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The tanks in Cushing, Oklahoma, are hitting bottom. The oil market is about to hit a tipping point [View all]
https://www.cnn.com/2026/06/12/business/cushing-oil-inventory Today, neighboring Cushing is the hub of America’s energy market. It literally provides the oil plumbing for the United States. It’s where America’s benchmark West Texas Intermediate oil is priced and warehoused. From there, it’s piped to refineries around the country.
In normal times, Cushing stores around 40 million barrels of oil with capacity of up to 75 million.
When Cushing’s reserves get below 20 million, (at 21.6 million today) they effectively hit empty, scraping the bottom of the barrel of what is largely unusable sludge.
When Cushing’s reserves get below 20 million, they effectively hit empty, scraping the bottom of the barrel of what is largely unusable sludge.
In normal times, Cushing stores around 40 million barrels of oil with capacity of up to 75 million.
When Cushing’s reserves get below 20 million, (at 21.6 million today) they effectively hit empty, scraping the bottom of the barrel of what is largely unusable sludge.
When Cushing’s reserves get below 20 million, they effectively hit empty, scraping the bottom of the barrel of what is largely unusable sludge.
Effects of a continued shortage are discussed in the article. None are good.
A Hacker News commenter said "It's why Trump is pissing himself trying to get a deal. If the straight stays closed, everyone is fucked."
And guess what? The Iranians "have him over a barrel".
IMO, a war begun to cover up Epstein, and at Netanyahu's insistence, is a complete loss, throw in war crimes and crimes against humanity, and Trump has no way out of the quagmire.
Trump was and is ready to throw the U.S. and the world into disastrous turmoil, and so are the Iranians.
Buckle up.
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