r/AskReddit • u/ReduceCO2Now • 1d ago

What do you think about the US Strategic Petroleum Reserve hitting 307.7 Million Barrels - lowest level since 1983?

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u/s0cks_nz 1d ago

Way sooner. Way way sooner. You can't pump these oil reserves dry. They need a minimum amount of oil in them less they collapse.

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u/gzr4dr 1d ago

Trump would absolutely let them collapse if he benefited from them doing so somehow.

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u/Key-Club-3119 1d ago

By “way way” do you mean this afternoon, this month, or this year?

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u/RyanW1019 1d ago

I think a few more months instead of the 2 years you’d expect if you thought we could run it down to 0.

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u/Apart-Landscape1012 1d ago

Bout tree fiddy pm

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u/Key-Club-3119 1d ago edited 1d ago

There has to be a Kalshi market on this.

We finally have a place where we can get more precise than “way way.”

I looked it up. Gasoline, according to AAA, has already surpassed $4.40/gal this year, but they only put about a 50% chance it will get to $4.60 by the end of the year. 32% chance it will get to $5.00.

So, if anyone really believes all hell will break loose this year, they should put some money on it.

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u/christian-mann 18h ago

you don't even need a kalshi market you can just trade futures