Mike McGlone

speaker

230 appearances 31 recordings 1 series first heard Feb 2026 last heard 21 Aug

Mike McGlone’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 31 in all, peaking in Jun 2026 with 13.

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And then what we deal with crude oil, that's wholesale.

The key thing, though, is...

I think he's right.

Prices will go back down to where they were before the war.

But now we're in summer driving season.

That's when prices are typically high.

So by the time we get to midterms right now, it's $3.90.

I think we go back down to $2.90.

Bloomberg News Now · Stocks Close Lower, Fed Leaves Rates Unchanged, More · 17 Jun 2026 podcast

We don't need the Strategic Petroleum Reserve anymore.

It was set up in 1974 by President Ford to cover 90 days of net imports.

With Canada and U.S.

crude oil and liquid fuel surpluses running around 8 million barrels a day.

So you need it for things like wars and hurricanes.

You need it for things like wars and hurricanes, but it's like saying Saudi Arabia needs an SPR.

Now China does, and they've been liquidating some of their SPR, but it's massive.

We don't need the Strategic Petroleum Reserve anymore.

It was set up in 1974 by President Ford to cover 90 days of net imports.

With Canada and U.S.

crude oil and liquid fuel surpluses running around 8 million barrels a day.

So you need it for things like war.

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