By Andrew Butter (Guest Post)
First impressions it looks suspiciously like the bold experiment to strut the power of USA as a player in the oil-price conundrum; looks set to be about as successful as the $4.7 trillion campaign to achieve, I still didn’t figure out quite what, in Iraq and Afghanistan….err…and perhaps Libya? The day-before IEA announced the release of two-million barrels of oil a day for a month, Brent closed at $113. A week later it closed at $112, i.e. it dropped 1% overall in a week. That’s hardly Mission Accomplished however you spin it, particularly compared, for example, to a…
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