I’ll just count the gas as it goes into the car
“smells normal”
lol i bet.
Never have I wished for the American people to use up their fossil fuels faster than now. 07 to our brave Jeep driving revolutionaries
The second it starts getting cool outside its going to really take off.
people drive less in the fall/winter other than major holidays so usually the reserve gets refilled over the winter.
How are the underground cheese reserves?
Italy is currently having a problem because the heatwave is straining the cooling system for their cheese reserves which serve as backing for quite a lot of loans.
They put cheese on the damn blockchain
Holy shit my 30 year old Chuck-ee Tokens are
Omg it’s a thing
https://cectoken.com/
Check on Canada’s maple syrup supply while we’re at it.
legimafely, its actually very low because the demand spiked. the producer association has approved the opening of several million new taps for the coming sugaring season to try and build it back up and keep the price from getting too high.
that combined with the potential for increased energy costs this winter (processing sap into syrup is crazy energy intensive), and maple syrup prices could get wild this winter.
only 11? I thought it was worse off then that?
the last time I checked (based on a detailed post within the last week on hexbear) there were about 45m barrels left before it hits the 250m line where legally only the military can draw from it. at the draw rates we are seeing (~5mb/week?) that is 9 weeks. but even if they disregard that rule there are physical limits on how low the SPR can be drawn and the quality gets bad as you get down low
man this shit is just so confusing. Obviously bad shit is happening and heading our way. (Fun to type this as the sky darkens from a storm) but it’s just so hard to get a good read on the specifics. Is that one purpose? I’m assuming that is on purpose. (Another game of on purpose, bad capitalist practices, or both!)
They are intentionally not updating this information.
but even if they disregard that rule there are physical limits on how low the SPR can be drawn and the quality gets bad as you get down low
My understanding of how the reserve storage works is that the “you can only draw so much before the whole thing is ruined” is kind of overblown because they’re literally just pumping it into geological salt formations and there’s plenty of other salt domes still in a condition to be used
this is separate from them physically not being able to pump out the last bits from the current domes used for storage, though. I’m just mentioning it because when I first read about the SPR collapsing I was like, wow, seems bad. I thought it would permanently destroy our ability to store oil if we let it collapse. But that doesn’t seem to be the case
Yeah ngl I thought we were closer to 11 days than 11 months
There’s a few months left at current draw rates but the lower the reserve gets the worse the quality of the drawn oil and the more they’re forced to draw to compensate and the less stable the reserve caverns become
If the caverns collapse - no biggie. Trump knows some guyz - construction guyz - work real real quick (quick!) - make new ones in no time. Bigger. Better. Stronger. More powerful. And it will be an emergency so no environmental protection stuff. No! And EPA rubber stamp because it needs to happen fast-fast.
Thank China we still have time to prep
At the rate things are going, itll be close to running dry in 11 days after about 10.5 months
If they keep drawing from the reserve at ~3 million barrels per week (as is about the average for the past few weeks), they have about 100 weeks (almost two years) until the reserve is fully empty. Of course some of the oil at the bottom will not be usable but it’s hard to find out exactly how much, so I guess 11 months is a pretty reasonable figure.
dropped 6.1mb last week
Holy fuck. I guess that explains why the publicized weekly reporting suddenly stopped at July 31st.
That also means that the actual time is even shorter.
is there away to use open source intelligence to know how much is being drawn?
Damn I was under the impression we were only 30-60 days away.
I believe this month will tip it into the lower quality oil which is harder to process/is unclear how much is just sludge. 250,000-280,000 barrels is that tipping point iirc, currently there’s 304,000 and they use ~25,000 barrels a month
At 80,000 left in the reserve the facilities will be risking permanent damage by removing any more oil, I think they have to flood the caves and the oil rises to be scooped up
There’s some oil still coming through Oman and Saudi but that may be just delaying the inevitable collapse til the US is in the dead of winter
invest in bikes stocks NOW
Lets gooo
man I gotta get this move done before the shit hits the fan. do not want to be paying for moving van gas when its 20$ a gallon.
Isn’t the US a net exporter?
Yes for total petroleum products, no for crude oil. Also iirc we can’t refine our own oil because refineries are tooled for heavy sour crude and not the domestically produced light sweet crude.
Can’t or won’t. I think processing sour crude is just more economic for the US.
Not exactly. Back in the 80s, the refineries switched over to processing the cheap and “bad” stuff (heavy, sour) into the same products you could easily make with the expensive and “good” stuff (light, sweet). The cost of the “bad” crude is much lower than the domestically produced crude, but the process to turn it into gasoline is more “expensive” based on the infrastructure investment which has already been built.
The US hasn’t built a new refinery in almost 50 years iirc. The lead time to reconfigure refineries to process domestically produced light sweet crude would involve shutting down the refineries and rebuilding over a period of about 5 years.
The US isn’t willing to stop refining oil for half a decade, plus of course infrastructure projects in the US always take far longer and cost far more than initially anticipated, assuming they ever get completed.
Most of the heavy, sour crude oil the US refines comes from Venezuela, the Gulf of Mexico, and Alberta.
a critical piece i’ve come to understand this year is that processing fuel into diesel (aka No. 2 Fuel Oil) is a bit of a bottleneck globally. so in the current landscape, US capital formations control a lot of that capacity for processing but the demand for that capacity exceeds global supply.
a lot of heavy equipment and transport logistics rely heavily on diesel, as does agriculture. so aside from places that have been pivoting to electrification for this sort of heavy machinery, the demand pressure for strategic use is strong. like not so much Bozo Chungus in his Ford F350, but CSX and Norfolk Southern and other logistics companies that more or less funnel materials and consumer goods into the bottomless maws of america. so capital formations all over are bidding up that diesel refining capacity and continue to drive diesel prices higher and higher because simply not enough of it is being created. china and the US are by far the most dominant countries in terms of capacity for refining diesel and certainly china is/will deploy this strategically. the US will allow it to be controlled by the highest bidder.
theoretically, the US government could try to reserve that capacity for the domestic market only (especially logistics, agriculture, and heating) as some kind of national security/stabilization act but it would go against the most empowered formations under Trump who are making a killing right now (and likely induce some kind of existential resistance strategy that they must have planned for) also, it would be absolutely brutal for europe and much of the world.
