

Morning Sellside Bulls & Buyside Bears
Bullets from our oil market conversation last night, that was dominated by star guest Kathleen Kelley, but these comments are deliberately a mix of the observations made: Bearish: Biden Administration Energy Secretary Jennifer Granholm walkback comments regarding NOT rebuilding the Strategic Petroleum Reserve (this year), despite prices that have fallen below the $72/bbl floor at which she had said the US would start rebuilding. This further undermines what little credibility the Administration has with the…