(Bloomberg) — A U.S. government report coming out Tuesday may determine whether the Biden Administration decides to release crude from the Strategic Petroleum Reserve. Administration officials will likely be looking for a significant revisions to price forecasts and the balance of supply and demand from from last month’s Short Term Energy Outlook before making a decision. Last month it predicted that oil and gasoline prices would start to fall at the end of this year and slide .further next year as the market returns to a surplus. The monthly report is watched closely by traders and policy makers. Since it was last published on October 13, U.S. benchmark crude oil briefly surged above $85 a barrel as global demand has recovered far more swiftly from the pandemic in contrast to energy production. NN: If Biden wants a chance in the midterm elections less then a year away he has got to get oil prices down. Two simple ways to do this.. Open up fracking and the pipelines he shut down by presidential decree. And release oil from the strategic stock pile. In a matter of weeks he will have cooked OPEC’s goose and pries will plunge….