[3eb7988a1663]

Not that the administration is trustworthy, but they recently announced that the structural floor is ~70M barrels. Which is significantly lower than other public estimates. Which strikes me as an attempt to ease the market that there is significantly more breathing room.

[anigbrowl]

That seems a bit optimistic to me. I'm no expert, but a relevant and recent examination of the physical SPR facilities (published just last month) is available at https://www.gao.gov/assets/gao-26-106918.pdf

[nxobject]

This is incredibly superficial, but that’s the most thoughtfully laid out and typeset official report I’ve read in ages.