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  • Malkhodr @lemmygrad.ml
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    14 days ago

    📉🛢🇺🇸一 U.S. Strategic Petroleum Reserve inventories fell another 3.1 million barrels last week to 286.6 million, their lowest level since 1982, as Washington continues drawing down emergency stocks amid the Iran war.

    • The U.S. ultimately plans to release 172 million barrels from the SPR, with roughly 39 million barrels still left to go under the current program. The oil is being loaned to companies, which must later return it with additional barrels.

    • The Energy Department says the reserve can physically operate with as little as 70 million barrels remaining. But Texas A&M petroleum engineering professor Siddharth Misra told Reuters the practical minimum is closer to 250 million barrels, warning that falling below that level puts the aging storage system in a “dangerous zone.”

    @SimurghRes

    https://t.me/SimurghRes/9303

    • 201dberg@lemmygrad.ml
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      14 days ago

      warning that falling below that level puts the aging storage system in a “dangerous zone.”

      How can having less I’m storage compromise the storage system? I’m imagining like warehouses being held up by the boxes inside them. lol

      • SpookyBogMonster@lemmy.ml
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        13 days ago

        Because the oil isn’t kept in warehouses, it’s kept in salt caverns, and without at that oil to keep them held up, they’ll collapse under their own weight, and any oil still left in them will essentially be useless.

        So what’s in your imagination is kind of correct, but imagine a cave instead

        • Commiejones@lemmygrad.ml
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          13 days ago

          Its worse than that. They have to pump water into the caverns to get the oil out and keep the weight on the caverns. So if they keep adding water eventually it will dissolve through the salt and the system will start to leak.

          • 201dberg@lemmygrad.ml
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            13 days ago

            This sounds like such an incredibly stupid system I have to imagine there’s SOME kind of reason for it to exist? What is the benefit of storing oil in giant, unsupported caverns where they won’t ever be able to properly remove it all without collapsing? It’s like a prepper building a house out of canned food.

            • Commiejones@lemmygrad.ml
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              13 days ago

              Its more like putting an emergency lever behind a glass case. The idea is that the bottom levels of the reserve where they need to pump water in are only supposed to be used in drastic situations. If usa is in such a bad place that they need the last few million barrels of their stash of crude the designers expected to be fighting off an alien invasion, zombie apocalypse or nuclear winter. Its supposed to last a long time because by the time they need it half the people should be dead and the rest are mostly immobile because of how bad things are.