As of the week ending June 12, 2026, the US Strategic Petroleum Reserve (SPR) held approximately 340.25 million barrels of crude oil… Sounds like a lot, but it is approaching the danger zone. In late May, that number was 372 million barrels, which consisted of Sweet crude: ~142 MMB | Sour crude: ~230 MMB, according to the US Department of Energy.
Geopolitics
Ian Williams: The U.S.-Israel Attack and the U.N.’s Response Will Live in Infamy
IS THE UNITED NATIONS DEAD or merely crippled? Read Article HERE This photo is a work of an employee of the Executive Office of the President of the United States, taken or made as part […]
Economics
The Honest Sorcerer – World Oil Supply: It Ain’t Over Till the Fat Lady Sings
A Memorandum of Understanding (MOU) has been signed on Thursday between Iran and the United States, setting the stage for a 60 day negotiation period. As part of the “deal” both sides have to put […]
Climate Crisis
AFP: Governments risk ‘trillions’ in fossil fuel climate litigation
Governments which enact climate legislation risk being sued for trillions of dollars by fossil fuel companies seeking compensation for lost revenue and stranded assets, according to data that campaigners warn threaten pledges made at COP26. […]
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