Trump administration 2024-2028

[Altair]

U.S. SPR dips below 300mbbl for first time since 1983.

Strategic Petroleum Reserve Inventory 2005

View attachment 101705

What collapses first, the AI bubble or the salt caverns?

 

[Czech_pivo]

What collapses first, the AI bubble or the salt caverns?

They won't draw down the levels to allow the salt caverns to collapse.

 

[Altair]

They won't draw down the levels to allow the salt caverns to collapse.

Who is they?

The president or congress?

 

[PrairieFella]

Who is they?

The president or congress?

The guy who guards the giant straw.

 

[Altair]

The guy who guards the giant straw.

I don't trust that guy.

 

[Good2Golf]

Understood.
Just know that the US's current output is based on old/played out fields that have more good days behind them than in front of them.

Have read reports that their production will be around 2m bpd less in 10-12yrs than it is today.

Hence Venezuela…

What collapses first, the AI bubble or the salt caverns?

Collapse is generally a myth. They pump water in to raise the oil to nominal pump out levels. Oil being less dense floats and leaves water/brine below, so overall level in the cavern stays relatively constant…+/-