Not true

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Not true

TB — 4/16/2008 3:03:41 AM (archived)

The SPR oil in recent years (since about 1999) is oil that's delivered to the government in lieu of royalty payments on Federal leases in the Gulf of Mexico. I don't know the details about how the values are worked out.

The average price paid over time for SPR oil has been about $30 a barrel.

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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