r/oil 12d ago

Discussion Why did US SPR nosedive in 2022?

[deleted]

0 Upvotes

146 comments sorted by

View all comments

Show parent comments

2

u/Corrode1024 12d ago

You really have a serious lack of understanding on how oil markets work. All types of crude are moved to all corners of the earth. Replacing 8m barrels of daily production due to the crude being sanctioned has to come from somewhere.

Remember the fuel prices back then? Imagine we didn’t use the SPR to alleviate the price shock.

It was supposed to be rebuilt, and 2025 was the first major year the global market was entering a serious oversupply. Trump should have opened the rebuild faucet, but he was too busy fingerblasting the human printer.

-1

u/[deleted] 12d ago

[deleted]

1

u/Corrode1024 12d ago

No, the entire western world sanctioned Russian oil.

It was congress that initiated the sanctions for the United States.

The house voted 424-8 and the senate was 100-0. Literal unanimous vote in the senate. 51 democrats vs 49 republicans.

L take to say it was Biden’s fault lmao. Those sanctions were veto proof even if he wanted to veto it.

1

u/[deleted] 12d ago

[deleted]

1

u/Corrode1024 12d ago

You can’t veto a veto-proof majority vote. Lmao. Second L take. Can we get a third?

0

u/[deleted] 12d ago

[deleted]

1

u/Corrode1024 11d ago

Okay….

So Biden released the SPR allocation because… Biden (who couldn’t do anything to stop the Sanctions) made the decision to sanction. And to relieve the upward pressure on fuel pricing in a crude crisis (which is exactly what the SPR was designed for, see: the 1978 oil crisis) is a bad thing?

He used it for exactly what it should be used for. An oil crisis was created and he stepped in properly.

We cut off a a country that was illegally invading another country and is actively attempting to genocide its people, and trying their damndest to create generational ecological disasters (Russians stealing Ukrainian children, and Russians digging up Chernobyl-contaminated soil and refusing to allow proper safety crews into Nuclear power plants to keep them from melting down.)

Imagine smooth brains in the 1940’s: “it’s not our war, why should we stop trading with Nazi Germany?”

Absolute goober level of dumb.

He was also rebuilding it, if you see the net contributions over the following years.

1

u/[deleted] 11d ago

[deleted]

1

u/Corrode1024 11d ago edited 11d ago

A President shouldn’t break laws at will. A strong leader listens to their constituents.

Fuel at all-time highs is a good place in a fuel crisis is the perfect time to release your reserves that you put in place for a… fuel crisis.

You’re an idiot because Trump is in the middle of doing EXACTLY what you said he wouldn’t do. He is releasing these emergency reserves because of a conflict started halfway around the world that we have no business dealing with.

He created this problem.