America's Emergency Oil Reserve Is Shrinking Fast

[paleotn]

9. Considering the amount of supply that's offline due to "Donnie's big adventure"

20% of global production, this draw down of strategic reserves is but a drop in the barrel. The 17.8 million barrel weekly decline in reserves is around 2% of global consumption (roughly 103 million barrels per day / 721 million per week.) Demand at pre war levels is more than 40 times larger. It's not enough to do what was intended and puts the US in a weaker position if things get out of hand again. Which they very well could. Once again, Donnie and his clown posse think in terms of minutes. Long term, strategic thinking is alien to morons it seems. They've got to get the damn strait open. Donnie and Nuttyyahoo broke it. They damn sure better fix it fast.

Anecdotal, but in our comings and goings here in VT this holiday weekend, tourist traffic is way down. And it's not like we're far removed from major population centers. It's a 2.5 - 3 hour drive to the Boston suburbs. 3 - 4 hours to NYC. We're maybe just beyond a day drive from the most populated centers in the country. Seems people just aren't driving. Can't blame them.