How many barrels of oil do you think the SPR should hold?
How many days of OPEC imports would be the “right” amount?
Don’t know the answers to your questions, but it would not surprise me to learn that Obama has announced his intention to strategically sell off some oil from the SPR right now while the price of crude is such a bargain!
Thackney ? What sayth thee ? About ?
” declining equipment costs and enhanced drilling technics more than off sets the decline in oil prices “
Sorry, that’s the best I can do from memory from the article, for I don’t have a desktop PC to minimize the page or copy and paste the quote.