Joe Biden’s SPR Caper—A Triple Bogey

Back in the day we were a strong proponent of an aggressive build-up of the Strategic Petroleum Reserve (SPR). That’s because in the late 1970s the winning argument in Washington for all manner of insidious energy policy interventions—-synfuels subsidies, oil and gas price and allocation controls, mandatory energy efficiency standards, electrical grid mandates to buy […]

You need to login to view this content. David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself. David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly. This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life. SUBSRIBE NOW | SUBSCRIBE NOW