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re: Danger Zone - Strategic Petroleum Reserves

Posted on 5/13/26 at 12:39 pm to
Posted by Timeoday
Easter Island
Member since Aug 2020
24066 posts
Posted on 5/13/26 at 12:39 pm to
POTUS Trump is simply selling high for he knows the oil price is about to plummet.
Posted by AubieinNC2009
Mountain NC
Member since Dec 2018
7352 posts
Posted on 5/13/26 at 12:47 pm to
quote:

Why it wasn't reloaded while the prices were down I'm not sure.


Because the dems voted to prevent Trump from doing it
Posted by DeBoar
Member since Jan 2024
3142 posts
Posted on 5/13/26 at 12:50 pm to
quote:

POTUS Trump is simply selling high for he knows the oil price is about to plummet.


I agree, he knows something is about to change if he’s going to sell off high.
Posted by UtahCajun
Member since Jul 2021
6379 posts
Posted on 5/13/26 at 1:05 pm to
TBH, these drawdowns are exactly what the reserves were created for after the Agreement on International Energy in 1975.
Posted by Timeoday
Easter Island
Member since Aug 2020
24066 posts
Posted on 5/13/26 at 1:05 pm to
Even China is selling off.
Posted by Bob_Sugar
Member since Mar 2026
218 posts
Posted on 5/15/26 at 10:01 am to
quote:

What was the price of oil when the Biden Administration did the big SPR sale?


Roughly the same. Buying low and selling high is a pretty basic economic concept. It is more surprising that someone in the Biden admin thought about something other than transjingus.

But if you are trying to compare, the HUGE difference is that Trump took control of oil form Iran and Venezuela, who sell the majority of their oil to China.
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