Crude Oil has 43 days of supply left in the U.S. — the lowest inventory in 45 years @barchart.com ⛽️
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Hey Ma, what's left? Gawbage, son. Gawbage. www.eia.gov/todayinenerg...
What are tank bottoms? - U.S. Energy Information Administration (EIA)www.eia.govWhile the price of oil/gas has gone up here in the US, we actually haven’t felt the full impact of this war. Our govt has been using our oil reserves to lessen the blow, but now those oil reserves are running increasingly low that we’re not going to have any to limit the impact of this war by winter
Another failed trump promise Trump failed to fulfil the vow he made in his inauguration speech last year to “refill our reserves right up to the top again”. The Trump administration had missed the opportunity to refill the reserve last year when oil was cheaper
Also, this is not even an original observation, this guy wrote a song and made a music video about it youtu.be/vFT7fZA3ybw?...
We went from Biden, master oil trader, to Trump, incompetent oil loser. From the Marxists at … checks notes .. @wsj.com www.wsj.com/business/ene...
In Jan 2022 when Biden released some reserves (which were replaced at a lower cost) www.foxbusiness.com/video/628778...
So, Obama built it up and Trump pissed it away
@schiff.senate.gov @sanders.senate.gov @klobuchar.senate.gov @wyden.senate.gov @merkley.senate.gov @warren.senate.gov @ocasio-cortez.house.gov @vanhollen.senate.gov @crockett.house.gov @khanna.house.gov
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I guess the US strategic reserve oil reservoirs will be sold to data centre providers when they become empty in 45 days or so. I'm sure that'll be: all good. Oh, winter's coming soon enough.
You mean the SPR - the strategic petroleum reserve? No, he's been draining that the entire fucking time... finance.yahoo.com/energy/artic...
Europe Emerges As Key Buyer Of U.S. Strategic Petroleum Reserve Oil oilprice.com/Energy/Crude...
www.ttnews.com/articles/us-... U.S. Ships Millions of Reserve Oil Barrels Overseas Amid War
energyindemand.com/2024/07/11/c... 2024:
The market will drive it unless there are massive government subsidies. Even ERCOT is betting on solar, wind, and batteries. US BATTERY STORAGE: ERCOT surpasses CAISO in Q2 for most operating battery storage capacity in US | S&P Global share.google/0FADS5uxyDoS...
share.googleAll trump supporters are vile scum! "Record wind output helps shield the UK from worst of Iran war fallout" www.reuters.com/business/ene... www.latimes.com/business/sto... Shit humans support Trump. Every Republican at every level needs to be voted out.
Also, 45 days supply means enough oil to supply the US market for 45 days assuming no US oil production, but we do have oil production, so it would only be needed to fill the gap (on the other end of it, not all of that inventory is usable, it needs to remain in the pipes and tanks or they’ll break)
No. It is not how much oil there is. It's how much cheap oil there is. Everyone besides MENA is pumping and moving normally. Prices will just skyrocket because of the ratio of light (US, Venezuela, etc) with heavy (Europe, China) will change. MENA has medium crude, so a lower ratio, cheaper gasoline
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