OIL, STRATEGIC RELEASE, GAME THEORY AND REALPOLITIK
PETRO-STATES CAN’T MESS WITH UNCLE SAM
2021-11-25 10:47
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Von Neumann's Game Theory can model strategic behaviour in the global oil market, as once Admiral Yamamoto used it to model the Japanese attack on Pearl Harbour and the IDF used it to model Israel's pre-emptive strike against Nasser's Egypt in June 1967. So the US strategic reserves release signals the Biden White House's displeasure with petro-inflation. Biden's move was priced into the oil market, the reason Brent fell from 86 to 78 since early November.