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Started By
Message
Oil at $57.50 a barrel. Trump is buying.
Posted on 10/21/25 at 7:12 pm
Posted on 10/21/25 at 7:12 pm
Strategic petroleum reserve was depleted by Biden.
Trump administration begins replenishment.
Trump administration begins replenishment.
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7
Posted on 10/21/25 at 7:17 pm to TrueTiger
getting ready for some strategery ....
Posted on 10/21/25 at 7:36 pm to TrueTiger
What's the spread between sales price and purchase price? Not that I agree with the selloff.
Posted on 10/21/25 at 7:38 pm to CubsFanBudMan
I would be interested to know as well.
Posted on 10/21/25 at 7:46 pm to TrueTiger
1 million???… the US uses 20 million barrels a day…
Posted on 10/21/25 at 7:54 pm to lepdagod
API
Crude -2.980 million
Gasoline -236,000
Distillates -974,000
Crude -2.980 million
Gasoline -236,000
Distillates -974,000
Posted on 10/21/25 at 7:57 pm to OU Guy
“The oil and gas industry worldwide are underinvesting in sustaining capital by $2 Billion per day…it begins to make a difference in 2027 & 2028.” - Rick Rule
Posted on 10/21/25 at 7:59 pm to CubsFanBudMan
IMO we shouldn't be paying full price for our nations natural resources for filling a strategic need. It belongs to us all. Pay for getting out, and a little something for their troubles, but that's it.
Posted on 10/21/25 at 8:04 pm to cadillacattack
quote:
strategery
LOL, fondly remember Rush using that term from one of the Democrat politicians of the day!
Posted on 10/21/25 at 8:06 pm to TrueTiger
IIRC Joe Biden bought oil for the reserve when gas was $5 a gallon
Posted on 10/21/25 at 8:13 pm to SaintsTiger
Yeah even worse Dems blocked replenishment of the SPR by Drumpf in his first term.
Posted on 10/21/25 at 8:17 pm to TrueTiger
Price too low to keep the oil patch solvent. Need around $70/barrel oil. Good for oil producers and don't kill you at the pump.
Posted on 10/21/25 at 8:17 pm to Jbird
Dems blocked Trump from loading up. Biden depleted the stocks before the 2022 midterms when gas prices were out of control in an attempt to influence the election. Then the Dems filled it back up for a cost way higher than when they blocked Trump.
Posted on 10/21/25 at 8:24 pm to OU Guy
quote:
API
Crude -2.980 million
Gasoline -236,000
Distillates -974,000
U.S. Energy Information Administration
20.25 million barrels a day
Posted on 10/21/25 at 8:26 pm to lepdagod
So leave it empty? What’s your solution?
Posted on 10/21/25 at 9:31 pm to goatmilker
quote:
So leave it empty? What’s your solution?
You know this doesn’t mean buying actual barrels of oil huh??
Posted on 10/21/25 at 9:34 pm to TrueTiger
Buy low, sell high. That’s the Trump way. Glad we have adults back in charge.
Posted on 10/21/25 at 9:38 pm to TrueTiger
quote:
The U.S. Strategic Petroleum Reserve currently holds approximately 409 million barrels of crude oil, with a maximum capacity of 714 million barrels.
I believe he will be buying 1million bbl for the next 714 days.
This post was edited on 10/21/25 at 9:40 pm
Posted on 10/21/25 at 9:41 pm to lepdagod
Usage per day has nothing to do with the SPR unless you are a Turnip using it to try to win an election.
Posted on 10/21/25 at 9:51 pm to HagaDaga
quote:
IMO we shouldn't be paying full price for our nations natural resources for filling a strategic need. It belongs to us all. Pay for getting out, and a little something for their troubles, but that's it.
Full price for oil is bad, but artificially inflated prices for crops like corn is good, right?
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