilling Like it’s $40 Oil
You know oil prices are high when the President of the United States releases reserves from the Strategic Petroleum Reserve (“SPR”) twice in less than a year. President Biden announced the first release of 50 million barrels (“Mbbl”) on November 23, 2021 and again in March of this year for another 1 million barrels a day over 6 months totaling another 180 million barrels – the largest release ever.