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Make7

(8,545 posts)

10. SPR Inventory: Feb 25, 2022 ＝ 580 million barrels; July 19, 2024 ＝ 374 million barrels

Reply to BumRushDaShow (Original post)

Mon Jul 29, 2024, 06:20 PM

Jul 29

So "replenished" now means 206 million fewer barrels of oil?

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCSSTUS1&f=W

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Highlight:

Biden administration says it has replenished strategic oil reserve after Russia war drawdown [View all] BumRushDaShow Jul 29 OP

Good. Maybe they can flood the price lower in November. bucolic_frolic Jul 29 #1

Or at least prevent the Saudis from driving the price higher in an October Surprise. Nt Fiendish Thingy Jul 29 #2

One possible counter to that BumRushDaShow Jul 29 #4

Smart..Sell high, buy low...nt mitch96 Jul 29 #3

The price is not low. former9thward Jul 29 #12

I didn't buy any gasoline this weekend, but I used some for gardening. ffr Jul 29 #5

Just one of Joe's significant achievements that got no traction in the press or with the public. not fooled Jul 29 #6

And he muted the "drill baby drill" nonsense that the GOP has used for talking points for years BumRushDaShow Jul 29 #8

"the administration ... worked with Congress to cancel 140 million barrels in planned sales". n/t Igel Jul 29 #9

So actually made a profit at that, also relayerbob Jul 29 #7

SPR Inventory: Feb 25, 2022 ＝ 580 million barrels; July 19, 2024 ＝ 374 million barrels Make7 Jul 29 #10

Here another EIA report as FYI BumRushDaShow Jul 29 #11

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