Oil Investor: Oil Reserve Drawdown Is Like Playing Musical Chairs; Prices Will Soar After Midterms

Stefania Cox
By Stefania Cox
October 25, 2022NTD Evening Newsshare

Founder and president of King Operating Corporation Jay Young told NTD that President Joe Biden’s drawdown of the Strategic Petroleum Reserve is like playing musical chairs. Young says in the period after the midterm elections, there won’t be enough oil left to meet demand.

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