Posted on 11/19/2022 1:11:04 PM PST by george76
Talks about selling in years 2028-2031????
Are we even sure we can recover the last tens of million in the “reserve?” It’s not like this reserve is in big metal tanks. Much of it is really just a guess, especially the lower end.
Absolutely right..
https://www.energy.gov/ceser/spr-faqs
interesting info here.
but more interesting here if you scroll down under FAQ it says levels dec 31, 2019 by site but you can’t get to it. Anyone able to find current levels at the site? A reason it is not there?
https://www.energy.gov/ceser/strategic-petroleum-reserve
People always do the math wrong.
The SPR has some number of barrels in it on a given day. It is not all the same sort of oil. There is crude that is diesel rich and crude that is diesel poor.
But that’s not the point. The point is the math is usually done by taking the amount in the reserve and dividing it by daily US consumption (about 21 million bpd).
This is wrong. The SPR access rate is far less than 21 mbpd. So it lasts longer than people compute, but some people don’t get food delivered to the grocery store shelf during that time.
There’s tons of coal, oil, and shale below the entire North American continent as well as offshore, and it isn’t being pursued to the best of abilities!
“We could probably refill it in a few months, if we were back to full domestic drilling capability.”
Well, there’s a multiple whammy there. If “we” started today, we could slightly increase production. Due to lack of prior investment for years, it would take about 5 years to really ramp production to match prior supplies, and that’s before the increase in population since then is factored in. Also 3rd World countries are increasing their energy use faster.
The lion’s share of any STR refill will be done by buying oil. We have no way to produce an extra 350 million barrels in a decade, let alone months.
Or, just live in your electric car, which is plugged into that home you can no longer afford to heat!
Ugh! What a friggin’ NIGHTMARE! I hope President Elect Trump starts hammering this oil reserves situation HOME!
Start NOW, Donald.
Also, I think you can only empty and fill it so many times before the reservoirs degrade.
Are we even sure we can recover the last tens of million in the “reserve?” It’s not like this reserve is in big metal tanks.
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This is correct. About 5-10% of the storage will not come out. The oil is in rock formations underground. The rock has pores. Oil fills them. The rest sloshes around and can pumped out, at about 4.5 million bpd as I recall. So the US consumption of 21 can’t be filled. US production is about 11.5 mbpd, subtract that from 21 and you have 9.5. So of that 9.5 the SPR recovery can cover half.
Someone doesn’t get food delivered to their grocery store, in an embargo situation where the US can’t buy oil from Canada.
It has to be TREASON!
Important info omitted from the current article. Thanks.
Almost everything the Harris/Biden/Soros/Schwab regime does is calculated to damage the United States.
That should be a first-day priority for Trump-47.
As we know - farmers use diesel to produce food , truckers use diesel to transport food, and ..
NautiNurse - You are welcome.
The Marcellus Shale that made Pennsylvania the nation’s second largest natural gas producer (only Texas produced more in 2020) also underlies upstate New York and several other states .. When Cuomo outlawed fracking, he killed hope, jobs, affordable energy, and .. for 70,000 New Yorkers in 14 counties covering a million acres.
https://twitter.com/Sagebrush_Rebel/status/1524815515478372354
The Marcellus Shale is rich in natural gas resources and is estimated to be the second largest natural gas find in the world. The 400 year-old rock contains approximately 410 trillion cubic feet of shale gas and could supply U.S. consumers’ energy needs for hundreds of years..
https://www.api.org/oil-and-natural-gas/energy-primers/hydraulic-fracturing/marcellus-shale
The 400 year-old rock contains approximately 410 trillion cubic feet of shale gas and could supply U.S. consumers’ energy needs for hundreds of years..
I often think all the good farmland taken up by interstates, roads, golf courses and houses is still there. But we may have to reclaim it. Like we did originally.
It is.🤔
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