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Strategic Oil Reserves Down to a Record Low Two-Week Supply

23 points by megamike ↗ HN
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

11 comments

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nikolay
Thank you for your attention to this matter. President DONALD J. TRUMP
gokuljs
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
Jeremy1026
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?
Sabinus
Why did you think that Biden had messed up the economy?
MaxHoppersGhost
Unchecked illegal immigration leading to wage/housing cost pressure, unmitigated spending driving inflation (which Trump has continued) via unnecessary stimulus, high oil prices causing everything to cost more not just the price at the pump.
inigyou
He's always been like this. Glad you eventually learned. Some other people don't.

There were people telling you this the whole time, so it might be a good idea to think hard about why you didn't listen to them.

dv_dt
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
the_real_cher
Are they just releasing it to keep oil prices falsely deflated or what?

should oil prices naturally be higher?

dzonga
the levels of market manipulation happening right now due to state actors has never been seen before.

this in regards to oil prices, then currency.

however the wave will break the levee & the whole town will be underwater.