US announces another drawdown of Strategic Petroleum Reserve before December 1st
PoliticsOne-OffCommoditiesUS PoliticsGeopoliticsMacro & Economy1moManifold MarketsNo KYCVerified resolution dataFairly calibratedCurrent community forecastYes 54.8%
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Play-money forecasting platform
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Updated 46 minutes ago
LaggingOct 26, 26, 12:24 PM UTCNov 30, 26, 11:59 PM UTC
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PolymarketRules
Based on official announcements of department of energy or other relevant authorities.
- President Trump authorized the Department of Energy to release 172 million barrels from the Strategic Petroleum Reserve, beginning next week.
- This will take approximately 120 days to deliver based on planned discharge rates (March 11th, https://www.energy.gov/articles/united-states-release-172-million-barrels-oil-strategic-petroleum-reserve)
- A small-ish (400 000 barrels) emergency drawdown was announced on Oct 23rd: https://www.energy.gov/articles/energy-department-authorizes-strategic-petroleum-reserve-exchange-support-fuel-supply
- Only further announcements after question creation count.
- Temporary loans of Petroleum (apparently sometimes labelled as "exchanges") count as "drawdown" as long as they result in actual reduction of the amount of stored product.
