The U.S. Strategic Petroleum Reserve has dropped to its lowest level since 1982, Department of Energy data this week showed, revealing the continued drawdown of emergency oil as the nation weathers a global energy shortage.
The reserve shrank by more than 3 million barrels of oil over the week ending on Aug. 28, the DOE said, leaving the stockpile at 286.6 million barrels or about 40% of overall capacity.
The largest global oil supply disruption on record has catapulted U.S. gasoline prices above $4 a gallon, rekindled inflation and helped set the stage for November’s midterm elections.
The biggest positive thing I hope comes from all of this nonsense is that the world uses this as a turning point to renewables that they can control domestically or within their own communities. Everyone running their own thermal, solar, or wind would be amazing.
No kidding. There’s so much energy out there already we don’t need to keep burning dinosaurs at the rate we do. We have the technology for it, we just need the will.
We might want wind /solar/batt, but once the reserves are gone and Trump can’t make any more money manipulating that part of the market, he will start taking kickbacks for selling oil leases to every scrap of public land that he can flog. The only way we are getting a pivot to solar is if someone pays him off and then supplies him with a steady stream of 14year old Russian girls to keep reminding him of how he won that deal.
In response, they lowered fuel economy requirements on vehicles.
And made fuel more inefficient, bringing in “winter blend” earlier than ever.
The largest global oil supply disruption on record has catapulted U.S. gasoline prices above $4 a gallon, rekindled inflation and helped set the stage for November’s midterm elections.
The largest oil supply disruption on record is also the only self inflicted disruption that I’m aware of.
trump doing more to lower the production of fossil fuels than all pro renewable activist combined
Just goes to show the insane power imbalance at play.
The biggest most worthless malicious idiot can accidentally drive renewable energy forward just because of the chair he sits in, while a bunch of dedicated and passionate intelligent people working around the clock are silenced and shut down at every turn.
The largest oil supply disruption on record is also the only self inflicted disruption that I’m aware of.
Hi. If you consider refining part of the supply disruption, then Russia – formerly one of the foremost fossil fuel exporters – fucked itself even harder. Invaded their neighbors hoping they would roll over in three days. Day 1651 or something into the very special military operation, Russians are queueing hours for gasoline while importing fuel as fast as they can.
But keep on driving those big ass trucks and making people commute to work!! Bravo, America!
Small trucks have been gaining in popularity here recently I’ve had guys in big trucks ask me about my Santa Cruz quite often, and they’re always dumbfounded to learn I can get 40mpg highway and still tow 3500lb.
Guess the next step is getting European:
Reminds me of that one top gear episode where they do a caravan trip in a diesel Kia
Also they are now in a trade war with their largest oil supplier.
Big brain move?
Catastrophic floods in areas where reserves are are a very real risk.
That would be the funniest thing global warming could do to reverse global warming.
