Oil isn't skyrocketing because a lot of countries are tapping their strategic reserves

[ProfessorGAC]

3. Yes, There Are Such Countries

But, it's several, not many, though I'll admit there are mostly high consumption countries.
But, it only started a couple days ago, and I have a hard time believing the traders care about that when they're bidding futures' contracts.
I think it far more likely that there is still sufficient supply on the water or in tankard.
Then, there are major oil producing countries that are not affected by the middle east bottleneck, including the US which is the world's #1 producer.
Finally, crude prices did skyrocket. Even though they settled back down a bit, the price is still more than 30% higher than a week ago.
A 30% price increase in a week could fairly be described as "skyrocketing". So your premise seems flawed.