Gas prices are still high, diesel is at a record high, and the reserve has shrunk more than 30% in six months. While the reserve held around 415 million barrels of oil in February, it now holds less than 285 million barrels of oil — lower than it has been since the early 1980s.

These rapid drawdowns of oil threaten the salt caverns' structure, says Samantha Gross, director of the energy security and climate initiative at the Brookings Institution, a nonpartisan policy think tank. As the reserves get lower and lower, the physical facilities can get degraded, Gross says: " You can damage them by pumping too much out of them."

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[–] 22 points 2 days ago
[–] 13 points 2 days ago

Article didn't mention, but as reserves get lower, there is a forced slowdown in withdrawals, and some of the caverns are in danger of collapse which not only creates a massive restoration costs, it also make 50m (1/5th or so) barrels of reserves just disappear.

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  • [–] 10 points 2 days ago (1 child)

    As the reserves get lower and lower, the physical facilities can get degraded, Gross says: " You can damage them by pumping too much out of them."

    Why store an emergency reserve in a way where you can't access it as needed?
    Ah who am I kidding, it's of course because it's cheap.

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  • [–] 17 points 2 days ago* (last edited 2 days ago)

    Cheap, fast to build, doesn't appear obvious from the air, hard to destroy with conventional weapons. The drawback of damaging the container when you use it wasn't considered as big an issue back when we knew what the words "strategic" and "emergency" meant. When the administration creates a new crisis every week to distract from the Epstein Files, it suddenly seems insufficient.

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  • [–] 22 points 2 days ago (2 children)

    it's almost as if it would've been a good idea to figure out some alternate energy sources beforehand

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  • [–] 6 points 2 days ago

    Thanks Obama

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  • [–] 63 points 3 days ago (10 children)

    MORE MORE MORE

    Let's collapse the oil energy system, so we can finally all be forced to transition to a cheaper, efficient, cleaner, and self-contained energy system like with solar.

    Thanks Donny for helping the renewable energy movement!

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  • [–] 24 points 3 days ago (2 children)

    I mean.. maybe. I like clean energy, but people will starve too. I don't see Trump's government hopping on clean energy as a solution. They will blame and deflect. They will destroy all our national parks scavenging for resources. It will be bad.

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  • [–] 4 points 2 days ago* (last edited 2 days ago)

    I mean private planes will still fly and there will still be food that goes to waste. People starving isn't because of oil shortages but because the rich won't eat the cost and rather kick people onto the street. Now the fertilizer shortage on the other hand...

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  • [–] 8 points 3 days ago* (1 child)

    OR the Orange Stain will invade another country. Isn't the USA so gosh darn quirky!

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  • [–] 4 points 2 days ago

    This is what I likely see happening.

    Canada is selling a large amount of their supplies to China and anyone else besides the U.S. right now due to tensions. Alberta already has a separatist movement that has been quietly invaded by bad actors from various U.S. organizations.

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    [–] 70 points 3 days ago (2 children)

    Exactly as I said at the beginning of the summer: they will burn the reserves until the election them immediately turn them off.

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  • [–] 15 points 2 days ago

    We will be doing so much winning you may get tired of all this winning! 🫲🍊🫱

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  • [–] 21 points 2 days ago (10 children)

    Republicans are expecting to lose and are going to blame all this fallout on the democrats who will be elected

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  • [–] 39 points 3 days ago (13 children)

    yeah he pretty much does not care about prices after the election so they are pumping out as much as possible to keep prices from skyrocketing.

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  • [–] 5 points 2 days ago (5 children)

    Prices have already skyrocketed. They've doubled since he took office.

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  • [–] 3 points 2 days ago (4 children)

    thats with massive pumping from the reserves. The true height is at least double again.

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  • [–] 1 point 2 days ago (3 children)

    When Trump took office this time around I was paying around $2.00 a gallon. Today it was 4.19. I don't know if I can afford much more.

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  • [–] 2 points 2 days ago (2 children)

    oh wow. I can't remember the last time I saw two bucks a gallon. Im lucky though in that I have only begrudgingly had a car so don't use a whole lot. like gas going up is such a drop in the bucket vs other things. I can't not eat.

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    [–] 15 points 3 days ago (2 children)

    This is Biden and Obama's fault somehow!

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  • [–] 1 point 2 days ago

    It could be argued that Biden shares some of the blame here. My understanding is that his administration released almost half the SPR during Covid to a) help the global economy and b) make a killing (for the government) selling oil when prices were high.

    The idea being that they'd replenish the reserves after the crisis, when prices were low/normal again.

    The problem with that is that the salt caverns are rated for a limited number of drawdown cycles, so you can't use it as a bank account. They're more like an old-timey piggy bank, you break it to use it.

    That being said, the biggest difference is of course that Biden didn't cause Covid. Trump very much started the war with Iran.

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    [–] 8 points 3 days ago (4 children)

    As soon as we're on empty China or Russia will invade something.

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