U.S. to release oil from reserves in coordination with other countries

Re:U.S. to release oil from reserves in coordination with ot... by nradov on Tuesday November 23, 2021 @01:59PM (#29321753)

Comparing the SPR size to imports is meaningless. The US obtains most of our crude oil from domestic wells.

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Re:U.S. to release oil from reserves in coordination with ot... by groby_b on Sunday November 28, 2021 @11:29AM (#29370196)

Net imports: 7.8 MMb/d Net consumption: 18.1 MMb/d

So, we get slightly more than half from domestic wells. (We could fully cover it if we choose not to export)

But either way, that means the SPR still covers ~500 days of consumption. Still sizable enough to impact the market significantly, I'd say

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