Truth … 😆💯🔽 pic.twitter.com/3RFOxVdrZs
— John (@market_sleuth) August 30, 2026
It would take 56 years to fill the Strategic Petroleum Reserve with Venezuelan oil through the Venezuelan deal per mathematical simulation.
This is the upper limit. It assumes that infrastructure is already built and fully functional and that the draw is curbed significantly.
The “good news” is that, on average, it may take up to 10 years—again assuming infrastructure is ready and working properly, and that the draw is curbed significantly.
On the other hand, a fully open Strait of Hormuz may fill the Strategic Petroleum Reserve even within 3–5 years.
But things are a bit more complicated.
The major draw from the SPR is due to the Strait of Hormuz, and Venezuela cannot offset this draw. The draw so far is the fastest in U.S. history and has started accelerating instead of slowing down.
Furthermore, there are even more problems: the SPR oil draw has to slow down at some point because of the structural integrity of the caverns.
So all those simulations are very optimistic in the first place.
It would take 56 years to fill the Strategic Petroleum Reserve with Venezuelan oil through the Venezuelan deal per mathematical simulation.
This is the upper limit. It assumes that infrastructure is already built and fully functional and that the draw is curbed significantly.… pic.twitter.com/uQwpldng2A
— Data Driven Stocks (@stockdatamarket) August 30, 2026
August 30, 2026 — Trump says US will refill Strategic Petroleum Reserve using Venezuelan oil
The SPR has fallen to about 290 million barrels, a 44 year low. Trump says Venezuelan oil will be used to replenish it, but Reuters notes that the timeline is uncertain because Venezuela’s industry needs major investment and infrastructure upgrades.
August 30, 2026 — US strikes Iranian launchers near Strait of Hormuz
Brent jumped back above $90, while shipping through Hormuz remains severely restricted. Reuters reports only around five visible commodity vessels per day are currently moving through the strait, compared with its enormous normal role in global oil trade.