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Melon

(1,899 posts)

14. On June 12 when I checked we had around 415 million barrels

Reply to orthoclad (Reply #12)

Sun Jun 21, 2026, 11:40 PM

Sunday

We are pulling 8 million barrels a week from reserves.
Both futures and ready to ship oil has falling pricing. WTI is at $75 today. You are seeing it at the pumps in gasoline already. I filled up at $3.15 today.

We have good inventories of crude. China has reserves through 2026.

We are going to have a glut of oil when the straits normalize.

Every producer is producing at max rates outside of the Middle East.

It’s fear mongering not supported by the numbers.

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Iran stretched out negotiations with Carter [View all] SamuelTheThird Sunday OP

Well, just a little history Dan Sunday #1

Reagan made sure the hostages would not be released until enough Sunday #2

Recommended. H2O Man Sunday #4

Bay of Pigs and the Zapata oil rigs Blue Full Moon Sunday #13

Seemingly the second after he was Inaugurated. All of a sudden hostages are being Bengus81 Sunday #5

That's true, but that leaves out the gross incompetence and ignorance of trump which is infinitely enabling this more... themaguffin Sunday #3

I don't see why or how anyone would bother negotiating with Trump, snot Sunday #6

THey're actually negotiating with Bibi orthoclad Sunday #7

I think in this case it's for these reasons: no_hypocrisy Sunday #8

About #3 orthoclad Sunday #10

.......Obama allowed the export of US oil....just saying Melon Sunday #11

I dunno - the news says reserves are nearly empty. orthoclad Sunday #12

On June 12 when I checked we had around 415 million barrels Melon Sunday #14

Different. IIRC, they hated Carter orthoclad Sunday #9

The ayatollah executed many of the revolutionaries. LeftInTX Monday #15

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