The US Is Exporting Like Mad as Global Oil Stocks Deplete at a Record Pace
Peak Prosperity
Chris Martenson
4.7 • 591 Ratings
🗓️ 14 May 2026
⏱️ 16 minutes
🧾️ Download transcript
Summary
The US continues to export its wealth in the form of oil and gasoline and other energy products. We’re eating our seed corn. When that ends, the price spikes will be extraordinary and cause a lot of economic damage.
Transcript
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| 0:00.0 | The following is the audio version of a video released at peak prosperity.com. |
| 0:05.0 | Visit peakprosperity.com to watch the video and to find other insightful content, |
| 0:09.8 | such as articles, discussion forums, and exclusive subscriber-only content. |
| 0:16.4 | The United States has been pursuing the bold but very risky strategy of selling off its oil |
| 0:22.1 | to the rest of the world to help keep prices down. The jig is almost up. |
| 0:35.0 | Hello, everyone. I am Dr. Chris Martinson, founder of Peaketeprosperity.com and the creator of the crash course. |
| 0:41.4 | It's both a viral video series as well as a bestselling book that connects energy, the economy, and the environment. |
| 0:47.5 | I'm an information scout. I separate fact from fiction and I bring you actionable information that you can't afford to live without. |
| 0:54.5 | Now, let's get to today's presentation. |
| 0:57.3 | The United States has been eating its seed corn. |
| 1:00.5 | Old saying, it's like spending the principal balance of your bank account when you're |
| 1:03.8 | trying to live off of the interest on your savings. |
| 1:05.8 | Not a wise thing to do. |
| 1:07.7 | The International Energy Agency, the IEA today, said global oil stocks are depleting at a record pace, which, of course, they have been. And supply losses, obviously, disruptions due to the flows of disruption flows from the Strait of Ramoos. Keep mounting. producers and consumers are responding to the market signals, but prices have been too low to really have a demand destruction yet. |
| 1:32.2 | With, quote, Atlantic crude oil export surging. |
| 1:35.8 | That is a euphemism for the United States selling its seed corn and producing it out there. |
| 1:43.1 | We just got in our most recent estimates, oh, not estimates, but the EIA's additions for how much oil the United States consumed last week. |
| 1:53.5 | And the numbers are in now, as of this morning, on the 13th of May. |
| 1:57.9 | And they say here, crude oil inventories were down 4.3 million barrels. They |
| 2:03.5 | were only forecast to drop by 2.45 million barrels. That's a big miss. Nearly 2 million |
| 2:07.7 | barrels more, but that's just commercial inventories. We also have a strategic petroleum reserve, |
| 2:13.3 | the SPR. When we include those last week combined, we were down 12.9 million barrels. Out the door, |
... |
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