…oil exports, we were able to add surplus oil to our stored commercial crude supplies for the 6th time in 19 weeks and for the 15th time in the past…

…we were able to add surplus oil to our stored commercial crude supplies for the 7th time in 20 weeks and for the 16th time in the past forty-five weeks…

…it looks that the culprit has been that item labeled in the National Incone and Product Accounts, “changes in inventories.” Negative numbers played a crucial role back then and this…

…from this, is a common MMT-driven misconception: that the private sector can only “save” if government runs deficits (and/or there’s a balance-of-trade surplus). This whole post serves to confound that understanding. Bank…