I worry dramatically lowering inventories will be seen as bullish for prices by the market.

Joe McMonigle

I don't know of a single issue where he differs from the president.

I don't see any kind of groundswell for it.

Such a big number might provide some temporary relief from high prices.

The market's not really trading on fundamentals anymore. It's trading on the whims of the war and a guessing game, you have the fog of war and then you also have the fog of energy market.

I can assure you a situation like today was never practiced. This is a very challenging problem, i don't envy any of the decisionmakers here.

Prices are going to be high and very volatile for the foreseeable future, until one of two things happens.

If that number looks to be higher, not even necessarily a lot higher... you could see a pretty negative reaction in the market.

I'm talking to a lot of energy ministers, especially from consuming countries, who are quite concerned about high energy prices.