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riversedge

(81,492 posts)

4. .....Not all the oil remains in the US. Part of it is being exported to Europe and South America.

Tue May 12, 2026, 09:09 AM

Yesterday

......The Trump administration committed to release 172 million barrels in a so-called exchange program, where oil is loaned to companies and must be returned in kind at a later date. So far the US has agreed to release 133.1 million barrels. It’s unclear if the energy department will hold another offer until it meets the 172 million-barrel target.

Not all the oil remains in the US. Part of it is being exported to Europe and South America.

(Adds gasoline prices in third paragraph.

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Highlight:

US Releases Another Wave of Emergency Oil as Gas Prices Bite [View all] BumRushDaShow Yesterday OP

Still won't be enough............ Lovie777 Yesterday #1

This is a Band-Aid for the real problem gab13by13 Yesterday #2

Um lonely bird Yesterday #3

.....Not all the oil remains in the US. Part of it is being exported to Europe and South America. riversedge Yesterday #4

He should try ending his stupid war with Iran. SamuelAdams Yesterday #5

The only way he can end the war quickly gab13by13 Yesterday #6

Wonder how much $$ GOP donors John Addison and CITGO buyer Paul Singer will make this summer lostnfound Yesterday #7

Fantastic! SergeStorms Yesterday #8

Trying to diffuse the results of trumps illegal war. republianmushroom Yesterday #9

What happens when Trump completely empties out the strategic oil reserve? Multichromatic Yesterday #10

Based on our oil production/consumption + exports as a country, that will last maybe a week. AZLD4Candidate 17 hrs ago #11