Bloomberg: Massive US Oil Caverns Sit Empty and Will Take Years to Refill
(Bloomberg) -- Stroll through the West Hackberry oil facility on the US Gulf Coast and there’s not much to see: some pipelines and other industrial equipment. But buried deep beneath the surface are storage caverns so massive they’re tall enough to house the Empire State Building with plenty of room to spare.
These reserve sites are supposed to hold enough backup supply to ensure the US never runs short of oil. Right now, they’re sitting half empty.
It only took about six months for the Biden administration to sell off 180 million barrels from the federal stash in the fastest withdrawal on record. But refilling it to capacity will likely take decades, if it happens at all.
Experts say that a lack of funding and aging infrastructure will plague the process, even as the Energy Department has pledged to keep buying.
Read more ....
Update: 'Massive US Oil Caverns' Are Now Empty, Will Take 'Decades To Refill' Thanks To Biden (Zero Hedge).
WNU Editor: This means the U.S. only has a 20 day emergency supply of oil.
8 comments:
All for political gain! 🤬🤬🤬🤬🤬
The Germans, Japanese & Russians couldn't defeat the USA & bring it to its knees. The Democrats did that.....
Obama famously warned in 2020: “Don’t underestimate Joe’s ability to f–k things up.”
Fred voted for the fuck up.
You ever get the feeling that we are headed for a crises on purpose.
That we are like cattle, that are fed daily, told everything is ok as the crises builds.
And then one day we will be led to slaughter.
That is, the crisis will happen and we will be hit by so many different failures a cascading waterfall of failures, that there will be no way to respond to a multiple of crises at once.
Which will lead to some type of new dystopian, dictatorial governmental system.
Or maybe this is just the unintentional fallout of a bunch of incompetent idiots who know not of what they are doing.
But is is hard to imagine such incompetence that is unplanned
Lower gas prices helped the Democrats win the last election, so they're fine with it.
ass grass or gas no free rides
Biden will have us back in the stone age, before that becomes nessesary
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