peruvian_bull on Nostr: the IEA announced the largest coordinated oil release in history on March 11th: 400 ...
the IEA announced the largest coordinated oil release in history on March 11th: 400 million barrels from strategic reserves. Brent was trading around $103 that day.
it's now been almost four weeks. Brent closed last week above $111. the price went UP.
the math never worked- the world burns 105 million barrels of oil per day. 400 million barrels covers less than 4 days of global consumption, and barely 20 days of normal Hormuz flows.
the US contribution alone, 172 million barrels, takes 120 days to deliver at max discharge rates, with a 13 day lag before any of it even reaches the market. so the "emergency" reserve has a two week shipping delay.
meanwhile Hormuz is running at roughly a seventh of normal traffic. the IRGC said yesterday the strait "will never return to its previous status, especially for the US and Israel." Iran rejected the 45 day ceasefire proposal. Trump set a Tuesday deadline to reopen it or he hits bridges and power plants.
QatarEnergy, Kuwait Petroleum, Bapco, Aramco, and ADNOC have all either shut production or declared force majeure.
the strategic reserve was designed for temporary supply disruptions. a hurricane, a pipeline outage, maybe a few weeks of chaos. not an open ended war over the chokepoint that moves 20% of global energy.
you can't fix a structural crisis like this with a stockpile that covers 4 days.
https://www.aljazeera.com/economy/2026/3/15/strategic-oil-release-may-calm-markets-but-cannot-fix-hormuz-disruptionPublished at
2026-04-06 21:25:13 UTCEvent JSON
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"content": "the IEA announced the largest coordinated oil release in history on March 11th: 400 million barrels from strategic reserves. Brent was trading around $103 that day.\n\nit's now been almost four weeks. Brent closed last week above $111. the price went UP.\n\nthe math never worked- the world burns 105 million barrels of oil per day. 400 million barrels covers less than 4 days of global consumption, and barely 20 days of normal Hormuz flows. \n\nthe US contribution alone, 172 million barrels, takes 120 days to deliver at max discharge rates, with a 13 day lag before any of it even reaches the market. so the \"emergency\" reserve has a two week shipping delay.\n\nmeanwhile Hormuz is running at roughly a seventh of normal traffic. the IRGC said yesterday the strait \"will never return to its previous status, especially for the US and Israel.\" Iran rejected the 45 day ceasefire proposal. Trump set a Tuesday deadline to reopen it or he hits bridges and power plants. \n\nQatarEnergy, Kuwait Petroleum, Bapco, Aramco, and ADNOC have all either shut production or declared force majeure.\n\nthe strategic reserve was designed for temporary supply disruptions. a hurricane, a pipeline outage, maybe a few weeks of chaos. not an open ended war over the chokepoint that moves 20% of global energy. \n\nyou can't fix a structural crisis like this with a stockpile that covers 4 days.\n\nhttps://www.aljazeera.com/economy/2026/3/15/strategic-oil-release-may-calm-markets-but-cannot-fix-hormuz-disruption",
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