Thread

U.S. Strategic Petroleum Reserve Falls to Lowest Level Since 1982

182 points · 234 comments · thelastgallon

brightball · 1790651317 · focus · HN ↗
Chart of strategic reserve levels since 1982, for context
<a href="https://en.macromicro.me/charts/41674/us-strategic-petroleum-reserve" rel="nofollow">https://en.macromicro.me/charts/41674/us-strategic-petroleum...
1. pstuart · 1790653268 · focus · HN ↗
  It looks like it started to plummet in April 2022, which was on Biden's watch (disclaimer: I voted for him). It apparently was in response to supply chain shocks spiking oil prices due to the start of the war in Ukraine.
  Having the AI summarize the pros and cons of that action has valid points on both sides. But in his defense, that particular war was not of our doing, unlike the current war with Iran which was initiated impulsively.
  1. partiallypro · 1790654164 · focus · HN ↗
    > that particular war was not of our doing
    Well... arguably it is partially our doing. Not for the reason's Tucker Carlson & Russia say, but that Obama and later Biden totally sat on their laurels after the Crimean invasion, totally paralyzed by fear of escalation and political fallout.
    pstuart · 1790654831 · focus · HN ↗
    arguably and partially, perhaps a bit, but they have history to back up that reluctance.
    That said, Putin's gonna do what Putin's gonna do and it likely wasn't the Crimean invasion that prompted it. It was the promise of waltzing in and just taking it without resistance.

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