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To: thackney

Not as egregious as a general release to the market, but a bad precedent set treating the Strategic Reserve as a bank.


2 posted on 09/02/2012 6:48:31 AM PDT by AU72
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To: AU72
Not as egregious as a general release to the market, but a bad precedent set treating the Strategic Reserve as a bank.

They didn't set the precedent.

Following a storm, this type of exchange, X barrels now, X + premium barrels returned later has been done several times before.

In my opinion, this exchange is what the SPR was set up to do. Provide oil in a timely manner following a supply interruption. There was a lot of the Gulf Shut down due to the Isaac. No major damage and the production platforms are coming back online, but they were shut down.

8 posted on 09/02/2012 7:08:19 AM PDT by thackney (life is fragile, handle with prayer)
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To: AU72

This is kinda like borrowing from your kids piggy bank.


13 posted on 09/02/2012 8:14:48 AM PDT by ully2
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