What a way to empower China and communism.
Little more return on investment for the ChiComs.
10% to the big diaper.
The strategic oil reserve is over advertised. It is a supply of petroleum held by the United States Department of Energy (DOE) for emergency fuel to mitigate future supply disruptions. Not to supply the US but to attempt to maintain with any minor loss of source.
The maximum it is designed to handle is 714M barrels, in north Texas, of which it is capable of being drawn at 4.4M barrels a day. In 2020, the United States consumed an average of about 18.19 million barrels of petroleum per day. So it is obviously used as a supplement, not a source, as every day the US uses over 4 times the amount the reserve has to offer. At that rate, the reserve would be empty in just over 162 days if we had to use it at max capacity just to maintain our normal life as that supplement. Everything past that is not available to include expensive imports that they may, or may not, provide.
And another problem to consider is that with the closing of many of the pipelines, the stopping of the fresh drilling in the western US, and slowing production in the current areas to include ANWAR, we wouldn’t be able to maintain the reserve while drawing from it. So we would be more dependent on oil imports even though we are the largest exporter in the world. And none of this includes the oil offshore in Florida or the vast undrilled oil in the Rockies. Cost would get out of hand and we would be under a gun that we already have in our arsenal. We need more self sufficiency. And the world order dems are not going to provide it.
Wy69
The Strategic Oil Reserves makes sense while the U.S. is dependent on foreign markets for its oil needs. The irony here is that if we DON’T sell it off, we will soon be energy independent again.
If a person doesn’t need to know any more about energy than than what is shown to be apparent by our current energy secretary or our president, then I guess almost any adult with a high school education could handle it nowadays...and possibly even some grade schoolers. They would just need the right attitude.