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Breaking Posted 5 hours ago

US Authorizes Emergency Release of 400,000 Barrels from Oil Reserve

News
The US Department of Energy authorized an emergency exchange of up to 400,000 barrels from the Strategic Petroleum Reserve to address crude supply disruption at Phillips 66's Lake Charles refinery in Louisiana. The measure aims to stabilize regional refinery operations and crude availability. Crude-sensitive currencies, particularly CAD, may react to supply-side support; energy costs factor into inflation expectations affecting Fed policy repricing.
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16 Likes 20 Comments
What are your thoughts?

Replies

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A
@andy_colgate_nottinghill · 4 hours ago

Trump understands oil, nobody understands oil like he does

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M
@mercury01 · 4 hours ago

Americans for Israel

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L
@liam_calgary · 4 hours ago

How are the reserves refilled?

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C
@chris_4eva · 4 hours ago

Something like pumping salt into an underground caverns, salt has the ability to trap liquids like oil in place

0
R
@randolf_mercer · 4 hours ago

"Trump is a mythical creature"- Sly Stallone

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M
@martini_schwarzwald · 4 hours ago

Wait, did republicans not bad mouth Biden for doing the same thing?

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P
@paul_petit · 4 hours ago

Guess the MAGA cultists will still support him

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T
@titi_nwa · 4 hours ago

Want some oil, go to Weeks Island salt mine and extract

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G
@george_kramer · 4 hours ago

Where is that?

0
T
@titi_nwa · 4 hours ago

Louisiana

0
C
@cahaya_dewan · 4 hours ago

I aint buying no gasoline at $5 per gallon I will just go green and use solar to power stuff

0
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D
@dipuo_kefilwe · 4 hours ago

Solar panels are made from rare earth metals and China runs that show, they dont sell to the US anymore

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E
@emma_durban · 4 hours ago

I am sure we can get some rare earths from Africa, let them try Congo

0
G
@george_kramer · 4 hours ago

Africa has so much minerals, they would beat China if they were not colonized and stuff stolen by the west

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H
@hosea_makelele · 4 hours ago

Africa is Africa's problem stop the victim mentality

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C
@chris_4eva · 4 hours ago

Thanks DJT this should bring fuel price down, MAGA

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S
@sandy20 · 4 hours ago

I am getting tired of all this winning, yahoo lets give out more oil to our cronies who bought seized oil vessels from the strait of hormuz

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A
@asamoah_the_great · 4 hours ago

What a stable genius he is

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W
@weilo_daniel · 4 hours ago

Is this the AMerican golden age Trump promised?

0
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Y
@yokoyi · 4 hours ago

Good move, why store oil when people need it?

0
Reply
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