Independent thinking for complex markets and current events
🚨 BREAKING: The Strategic Petroleum Reserve has just fallen to its lowest level since August 1983- 340.3mb. That's a 42 yr low. No matter where you stand politically, it's a remarkable statistic: America's emergency oil stockpile hasn't been this depleted since the Reagan era. — Patrick De Haan (@GasBuddyGuy) June 15, 2026 The US keeps …
The size of the Chinese strategic petroleum reserve is mind blowing: larger than US + Japan + the whole of Western Europe COMBINED byu/RobertBartus inEconomyCharts
U.S. WILL RELEASE 172 MILLION BARRELS OF OIL FROM THE STRATEGIC PETROLEUM RESERVE, THE DEPARTMENT OF ENERGY ANNOUNCED. — First Squawk (@FirstSquawk) March 11, 2026 Factcheck: Multiple reputable outlets reported on March 11–12, 2026 that the U.S. Department of Energy will release 172 million barrels of oil from the Strategic Petroleum Reserve (SPR). At the …
Remember when Trump wanted to refill it while oil was cheap and Chuck Schumer said that would be a "give away to big oil?" — Wirra (@wirraone) September 25, 2024
Over the past week, multiple stories have appeared in the media with headline phrases like “The U.S. is refilling the Strategic Petroleum Reserves.” However, this is misleading at best. To recap, the SPR is maintained by the U.S. Department of Energy, and its oil stocks are stored in huge underground salt caverns at four sites …
President Biden Is Ready to Use the SPR Again If Needed. President Biden will use crude oil from the strategic petroleum reserve should the need arise, energy adviser Amos Hochstein has said, noting there was enough oil in the reserve. “We have been replenishing into the SPR for the last several months. I think we …
Amidst Biden’s decision to deplete the U.S. Strategic Petroleum Reserve (SPR), China has amassed more oil reserves than the United States. https://twitter.com/amuse/status/1787166197080825967
by confoundedinterest17 Bidenomics is really about insane money printing after Covid and the installation of Biden as President. Biden and The Federal Reserve are both pushin’ too hard. Biden to fundamentally change the US and The Fed trying to cope with the inflation reaction. With Covid and then Biden’s selection as President, Federal outlays exploded …
“According to Reuters, the US currently has just 17 days of supply left in the Strategic Petroleum Reserves (SPR). This is roughly half the historical average of ~33 days dating back to 1990. Meanwhile, oil prices are still almost 30% above the target price the US set to refill them. Tomorrow, an OPEC meeting kicks …
The rising gas prices are causing a familiar concern for Americans as they approach the $4.00 mark once again, reminiscent of the situation in August 2022. However, a key difference is that back in August 2022, the US Strategic Petroleum Reserves (SPR) had 100 million more barrels of oil in its arsenal, providing a cushion …
by confoundedinterest17 Its hard to watch Biden and The Progressive Greens destroy the enegy security of this great nation. Biden is draining the Strategic Petroleum Reserve, probably in a misguided attempt at ensuring we never go back to abundent petroleum again. Crude oil inventories are now the lowest since 1985. Authored by Simon White, Bloomberg …
The Biden administration has canceled an offer to buy 6 million barrels of oil to replenish America’s Strategic Petroleum Reserve (SPR), multiple outlets have reported. Last year, President Biden drew criticism when he sold off 180 million barrels of oil from the SPR, resulting in a near 4-decade reserve low, which he claimed helped to …
by confoundedinterest17 Josef Stalin of the old Soviet Union used to be called County Joe. But Biden has so many possible nicknames: Corrupt Joe, Pay-for-play Joe, Sleazy Joe, Bully Joe, etc. How about Green Joe? Green Joe (or the Nasty Green Giant?) along with his energy goon Jennifer Granholm, have drained the strategic petroleum reserve …
by confoundedinterest17 Jared Bernstein was VP Joe Biden’s former Chief Economist and is now chair of the United States Council of Economic Advisers. Pretty impressive! Except that Bernstein is not really an economist. He has a PhD in social welfare from Columbia University. In other words, Bernstein is a Progressive Marxist cheerleader, not a real …
by confoundedinterest17 So far, President Biden has drained almost 50% of the Strategic Petroleum Reserve (SPR) under his Reign of Error. And regular gasoline prices are up 48% since Biden assumed the Presidency on Jan 20, 2021. We have massive caverns for oil storage that are sitting empty. Then we have the US Dollar, down -12.5% …
by confoundedinterest17 What is Bidenomics? It isn’t what Press Secretary Karine Jean Pierre thinks. She said Biden hates “trick down economics”. Instead, Biden prefers a Soviet-style command economy where The Federal Government spends trillions of dollars and directs where the money goes. We also have the Socialist Federal Reserve that relies on rate manipulation to …