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paleotn

(22,808 posts)

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

Mon May 25, 2026, 07:32 PM

Monday

20% of global production, this draw down of strategic reserves is but a drop in the barrel. The 17.8 million barrel weekly decline in reserves is around 2% of global consumption (roughly 103 million barrels per day / 721 million per week.) Demand at pre war levels is more than 40 times larger. It's not enough to do what was intended and puts the US in a weaker position if things get out of hand again. Which they very well could. Once again, Donnie and his clown posse think in terms of minutes. Long term, strategic thinking is alien to morons it seems. They've got to get the damn strait open. Donnie and Nuttyyahoo broke it. They damn sure better fix it fast.

Anecdotal, but in our comings and goings here in VT this holiday weekend, tourist traffic is way down. And it's not like we're far removed from major population centers. It's a 2.5 - 3 hour drive to the Boston suburbs. 3 - 4 hours to NYC. We're maybe just beyond a day drive from the most populated centers in the country. Seems people just aren't driving. Can't blame them.

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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 Yesterday #28

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

Understood, but this side discussion wasn't about the SPR directly. paleotn Yesterday #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