This type of exchange has been done several times before.
The offshore production was shut down 2~4 days. This is a reasonable request and has been done many times before.
1996 - April Pipeline Blockage, Seaway Pipeline System 900,000 bbls
1998 - August Maya Exchange 11,000,000 bbls
2000 - June Calcasieu Ship Channel Closure 1,000,000 bbls
2000 - August Establish NEHHOR 2,836,000 bbls
2000 - October Exchange 2000 30,000,000 bbls bbls
2002 - October Hurricane Lili 98,000
2004 - September Hurricane Ivan 5,400,000 bbls
2005 - September Hurricane Katrina 9,800,000 bbls
2006 - January Barge Accident, Sabine Neches Ship Channel 767,000 bbls
2006 - June Calcasieu Ship Channel Closure 750,000 bbls
2008 - September Hurricanes Gustav and Ike 5,389,000 bbls
These types of exchange are fine. It is the sales that are wrong in my opinion. The government should not sell off our reserve, but using the reserve following an interruption is appropriate.
According to the article, this oil is going to a refinery. Seems more like two days of "supply".
Yeah, scratch my #14.
My nose is just outta joint today.