Washington’s oil lever is depleted, John Divine says the next move is in the VIX and natural gas

We are officially defenseless against oil shocks. The Strategic Petroleum Reserve has been drained to a 40-year low of 285 million barrels—just 40% of capacity. This emergency lever is now "basically drained," meaning the government is powerless to use it to lower prices at the pump. Despite record diesel costs, the one tool meant to protect consumers is effectively broken. Is the SPR now a useless relic, or is there another way to stop the bleeding? What’s your take?
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