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/biz/ - Business & Finance


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49820887 No.49820887 [Reply] [Original]

>> No.49821046

>>49820887
i assume they are only talking about cushing.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=W_EPC0_SAX_YCUOK_MBBL&f=W
would you care to elaborate and receive additional data? perchance, learn to research for it, on the internet, by yourself?

>> No.49821081

>>49820887
america is sooo fucked

>> No.49821108

>>49820887
Inventories are low all over the world, we are at max capacity and no one seems to care

>> No.49821138

>>49820887
that's because they're selling reserves to europe
they're fine

>> No.49821164

>>49820887
>1980
>we have reached peak oil!
>1990
>we have reached peak oil!
>2000
>we have reached peak oil!
>2010
>we have reached peak oil!
>2020
>we have reached peak oil!

>> No.49821167

you want to be slurping up CVX and XOM.
let the Cryptofags die on their hill of 1s and 0s.

>> No.49821209
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49821209

>>49820887
the SPR gets refilled every quarter. Its also only 714 million barrels, while the US consumed 20 million barrels/day. Its not a metric to gauge overall oil trends, its just a tool used to nibble away at supply when producers are pumping too much or supplement a little bit of demand when there isnt enough. also just because they let it get low doesnt mean there isnt oil,it often just means they are draining ahead of time because they anticipate an oil crash which will let them refill cheaper.

picrel and stuff.

>> No.49821221

>>49821164
No we're talking about RESERVE supply not supply in general

>> No.49821228

>>49820887
same way you get it for gold and silver. what ever they make up.

>> No.49821280

>>49821221
>we have reached peak oil!