Fuel-Demand Rationing May Be Needed, BofA's Blanch Says

The transcript discusses the challenges faced by the US administration due to refining capacity issues and the potential actions that can be taken, such as releasing petroleum from the Strategic Petroleum Reserve (SPR). It highlights the low levels of commercial and government inventories and suggests possible solutions like demand rationing and fuel subsidies. The conversation also touches on the global implications of these measures, particularly in the context of actions against Russia.

What is one action the U.S. President might take to address refining capacity issues?

• Build new refineries

• Increase oil imports

• Release petroleum from the SPR

• Ban oil exports

What is a suggested measure to manage low inventory levels?

• Export more oil

• Reduce oil prices

• Implement demand rationing

• Increase oil production

Which of the following is a potential action to help manage fuel demand?

• Encouraging private vehicle use

• Subsidizing fuels

• Increasing highway speed limits

• Reducing public transport

What might be a global consequence of the measures against Russia?

• Increased oil production

• Demand rationing in some regions

• Lower fuel prices worldwide

• More oil exports from Russia

Which part of the world is likely to experience demand rationing due to current measures?

• Australia

• South America

• Europe

• United States