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BumRushDaShow

(172,615 posts)

24. The specific draw-down had already been announced in March

Reply to FBaggins (Reply #19)

Tue May 26, 2026, 06:24 AM

23 hrs ago

https://www.democraticunderground.com/10143630864
https://www.democraticunderground.com/10143663898

After Biden's releases, the plan by DOE was to buy to refill when the price steadied around $70 - $75/bbl (which it did and they had started buying at some point) -

https://www.democraticunderground.com/10143211227 (note that some of the earlier Biden releases had been canceled)
https://www.democraticunderground.com/10143253559
https://www.democraticunderground.com/10143330382

When 45 got in, the filling continued for a bit and was then halted - https://finance.yahoo.com/news/us-not-complete-oil-deliveries-021647988.html

SPR

Monthly Status (last updated a month ago and will probably be updated this week) - https://www.energy.gov/hgeo/opr/spr-quick-facts

CURRENT (May 15) - https://www.spr.doe.gov/dir/dir.html

History of sales - https://www.energy.gov/hgeo/opr/history-spr-releases

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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 23 hrs ago #24

As soon as he writes melm00se 21 hrs ago #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 15 hrs ago #28

Nevertheless... that isn't most of what is stored in the SPR FBaggins 15 hrs ago #29

Understood, but this side discussion wasn't about the SPR directly. paleotn 10 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 22 hrs ago #25

My guess is that the sh*t will truly hit the fan when there are no_hypocrisy 22 hrs ago #26