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

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

19 points | by megamike 2 days ago

6 comments

  • nikolay 2 days ago
    Thank you for your attention to this matter. President DONALD J. TRUMP
  • 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

  • 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
  • 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?

    • sloaken 1 day ago
      Yes the price would be higher without the release. Typical Supply vs Demand. Simple Economics 101.
  • LKPB-BEARING 1 day ago
    [dead]
  • 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
    • inigyou 1 day 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.

    • 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?
      • 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
        • ahartmetz 1 day ago
          You didn't get the feeling that he was a slimy liar from the way he talked?
        • Jeremy1026 1 day 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 1 day 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 1 day 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 1 day ago
                The other unknowable question is: Would Harris have bombed Iran?
                • Sabinus 2 hours ago
                  Remember this is the internet, obvious sarcasm doesn't necessarily come across, and the understanding ingroup may be a fraction of the people that read it.
                • wojciii 1 day 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 10 hours 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.
          • inigyou 1 day 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
    • Sabinus 1 day ago
      Why did you think that Biden had messed up the economy?
      • Jeremy1026 1 day ago
        Probably saw the stickers on the gas pumps and figured they must be the whole story.