[shove_it]

“In response to the GAO’s recommendation, the Energy Department said a broader, long-range review of the Strategic Petroleum Reserve is needed, rather than a study focused only on the size of the emergency stockpile.”

http://fuelfix.com/blog/2014/10/23/senator-time-to-rethink-our-emergency-oil-stockpile/

Of course it would mean more jobs but any number of three letter Fed Govt Agencies will stop at nothing to stonewall any attempt to repeal the ban on domestic crude exports. That’s why I say a veto-proof, strong bi-partisan bill to repeal must be crafted to pass the Senate and shove_it up 0bama’s youknowwhat.

[thackney]

Because a surge of domestic oil production has pared the United States’ reliance on foreign crude, the country may not need to stash as much away in the Strategic Petroleum Reserve, Wyden, D-Ore., said in a letter to Energy Secretary Ernest Moniz.

I suspect, Democrat Moniz is more concerned with the possible spending available from selling more oil out of the SPR.

When the SPR was first created with the 1975 Energy Policy and Conservation Act, The US was importing ~4 million barrels a day. Today we import over 7 million bpd. I do not see reasoning to reduce it.