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  • Four million barrels of strategic reserves released

    From Joseph Pereira@1:103/705 to All on Thursday, March 12, 2026 05:21:20

    Western countries have released four million barrels of their strategic oil reserves. This equates to four days of global oil consumption.

    Now we're missing 'only' 20% of the world's oil due to the blockade of the Strait of Hormuz. So, we can use this reserve for two weeks.

    Those two weeks again...

    This war really shouldn't last beyond the end of March. If it does, it will hurt the world.

    Europe has virtually no gas reserves left, and we are already using up a significant portion of the strategic oil reserves.

    .
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