To put this in perspective, US daily oil consumption is 18 million barrels. So a 50 million barrel release from the strategic reserve is less than a 3 day supply.
“ Of the total 32 million barrels will be an exchange over the next several months, while 18 million barrels will be an acceleration of a previously authorized sale “
“ Of the total 32 million barrels will be an exchange over the next several months, while 18 million barrels will be an acceleration of a previously authorized sale “
So it’s a single day’s supply.