I wonder what %full the reserves are at. I thought they were already at capacity.
They're above capacity. It's all good although this only has a PR capacity to change the market.
Bush has expanded the SPR dramatically. The last I heard (and that was probably a year ago) I believe it was up to around 700 million barrels. He has grown the SPR by several hundred percent since he came into office which I think is a very smart thing. At present domestic usage rates that translates to well over a month's supply.
Given the instability in most of the crude exporting regions this build in the SPR seems a wise thing.
According to an article last week almost every place in the world to store oil is full. I'll try to find it.
Yup!
Big policy shift.
"The tank is full so we won't put any more in."