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To: DustyMoment
hitting the SPR has done wonders for the price of oil in the past and has acted as a counterbalance to OPEC

The Department of Energy web site I linked above tracked EVERY sale and exchange of oil for the SPR. What you claim never happened.

56 posted on 03/10/2008 10:56:24 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

Draining the SPR might cause a tempory blip on the spot market and give a few buyers a good deal but it would do nothing to affect the price of oil as it would do nothing to increase production only consumption.
From the comments on threads like this it is clear the public has but a foggy notion of how economics works. Sad.


59 posted on 03/10/2008 11:19:02 AM PDT by count-your-change (you don't have to be brilliant, not being stupid is enough.)
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