US imports less than 10% of its crude from there. This crisis is planned like always.
>>531224515>from thereThe arbitrary source of a good in global markets is irrelevant. The people who bought "from there" enter the same markets that others were buying from including US domestic markets and drive up the prices all the same.
>>531224047The strait exports 20 million barrels a day. So the 160 million barrels in the US reserve only covers 8 days. The release of the 400 million barrels covers 20 days.Today is day 21.
>>531224649>Friday So the invasion is happening this weekend?
>>531224703No. 2 more weeks.
because they just sold
>>531224047DO SOMETHING AMERICA!SAVE US
>>531224515Oil is globally traded. If oil prices rise elsewhere, it's going to spread to the US.
>>531224649The US has 415 million barrels in reserve. However, 160 million of those cannot be tapped except as an extreme one-time emergency measure.
>>531224912415 million barrels as of March 13, that is
Baron is just doing a pump and dump on oil futures and then Donnie will drill babies.
>>531225242>drill babies.I meant drill baby drill
>>531224649The sign is a subtle joke. The shop is called "Sneed's Feed & Seed", where "feed" and "seed" both end in the sound "-eed", thus rhyming with the name of the owner, Sneed. The sign says that the shop was "Formerly Chuck's", implying that the two words beginning with "F" and "S" would have ended with "-uck", rhyming with "Chuck". So, when Chuck owned the shop, it would have been called "Chuck's Feeduck and Seeduck".
>>531224047only 2 barrels for the faggots itt
>>531224047that's about 16 hours worth of oil. the average american uses one barrel of oil a day, seven barrels a week, twenty eight barrels per month.
>>531224649>today is day 21The release of 172 million barrels was announced on march 13. This takes 120 days to deliver. You have no idea what you are talking about.
>>531224047For perspective, the us goes through about 20mil barrels a day
>>531225592Kys faggot
>>531224649God damn, we're fucked without that Gulf oil. Our supply chain is going to be decimated.
>Add water>take oil>stability fine
>>531227390>4% of all US oil is from the gulfA 4% hit to the oil supply would actually have a pretty deep impact.Especially in the context of a 20% global reduction in supply, because all of the other imports would get more expensive.Oh well, FAFO I guess.
>>531224851He’s assuming you’re implying there would be a shortage, not that oil prices will rise fast when they’re done tapping the SPR
>>531227610That's 4% of all imported oil. We actually domestically produce 60% of the oil we consume. So it's 4% of 40% (1.6%) of all US oil comes from the gulf.
>>531227390xDI keep telling people this war is the best thing thats ever happened to us. Please, dont stop bombing them
>>531228036No, it's 10% of imported oil. I know how to arithmetic and read, thank you.10% of 42% = 4.2%
>>531224047Isn't that a lot?Wake me when it gets down to 6 million. That's a number I can take seriously.
>>531228036You are so fucking stupid you are mixing up unrelated numbers. You literally don't even understand the difference between heavy and light crude
>>531228036Nigger if other nations are willing to pay more for the oil we produce due to a supply shortage, what do you think happens to the price of our domestically produced oil?Do you think it goes up or goes down? Come on, put on your big boy pants and thinking cap and give us an answer.
>>531229042Give me a minute anon. Make it several.
