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re: We have 17 days of oil left in reserves.
Posted on 10/4/23 at 12:19 pm to tango029
Posted on 10/4/23 at 12:19 pm to tango029
quote:
The reason we needed a strategic reserve in the 1970's was because we didn't produce enough oil and required that oil to be imported.
You walked yourself directly into the year 2022. A year (you might remember it, it was only last year) where Potato was begging South American countries, that fundamentally hate us, for their dirty oil to be imported to augment domestic lags in production. A self inflicted wound I might add. Meanwhile his only answer was to force C level executives of the major oil companies onto Capitol Hill for hearings and threatening them with price gouging and market manipulation every other week. Thanks for bringing this full circle and putting your foot in your mouth.
This post was edited on 10/4/23 at 12:27 pm
Posted on 10/4/23 at 12:45 pm to Trevaylin
quote:
4% drop in crude price today, due to gasoline demand destruction. Was that due to EV's or folks have run out of money to fill the tank? Suspect the later.
End of summer driving?
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