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To: MeneMeneTekelUpharsin

Sorry, this is a total croc. There is not enough oil in the strategic reserve to impact prices one penny.

Google around yourself.

Daily global oil consumption is about 87 million bbl / day.

Strategic reserve is about 727 million bbl.

Which would supply the world for only 8 days.

Also, if you prefer something subjective, check old news stories around the time when gas prices are through the roof.

There’s always at least one dummy recommending a release of reserves to help the price and the answer is always no.

Because....


56 posted on 10/20/2014 11:11:02 AM PDT by fruser1
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To: fruser1

The SPR is only physically capable of pushing out 4.4 MMBPD. It isn’t capable of being emptied in a few days.

http://energy.gov/fe/services/petroleum-reserves/strategic-petroleum-reserve/spr-quick-facts-and-faqs


57 posted on 10/20/2014 11:13:09 AM PDT by thackney (life is fragile, handle with prayer.)
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