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To: thackney

Strategic Reserves?


5 posted on 06/30/2008 8:41:07 AM PDT by Ben Ficklin
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To: Ben Ficklin
But we are not withdrawing from our reserves.

If they are talking about the amount going into the SPR, that has been 36.7 thousand barrels per day for the last couple months.

http://www.spr.doe.gov/dir/dir.html

For a comparison, the average petroleum use for the US declined an average of 1,143 thousand barrels per day over approximately the same period.

http://tonto.eia.doe.gov/dnav/pet/hist/mttupus2m.htm

So the decrease in US consumption is 30 times larger than the amount going into the reserve. If that was the claim, it is obviously BS.

11 posted on 06/30/2008 8:53:42 AM PDT by thackney (life is fragile, handle with prayer)
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