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
sloaken12 hours 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
nikolay21 hours ago
Thank you for your attention to this matter. President DONALD J. TRUMP
dv_dt17 hours 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_cher14 hours ago
Are they just releasing it to keep oil prices falsely deflated or what?
should oil prices naturally be higher?
sloaken12 hours ago
Yes the price would be higher without the release. Typical Supply vs Demand. Simple Economics 101.
LKPB-BEARING18 hours ago
[dead]
gokuljs18 hours 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
inigyou2 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.
Jeremy102612 hours 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?
gokuljs11 hours 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
ahartmetz11 hours ago
You didn't get the feeling that he was a slimy liar from the way he talked?
Jeremy10268 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."
ipaddr5 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.
Sabinus2 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.
fragmede2 hours ago
The other unknowable question is: Would Harris have bombed Iran?
inigyou2 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
Sabinus2 hours ago
Why did you think that Biden had messed up the economy?
Jeremy102633 minutes ago
Probably saw the stickers on the gas pumps and figured they must be the whole story.