5 ms·

Strategic Oil Reserves Down to a Record Low Two-Week Supply

23 points by megamike 2mo ago

According to the Energy Information Agency, the Weekly U.S. Ending Stocks of Crude Oil in the Strategy Petroleum Reserve (SPR) are at the lowest level since 1982. https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCSSTUS1&f=W

nikolay 2mo ago
Thank you for your attention to this matter. President DONALD J. TRUMP
gokuljs 2mo ago
wtf is wrong with trump serioulsy. This guys simple wanted to create chaos everywhere. I thought he would come and fix the economy because the previous administration messed it up. Then this guy comes and makes it even worse
- Jeremy1026 2mo ago
  Yes, Biden didn't artificially make number go up. But he definitely didn't mess up the economy. In a global look at the economy the US fared better than most other countries in what was a global downturn after the post-COVID free-money boom tailed off. But yeah, Trump has shown in the past over and over that he is definitely the person to make sure things are done financially responsibly. From his dozens of bankruptcies, known history of not paying contractors and lawyers, and his multiple lawsuits for being a slumlord. So how could you have seen this coming?
  - gokuljs 2mo ago
    Dude, I did not know Trump past that much. The belief was that this guy is a businessman he will take the necessary steps to make things better. but later I Came to know fuck this all happend
    - ahartmetz 2mo ago
      You didn't get the feeling that he was a slimy liar from the way he talked?
    - Jeremy1026 2mo ago
      So rather than doing the bare minimum amount of research into who would be leading the country for four years, you just figured "dude was a businessman, I'm sure it'll be fine."
      - ipaddr 2mo ago
        Imagine what life would be like under the other person probably troops in the Ukraine and restrictions on AI. With no good choices it doesn't matter who you vote for because they all represent the uniparty and you aren't part of that.
        Sabinus 2mo ago
        There's zero indication Harris would have put US boots on the ground in Ukraine or more onerous AI restrictions than Trump. And neither of those things comes close to causing a recession from a war of choice, or all the illegal tariffs.
        fragmede 2mo ago
        The other unknowable question is: Would Harris have bombed Iran?
        wojciii 2mo ago
        There wouldn't be rampant government corruption with a different leadership. It's your two party system at its best. The one part brings stupidity, guns and chaos to the party and the other part cleans up afterwards. You really should purge the corrupt politicians before doing anything else.
        inigyou 2mo ago
        Whoa there. Both parties are rampantly corrupt. However, one is a million times more rampantly corrupt than the other. And one values stability and peace and quiet (while siphoning off money) while the other values flinging shit at the wall to see what sticks.
    - operatorius 2mo ago
      > I Came to know fuck this all happend I guess it's time to watch: Can't Get You Out of My Head: An Emotional History of the Modern World by Adam Curtis
- Sabinus 2mo ago
  Why did you think that Biden had messed up the economy?
  - Jeremy1026 2mo ago
    Probably saw the stickers on the gas pumps and figured they must be the whole story.
  - MaxHoppersGhost 2mo ago
    Unchecked illegal immigration leading to wage/housing cost pressure, unmitigated spending driving inflation (which Trump has continued) via unnecessary stimulus, high oil prices causing everything to cost more not just the price at the pump.
- inigyou 2mo ago
  He's always been like this. Glad you eventually learned. Some other people don't. There were people telling you this the whole time, so it might be a good idea to think hard about why you didn't listen to them.
LKPB-BEARING 2mo ago
[dead]
dv_dt 2mo ago
reading some reports the operators of the supply were asked to evacuate pulling oil out below the levels at which the strategic petroleum reserve holding caverns could likely suffer long term damage to holding capacity
the_real_cher 2mo ago
Are they just releasing it to keep oil prices falsely deflated or what? should oil prices naturally be higher?
- sloaken 2mo ago
  Yes the price would be higher without the release. Typical Supply vs Demand. Simple Economics 101.
sloaken 2mo ago
What is important to look at is what the world events are that caused it to drop over the last 10 years. https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCSSTUS1&f=W https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=W... To summarize the December numbers from each of the last 10 years: 2016 695M 2017 663M 2018 649M 2019 634M 2020 638M 2021 595M 2022 375M 2023 353M 2024 393M 2025 413M Today: 307M
dzonga 2mo ago
the levels of market manipulation happening right now due to state actors has never been seen before. this in regards to oil prices, then currency. however the wave will break the levee & the whole town will be underwater.

23 points by megamike 2mo ago

nikolay 2mo ago

Thank you for your attention to this matter. President DONALD J. TRUMP

gokuljs 2mo ago

wtf is wrong with trump serioulsy. This guys simple wanted to create chaos everywhere. I thought he would come and fix the economy because the previous administration messed it up. Then this guy comes and makes it even worse

Jeremy1026 2mo ago
Yes, Biden didn't artificially make number go up. But he definitely didn't mess up the economy. In a global look at the economy the US fared better than most other countries in what was a global downturn after the post-COVID free-money boom tailed off. But yeah, Trump has shown in the past over and over that he is definitely the person to make sure things are done financially responsibly. From his dozens of bankruptcies, known history of not paying contractors and lawyers, and his multiple lawsuits for being a slumlord. So how could you have seen this coming?
- gokuljs 2mo ago
  Dude, I did not know Trump past that much. The belief was that this guy is a businessman he will take the necessary steps to make things better. but later I Came to know fuck this all happend
  - ahartmetz 2mo ago
    You didn't get the feeling that he was a slimy liar from the way he talked?
  - Jeremy1026 2mo ago
    So rather than doing the bare minimum amount of research into who would be leading the country for four years, you just figured "dude was a businessman, I'm sure it'll be fine."
    - ipaddr 2mo ago
      Imagine what life would be like under the other person probably troops in the Ukraine and restrictions on AI. With no good choices it doesn't matter who you vote for because they all represent the uniparty and you aren't part of that.
      - Sabinus 2mo ago
        There's zero indication Harris would have put US boots on the ground in Ukraine or more onerous AI restrictions than Trump. And neither of those things comes close to causing a recession from a war of choice, or all the illegal tariffs.
        fragmede 2mo ago
        The other unknowable question is: Would Harris have bombed Iran?
        wojciii 2mo ago
        There wouldn't be rampant government corruption with a different leadership. It's your two party system at its best. The one part brings stupidity, guns and chaos to the party and the other part cleans up afterwards. You really should purge the corrupt politicians before doing anything else.
        inigyou 2mo ago
        Whoa there. Both parties are rampantly corrupt. However, one is a million times more rampantly corrupt than the other. And one values stability and peace and quiet (while siphoning off money) while the other values flinging shit at the wall to see what sticks.
  - operatorius 2mo ago
    > I Came to know fuck this all happend I guess it's time to watch: Can't Get You Out of My Head: An Emotional History of the Modern World by Adam Curtis
Sabinus 2mo ago
Why did you think that Biden had messed up the economy?
- Jeremy1026 2mo ago
  Probably saw the stickers on the gas pumps and figured they must be the whole story.
- MaxHoppersGhost 2mo ago
  Unchecked illegal immigration leading to wage/housing cost pressure, unmitigated spending driving inflation (which Trump has continued) via unnecessary stimulus, high oil prices causing everything to cost more not just the price at the pump.
inigyou 2mo ago
He's always been like this. Glad you eventually learned. Some other people don't. There were people telling you this the whole time, so it might be a good idea to think hard about why you didn't listen to them.

LKPB-BEARING 2mo ago

[dead]

dv_dt 2mo ago

reading some reports the operators of the supply were asked to evacuate pulling oil out below the levels at which the strategic petroleum reserve holding caverns could likely suffer long term damage to holding capacity

the_real_cher 2mo ago

Are they just releasing it to keep oil prices falsely deflated or what? should oil prices naturally be higher?

sloaken 2mo ago
Yes the price would be higher without the release. Typical Supply vs Demand. Simple Economics 101.

sloaken 2mo ago

What is important to look at is what the world events are that caused it to drop over the last 10 years. https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCSSTUS1&f=W https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=W... To summarize the December numbers from each of the last 10 years: 2016 695M 2017 663M 2018 649M 2019 634M 2020 638M 2021 595M 2022 375M 2023 353M 2024 393M 2025 413M Today: 307M

dzonga 2mo ago

the levels of market manipulation happening right now due to state actors has never been seen before. this in regards to oil prices, then currency. however the wave will break the levee & the whole town will be underwater.