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Mike Sommers
American Petroleum Institute (president & CEO)
First call on the ledger
No calls filed yet. Quotes in curly quotation marks are verbatim; everything
else is a labeled paraphrase. Every call links its original source. Before you trust the call, check the record.
Where they stand
Views on the record but not scoreable bets: no single number and deadline to grade. Shown in their exact words, never scored.
API president on the strategic reserve. STANCE corrected bear->bull-oil per ledger convention; API lobbyist making a policy case
“The SPR is currently down to the lowest level it's been since 1983”
WTI crude since this was said: ▲ +6.2% · 79.26 → 84.19 · as of 2026-07-29
what the drawdown means. conditional risk warning, not a price forecast
“the shock absorbers that are built into the system are no longer there”
WTI crude since this was said: ▲ +6.2% · 79.26 → 84.19 · as of 2026-07-29
his count of the supply loss. API's own estimate; prices fell anyway, the puzzle he addresses
“Middle Eastern exports right now are down 41 percent”
WTI crude since this was said: ▲ +6.2% · 79.26 → 84.19 · as of 2026-07-29
the red line as he states it. lobbyist policy advocacy
“we can't end up with Iran controlling the Strait of Hormuz”
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