50,000,000 barrels is a fart in a whirlwind compared to world demand each day. It hardly moves the needle. Even less so metered out in a niggardly pace as brandon’s gang will do.
All this action does is waste money and stir the pot. The SPR can only effectively accomplish one mission and that is to protect against an embargo. Releases from it are not sustainable and not material to the world market and even if they are it is only for a short time.
Stupid is as stupid does.
—”50,000,000 barrels is a fart in a whirlwind compared to world demand each day.”
I’m seeing about 337 million gallons per day used in the USA.
And one barrel produces approx 20 gallons of gasoline.
Looks like it might provide a couple of days’ useage.
As the economy swirls down, energy use will drop, and maybe price too? Then they will claim they forced the price down.