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
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
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
Thank you for your attention to this matter. President DONALD J. TRUMP
Are they just releasing it to keep oil prices falsely deflated or what?
should oil prices naturally be higher?
Yes the price would be higher without the release. Typical Supply vs Demand. Simple Economics 101.
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
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?
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