There's increasing chatter about the US government starting a "strategic Bitcoin reserve". But governments don't need to hold reserves of Bitcoin or gold. Read more
The article from Seeking Alpha titled "3 Things I Think I Think: Strategic Reserves" discusses the implications of the U.S. Strategic Petroleum Reserve (SPR) and its management. It highlights the recent decision by the Biden administration to release oil from the SPR to combat rising gasoline prices, which has led to a significant drawdown of the reserve. The author expresses concern over the SPR's current levels, noting that it's at its lowest since 1983, potentially compromising national energy security. The piece also touches on the broader implications of such releases, including the impact on oil prices, the political motivations behind the decision, and the need for a strategic refill plan. Additionally, the article critiques the lack of a coherent energy policy, suggesting that reliance on the SPR as a short-term solution might not address underlying issues like energy independence and the transition to alternative energy sources.
Politics & Government
Wed, December 11, 2024
