Re:When oil prices spike, where does the money go?
by someonebaggy on Wednesday September 30, 2026 @08:40AM
(#49908063)
The strategic petroleum reserve which is empty, and threatening to physically collapse as they withdraw the sludge below the 0% mark?
Re:When oil prices spike, where does the money go?
by boringg on Wednesday September 30, 2026 @10:08AM
(#49909231)
You mean at 50% drawdown? Easy on the hyperbole.
Re:When oil prices spike, where does the money go?
by cake_robot on Wednesday September 30, 2026 @10:50AM
(#49909781)
How much more do you think can be released before hitting the operational floor? Your comment implies you can go to 0%, which is not my understanding.
Re:When oil prices spike, where does the money go?
by boringg on Wednesday September 30, 2026 @11:18AM
(#49910114)
Well if you are sitting at 40-50% and you actually still get oil from a lot of different countries it isn't a dire situation at all. Its not like all of a sudden we aren't getting oil from a variety of other countries. Its more like a slow drain on reserves while other sources start producing. I would also wager that its just price suppression before midterms.
OP's comment was that we are at 0 and nothing left. I pointed out that they were being hyperbolic or that they don't understand the strategic reserve (or both).
Re:When oil prices spike, where does the money go?
by cake_robot on Wednesday September 30, 2026 @12:02PM
(#49910698)
No one said global oil supply is going to 0; everyone understands it's a global market. It seems like you're unaware that the practical limit of what's available in the SPR is not 0%. That's why I asked where you thought the limit was, because the implication of your comment was 0%. I'm genuinely curious how much you think is safely available.
It's obvious that the whole point of the release is to reduce prices, but that's why it's telling that even as domestic gas prices have gone up by ~10% in the last month they've dropped the withdrawal to the lowest point since they started the drawdowns.
Re:When oil prices spike, where does the money go?
by boringg on Wednesday September 30, 2026 @12:22PM
(#49910936)
I was responding to the OPs comment that was needlessly hyperbolic. I don't think you are posting with good intentions or limited thought got put into it.
I doesn't matter where the operational band is - if at about 280 M barrels - they have a reasonable amount of runway before they start hitting hard technical barriers per OP comment especially with oil flowing into the country from other sources.
Re:When oil prices spike, where does the money go?
by cake_robot on Wednesday September 30, 2026 @09:06PM
(#49916461)
I've asked twice, in good faith, how much further you think the SPR can be drawn down and you've refused to answer both times. Still, in good faith, wondering what your answer is in case I'm missing something.
Re:When oil prices spike, where does the money go?
by boringg on Thursday October 01, 2026 @09:02AM
(#49921079)
I answered your question - if you don't understand what I sent you then thats on you not me. And I did it in good faith.
Focusing on a number is a fool's errand - and it either seems like you are trying to pigeonhole someone into a weird/arbitrary datapoint or you are a bot without the ability to comprehend. I honestly don't know which one. The name implies bot.
Re:When oil prices spike, where does the money go?
by someonebaggy on Thursday October 01, 2026 @03:41PM
(#49926183)
"focusing on a number is a fool's errand" - someone who the numbers are not on the side of.
Re:When oil prices spike, where does the money go?
by boringg on Thursday October 01, 2026 @04:00PM
(#49926375)
So what number would you like to propose since you are so knowledgable on the matter?
Re:When oil prices spike, where does the money go?
by someonebaggy on Thursday October 01, 2026 @07:23AM
(#49920283)
Why do you think it's only 50%?
If anything prices are being kept artificially _low_ by the US withdrawing from the strategic petroleum reserve, and similar (unquantified) actions being taken by the Chinese government. We'll have to see how the situation changes after the US midterms.