Posted on 02/24/2015 9:21:38 AM PST by alexmark1917
I agree. We don’t need the feds spending more money than necessary. There is reason to have a reserve, but I view the current amount more than adequate.
Historical and current volume stored:
Weekly U.S. Ending Stocks of Crude Oil in SPR
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCSSTUS1&f=W
The Baltic Dry Index is testing support as we speak... Oooh, that is ugly!
The biggest cost in shipping is the fuel. Government economic meddling resulted in a bubble in oil production, which has now popped. The BDI is designed for the shipping industry and is probably the wrong tool to use far outside of that.
I’m not surprised. All this talk by Yellen that they will raise rates soon is just hot air. Things are getting worse not better.
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