US is also about to dump half the strategic reserve onto the market to try and keep prices down

    https://www.cnbc.com/2026/03/11/cargo-ship-struck-strait-of-hormuz-uk-iran-war.html

    Posted by Substantial-Use-2867

    22 Comments

    1. So the US dumps 1/3 it’s remaining reserve and probably can’t spare much more than that

      Europe dumping probably as much as they can stomach

      Oil goes up $5

      It’s never been so over

    2. Substantial-Use-2867 on

      I forget, what was the carefully thought out plan with clearly defined goals that we were trying to accomplish?

    3. LittlePiggyAtMarket on

      why didn’t the US stockpile oil like crazy before doing this? no foresight whatsoever

    4. Striking-Pen-1198 on

      This sounds like history repeating itself. Do I need to start buying brown bell bottom pants and mustard color shirts with big collars so I can look the part? The 70s are back baby! Where’s the cocaine?

    5. If they released the entire reserve it would be equivalent to what America uses in 20 days.

    6. The oil they are stealing from Venezuela because Congress forgot to allocate funds to restock our own supply. Our government is legit just trying to hijack oil rather then to pay for it.

    7. I sold a bunch of stocks/ETF’s this morning on a hunch and now I feel like I shoulda dumped double what I done did…

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