Friday, October 02, 2026

Facts:

Fact: The strategic military weapon reserves has been depleted.
Fact: The notional strategic oil reserves are being pumped.
Fact: Now the strategic diesel reserves are being pumped.
The Group of 7, which includes Britain, France and Japan, announced the release of 100 million barrels over four months, effective immediately.
The New York Times
By Lisa Friedman and Rebecca F. Elliott
Oct. 2, 2026


The world’s wealthiest industrial nations agreed on Friday to release diesel from their reserve stockpiles to help ease a growing crisis over record-high prices driven mostly by the war in Iran.

Under the plan, the Group of 7 nations — the United States, France, Italy, Germany, Japan, Britain and Canada — will release 100 million barrels of diesel and crude from their strategic stockpiles over the coming four months. That is equivalent to around one day’s worth of global oil demand. The effort will be coordinated by the International Energy Agency.

Calling the plan “decisive, coordinated measures to stabilize immediate energy supplies” and curb price spikes, the Group of 7 nations said in a statement that they also will make a “substantial” release of diesel within 20 days.
Tell me... as war carries on and on and on, and the reserves are all use dup... then what?

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