More on the Strategic Oil Reserve,

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More on the Strategic Oil Reserve,

Bowser — 4/16/2008 2:41:56 AM (archived)

"US Senate Panel To Review Strategic Oil Reserve Policies."

"Despite oil prices hovering in the $90-$100 a barrel range, hitting new nominal highs in the past week, the Department of Energy is planning diversion of 125,000 barrels a day of crude oil from the open market into the rainy-day stockpile at the May-September height of the peak summer oil-demand season.

"The planned shift of more than 4 million barrels during May alone would be the biggest injection into the SPR since March 2005 and precedes what government forecasters expect to be a 22-month high in refiner demand for crude oil in June. The moves are part of the Bush administration's strategy to fill the SPR to its 727-million-barrel capacity by the end of 2008. Currently, the reserve holds 698.6 million barrels of crude in underground salt caverns along the Gulf Coast."

The whole thread (27 posts)

"McCain calls for a summer 'gas-tax holiday'" - Bowser - 4/15/2008 4:13:57 PM
- And what about all the other tax and other proposals? - TB - 4/15/2008 9:26:59 PM
  - More on the Strategic Oil Reserve, - Bowser - 4/16/2008 2:41:56 AM
    - re: More on the Strategic Oil Reserve, - TB - 4/16/2008 3:16:40 AM
      - That is illogical. At best. Makes no sense at all. (n/t) - Bowser - 4/16/2008 3:42:42 AM
        
        Look at it this way: - podrock - 4/16/2008 4:20:49 AM
        
        "- - - divert 125,000 barrels a day of crude oil from the open market - - - " - Bowser - 4/16/2008 5:13:00 AM
        
        Sorry, your premise was "subsidy." - TB - 4/16/2008 3:41:11 PM
        
        An overstatement. Now, about that $30/barrel average. - Bowser - 4/16/2008 7:43:52 PM
        
        Anybody else who couldn't follow that? - TB - 4/16/2008 4:01:53 AM
  - Strategic Oil Reserve - Bowser - 4/15/2008 10:45:41 PM
    - Not true - TB - 4/16/2008 3:03:41 AM
- Please explain... - Robert - 4/15/2008 6:24:51 PM
  - That's partially it. - Bowser - 4/15/2008 7:52:21 PM
    - About this point... - TB - 4/15/2008 8:16:43 PM
      - Have you driven in California lately? I have. - Bowser - 4/15/2008 9:19:54 PM
        
        Hey, I live there. - TB - 4/15/2008 9:43:04 PM
        
        Good for CA (Oregon still needs help) - dtb - 4/16/2008 1:21:32 AM
        
        Transit in Oregon. - Bowser - 4/16/2008 2:35:27 AM
        
        Light rail limitations - dtb - 4/16/2008 1:56:17 PM
        
        Portal-to-portal buses for the elderly and infirm in PDX. - Bowser - 4/16/2008 2:59:58 PM
        
        re: Portal-to-portal buses for the elderly and infirm in PDX. - dtb - 4/16/2008 5:23:36 PM
        
        Absolutely correct. - Bowser - 4/16/2008 5:36:06 PM
      - For the record, I agree that this is just another stunt. Like the rebate checks. (n/t) - TB - 4/15/2008 9:07:29 PM
        
        Yep, I'm afraid so. This one is a bit more dangerous, maybe. (n/t) - Bowser - 4/15/2008 9:20:58 PM
- Please explain... - TB - 4/15/2008 5:48:40 PM
  - Gas touches EVRYTHING - carl - 4/15/2008 8:57:32 PM

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