[clearcarbon]

"If they were to significantly ramp up production and drive the price of a barrel of oil down to about $40/barrel, the shale development and several other processes would be too expensive to bring oil to market (at least for new ventures). "

The ideal time to top off the Strategic Petroleum Reserve.

I wonder if comrade obama has replaced any of the taxpayer's oil that he extracted from the SPR and then resold to the taxpayers.

[thackney]

The 1 million barrels Marathon borrowed last year has been replaced, but the previous 2011 sale of oil (30 million) has not.

U.S. Ending Stocks of Crude Oil in SPR
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCSSTUS1&f=M

STRATEGIC PETROLEUM RESERVE
http://energy.gov/fe/services/petroleum-reserves/strategic-petroleum-reserve