Critical oil storage hubs hit decades-low levels with no relief in sight

[LetMyPeopleVote]

The biggest U.S. commercial oil storage facility has reached an “operational stress” level.

Our strategic oil reserves were getting dangerously low. That's why he surrendered to Iran. Like China in a tariff war, Iran could hold out longer. Just classic American arrogance that suddenly slammed into the wall of reality.

www.nbcnews.com/business/ene...

— Dan 🔵🌊🇺🇸 (@arepublic86.bsky.social) 2026-06-17T23:40:46.484Z

https://www.nbcnews.com/business/energy/cushing-oil-reserves-stress-iran-war-rcna350536

Crude oil stockpiles across the country continued to plunge this week as the Trump administration tapped America’s backup supply of energy products to help keep gas prices down while the Strait of Hormuz remains effectively shut to vessel traffic.

Draining the stockpiles has caused the U.S. Strategic Petroleum Reserve, located in Louisiana and Texas, to fall to its lowest level since 1983, according to Energy Department data issued Monday.

Inventories held at a second critical oil hub in Cushing, Oklahoma, tumbled to just 20 million barrels, according to data released Wednesday by the Energy Information Administration. That brings the country’s largest commercial storage facility to an “operational stress” level, according to Rory Johnston of the research firm Commodity Context.

“Without any immediate relief on the horizon,” this is a “concerning pressure point,” Johnston said.....

During the second week of June, commercial stockpiles of crude oil fell 8.3 million barrels, while 8.9 million more barrels were drained from the Strategic Petroleum Reserve. It was the 10th straight week of declining U.S. reserves.

[dave99]

1. shitstain kisses the asses of its Bosses

[surfered]

2. And because Trump is an idiot