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Our tanks are getting empty
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Redwingtom Offline
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Post: #27
RE: Our tanks are getting empty
(11-03-2026 06:50 PM)U_of_Elvis Wrote:  
(11-03-2026 05:04 PM)goodknightfl Wrote:  trump played a part as well, but Biden used up over 1/2 of what we had.

Math also disagrees with you. Biden’s term started with 638M and ended with 394M, so he released 38.2% of the strategic oil reserve. Is 38.2 more or less than half?

Trump started with 394M and is now at 282M, the lowest level since 1982.

If we take Biden’s start and end and average it over his term he released on average 167k barrels a day, Trump is releasing on average 174k per day in his second term.

Trump is releasing oil at a faster rate than Biden.

And I'll also remind you and the others that there is a congressionally mandated bottom to the reserves which we can't go below. Further, there's a growing consensus that we don't even need a reserve at all any more based on our current production levels in the US. That wasn't always the case...especially back in the 70's and 80's when this started.
11-04-2026 07:24 AM
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Messages In This Thread
Our tanks are getting empty - Todor - 11-03-2026, 12:55 AM
RE: Our tanks are getting empty - TripleA - 11-03-2026, 03:39 AM
RE: Our tanks are getting empty - VA49er - 11-03-2026, 10:12 AM
RE: Our tanks are getting empty - VA49er - 11-03-2026, 10:30 AM
RE: Our tanks are getting empty - Redwingtom - 11-04-2026 07:24 AM



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