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FBaggins

(28,772 posts)

19. A very long time. The article exagerates reality somewhat

Reply to sakabatou (Reply #5)

Mon May 25, 2026, 09:35 PM

Monday

Last edited Mon May 25, 2026, 10:06 PM - Edit history (1)

The 18 million barrel drawdown was actually over the previous two weeks (rather than the reported one) and does not follow "several weeks of similar declines". In fact, the total drawdown from the recent high point is only about ten percent of the reserve (and that's after the Biden administration brought it down from over 600 million barrels to lower than where it is now.

Neither administration was actually handling it poorly. Peak oil prices are actually a great time to sell and then replace at much lower prices. Biden turned a significant profit on the decision and that's likely what we'll see here as well.

Unless the Gulf turns into a nightmare multi-year issue

https://ycharts.com/indicators/us_ending_stocks_of_crude_oil_in_the_strategic_petroleum_reserve

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Highlight:

America's Emergency Oil Reserve Is Shrinking Fast [View all] BumRushDaShow Monday OP

But we're energy independent... LakeVermilion Monday #1

We are and we do... but oil is fungible FBaggins Monday #17

How many days away from DJ making a deal with Russia for oil does anyone think that we are? littlemissmartypants Monday #2

"We have all the oil we need!" Someone once said not long ago... Grins Monday #6

Plan??? What plan??? BarbD Monday #8

Plan, nope, they had a concept. republianmushroom Monday #12

Seems like the way I'm having to use credit cards for just "living" slightlv Monday #3

During Biden popsdenver Monday #18

The ultimate objective is ... eringer Monday #4

How long until we get "We have no reserves left"? sakabatou Monday #5

A very long time. The article exagerates reality somewhat FBaggins Monday #19

The specific draw-down had already been announced in March BumRushDaShow Yesterday #24

As soon as he writes melm00se Yesterday #27

Yet, Trump is still selling America's oil and calling it 'revenue'? Norrrm Monday #7

Global commodity. There's no such thing as American oil or Saudi oil. paleotn Monday #10

Yeah! Once it hits the market. If it stayed in America............... Norrrm Monday #11

I wish that's how this worked but it isn't. paleotn Monday #13

Sounds reasonable. Norrrm Monday #14

BINGO................. popsdenver Monday #20

Most of the SPR is actually "sour" crude FBaggins Monday #23

Around 80% of US production is lighter grades with relatively less sulfer content. paleotn 22 hrs ago #28

Nevertheless... that isn't most of what is stored in the SPR FBaggins 22 hrs ago #29

Understood, but this side discussion wasn't about the SPR directly. paleotn 17 hrs ago #30

Considering the amount of supply that's offline due to "Donnie's big adventure" paleotn Monday #9

Not to worry. Soon, we'll be Great !! chouchou Monday #15

Kick dalton99a Monday #16

When we draw it down it goes on the market to be sold at whatever the market is at Cheezoholic Monday #21

But we have all that Venezuelan oil! Bayard Monday #22

Any word from the Republicans Historic NY Yesterday #25

My guess is that the sh*t will truly hit the fan when there are no_hypocrisy Yesterday #26