The SPR is nearly full.
How many days of OPEC imports do we need before it is enough?
According to the website, the SPR currently has 696 million bbl. Capacity is 727 mmbbl
The SPR is nearly full.Seems like the US Govt should be adding to the strategic reserve at this time. Don’t know if they are or not, haven’t heard.40 posted on January 13, 2015 at 2:42:05 PM EST by matthew fuller
How many days of OPEC imports do we need before it is enough?
. . . besides, we are that close to energy independence - or were, until the price drop cut into our production.Sean Hannity had a guest on today who promoted the idea of going all out to use natural gas for as much of our fuel needs as we can. He emphasized that the cost of converting a car to CNG should only be $300 (and said that the EPA regs against modifying engines were obsolete). But the point obviously is that there are ways the government could put a thumb on the scale in favor of domestic/Canadian energy production. And, IMHO, we should do it.
Imported oil isn’t as cheap as face value indicates. Our independence matters. Given that, we don't need no stinkin’ SPR.