RE: Re down down down6 Mar 2026 17:50
Hello Smiffy, good evening.
“unless Trump starts to release large volumes from the strategic reserve”.
You might want to research the reluctance to do this with reserves at 60% (415m barrels) and close to 40Y lows, along with the potential….
Frequent recent withdrawals have caused maintenance backlogs and equipment wear on the aging salt cavern infrastructure, making further large-scale releases risky.
I’ve also been looking into the issues around the straight, the issue being storage. They’ll run out of storage room reasonably quickly…
while the wider region faces total, critical storage failure within roughly 3 weeks. If we get there, production will have to be cut.
Personally, I am still waiting to begin my re-entry here.