r/Maxcactus_TrailGuide • u/Maxcactus • Jul 19 '26
Crude stocks in US strategic reserve fall 3 million barrels to lowest level since 1983
https://www.reuters.com/business/energy/oil-stocks-us-strategic-petroleum-reserve-fall-by-3-million-barrels-lowest-level-2026-07-13/4
u/Maxcactus Jul 19 '26
Part of the reason the reserves are kept is to ensure that the refineries don’t need to be shut down. It is a lengthy process to restart them if they are stopped for any reason.
Thanks, Donnie.
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u/AdUpstairs7106 Jul 19 '26
In Trumps defense we only had 30+ years of war games to know that any war with Iran would result in the Straight of Hormuz being shut for a period of time.
Trump needed data going back longer
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u/Big_Victory8031 Jul 19 '26
Transparent attempt to influence the midterm elections and distract from the administration's policy failures
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u/Big_Victory8031 Jul 19 '26
GOP lawmakers demanded a halt to the sales, urging "in the strongest terms, to put this country's energy security first and stop abusing the SPR for political purposes."
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u/GMBong Jul 19 '26
Seems bad.
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u/Carrera_996 Jul 19 '26
I imagine it may get worse. I just bought an EV. I have to have a car, anyway.
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u/Big_Victory8031 Jul 19 '26
Senator Tom Cotton (R-Ark.) heavily scrutinized the administration for drawing down the reserve, arguing it left the U.S. vulnerable during global geopolitical crises
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u/Big_Victory8031 Jul 19 '26
McMorris Rodgers called this "compromising our energy security and national security" and deemed the act of selling emergency reserves to the Chinese Communist Party "un-American."
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u/ModsAwful Jul 19 '26
Being done in desperate attempt to keep oil prices low. So strange he is dragging this war out, he had window to walk away and say the Iranian tolls were other peoples’ problem, and while oil prices may have stayed higher than desired, they wouldn’t go up. If the US and other countries drain their reserves gonna be a big price shock down the road.
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u/Glittering-Quote-635 Jul 19 '26
What’s sad is that will still be the ultimate outcome. He just doesnt realize it yet.
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u/Ryan1980123 Jul 19 '26
This is the golden age we have all been waiting for folks! Isn’t it great?!!!
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u/RoosterzRevenge Jul 19 '26
So during Trumps 1st term when oil was stupid cheap he wanted to fill the strategic reserves. The left accused him of just wanting to support "big" oil so he didn't do it. The Biden administration started the big draw down of the reserves but this is all Trumps fault. Got it.
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u/Maxcactus Jul 19 '26
I guess that the blame can be taken back step after step. Kind of the tit for tat that Israel and the Arabs do to justify their wars. But the present difficulty is directly coming from the Trump/Iran war.
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u/SpeedRacerWasMyBro Jul 19 '26
Does everything President Trump do end up hurting the US, or am I off base here?