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To put this in perspective, US daily oil consumption is 18 million barrels. So a 50 million barrel release from the strategic reserve is less than a 3 day suppl
by LostInTheWoods 5y ago
To put this in perspective, US daily oil consumption is 18 million barrels. So a 50 million barrel release from the strategic reserve is less than a 3 day supply.
- djrogers 5y agoIt’s not even that: “ Of the total 32 million barrels will be an exchange over the next several months, while 18 million barrels will be an acceleration of a previously authorized sale “ So it’s a single day’s supply.