In 2000, President Clinton released 20 million barrels of oil from the SPRO for the purpose of reducing oil prices. The price before the release was $39.00 per barrel. After the release the price of oil dropped to $32.00 per barrel. But within 5 days the price of oil returned to $39.00 per barrel.
Right now the world is consuming ~90 million barrels of crude oil per day. The total release from all of the Strategic Petroleum Reserves is 60 million barrels...that means this release represents about two-thirds of one days oil demand. Hence, I don’t think oil prices will drop the $7.00 per barrel that they did in 2000 and I think oil prices will return to the $94.00 per barrel range soooner than the 5 days that it took in 2000.
From what you are writing, the only sure winners will be the people who are now buying call options or selling put options on the current price of petroleum ... most others will not be so fortunate.