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

Posted by megamike 1 day 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

Comments

Comment by sloaken 1 day 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=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

Comment by nikolay 1 day ago

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

Comment by dv_dt 1 day 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

Comment by the_real_cher 1 day ago

Are they just releasing it to keep oil prices falsely deflated or what?

should oil prices naturally be higher?

Comment by sloaken 1 day ago

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

Comment by LKPB-BEARING 1 day ago

[dead]

Comment by gokuljs 1 day 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

Comment by Jeremy1026 1 day 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?

Comment by gokuljs 1 day 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

Comment by ahartmetz 1 day ago

You didn't get the feeling that he was a slimy liar from the way he talked?

Comment by Jeremy1026 23 hours 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."

Comment by ipaddr 20 hours 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.

Comment by Sabinus 17 hours 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.

Comment by fragmede 17 hours ago

The other unknowable question is: Would Harris have bombed Iran?

Comment by wojciii 12 hours 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.

Comment by inigyou 17 hours ago

everyone starts somewhere. Maybe the guy is 18 under this Trump and voting for the first time, so 14 under Biden and 10 under last Trump

Comment by inigyou 17 hours 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.

Comment by Sabinus 17 hours ago

Why did you think that Biden had messed up the economy?

Comment by Jeremy1026 15 hours ago

Probably saw the stickers on the gas pumps and figured they must be the whole story.