Biden to tap oil reserves in coordination with China, South Korea, Japan, India, and the UK (user search)
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  Biden to tap oil reserves in coordination with China, South Korea, Japan, India, and the UK (search mode)
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Author Topic: Biden to tap oil reserves in coordination with China, South Korea, Japan, India, and the UK  (Read 2461 times)
DINGO Joe
dingojoe
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« on: November 25, 2021, 07:28:13 PM »

The Strategic Petroleum Reserve in Jan 2017--695 million barrels
The Strategic Petroleum Reserve in Jan 2021--638 million barrels

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCSSTUS1&f=W

Idiots.  What an empty void you are.
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DINGO Joe
dingojoe
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« Reply #1 on: November 25, 2021, 08:22:46 PM »
The Strategic Petroleum Reserve stopped being "strategic" when we went from getting oil from the Middle East and Venezuela to getting oil from Canada and the US.  The oil stored in the SPR isn't particularly liked by refiners on the gulf coast living off a diet of fracked oil and can't reach refiners in the Midwest who get their oil from Canada.  It would take quite the Black Swan event to make Canadian oil unavailable. 

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DINGO Joe
dingojoe
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« Reply #2 on: November 26, 2021, 11:30:16 AM »
Oil is down about 12% today, so y'all should rush out and load up your trash cans.
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DINGO Joe
dingojoe
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« Reply #3 on: December 02, 2021, 09:48:54 AM »
Oil is now down 25% from their recent highs.  Fill up your bathtubs people
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