We haven't heard much about oil reserves lately. I'm sure everyting's fine.

Remember a little over three weeks ago when we ran a post about CNN's report on the oil reserves in Cushing, Oklahoma. We used this as an example of how highly important aspects of a major news story like the war in Iran, while not ignored, are covered only sporadically, while relative trivia runs constantly.The CNN article was very good, but in the weeks that followed, other news organizations largely ignored it. Week after week, non-stories, often involving some unsupported and highly unlikely claim from the White House or yet another analysis of the quagmire, ran constantly at the top of the fold in the New York Times and its competitors.Unless you were making a concerted effort to dig into the numbers, you could easily get the impression that an uptick in traffic through the Strait of Hormuz and other measures had brought the world's oil supply, if not back to where it had been, then at least well out of the danger zone.You would be wrong.From the Financial Times:The International…