Ann: South Marsh Island 71 F4 Re-completion, page-6

50 Million bbls is less than 5 days of US production .
It will damp down prices for a short period but at the same times sends to the Market a signal that demand is slightly more than production .
In the Summer Covid abates so that may mean increased demand and not much chance to rebuild storage .

The Biden Administration seems to be caught up in a confusion of sometimes contradictory virtue signalling policies to satisfy conflicting commitments to their supporters .
Cheap petrol and demonising all fossil fuels are just not logical outcomes.

If the Vice President was to become the President then things would only get worse .