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BigDaddyCoolDeisel t1_iu4o4w6 wrote

Reply to comment by BMorris2526 in Please prepare yourself we just ordered more oil to heat the house and was told due to a pending shortage f diesel and home heating oil there will be rationing of it by Frequent_Ad_7824

It seems you were confused by what you heard. The 'reserve' of diesel has 25 days left. But the flow and supply continues. That's like saying "I only have 25 days of canned goods in my basement" and thinking you will starve...

I get it.. it's complicated stuff.

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BMorris2526 t1_iu4oaxh wrote

Thanks for clarifying that.

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BigDaddyCoolDeisel t1_iu4oedf wrote

All good. Depending on the source they likely twisted reality to match their narrative.

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BMorris2526 t1_iu4oz8t wrote

Also read it on Bloomberg which is pretty reliable. I must have misinterpreted the info.

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8pointstar t1_iu74le1 wrote

This is true, ty for clarifying. However 25 days in reserve isn't normal and is cause for genuine concern. ie If I said, "Today I have 25 cans of food in the basement. Last week I had 35 cans", you would raise an eyebrow, yes?

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Brian_06030 t1_iu7b62q wrote

It's cyclical, it's hit close to this low multiple times in 2019, 2018, 2013 and the lowest in 2008

The only difference is now people panic at the slightest mention of oil prices changing, and oil companies profit from it

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8pointstar t1_iu9h4q3 wrote

It was 25 in 2008 and everyone who knew was concerned. Further, the downward trajectory is too steep. This isn't a gradual loss, and even the WH has called it "unacceptable" Also, maybe don't criticize people for worrying about oil prices when 100 gallons this year could cost them upwards of 600 vs last year's 250. Prices like that can and will drag many families over the financial edge.

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Wide_Television_7074 t1_iu7uw8z wrote

why do you think that is? because we have a demented geriatric asleep at the wheel while his interns drain the strategic petroleum reserve and push global nuclear war

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