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To: kellynla

I wonder what %full the reserves are at. I thought they were already at capacity.


2 posted on 04/25/2006 7:30:45 AM PDT by Echo Talon
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To: Echo Talon

They're above capacity. It's all good although this only has a PR capacity to change the market.


17 posted on 04/25/2006 7:38:17 AM PDT by Solson (magnae clunes mihi placent, nec possum de hac re mentiri.)
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To: Echo Talon

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.


49 posted on 04/25/2006 7:51:33 AM PDT by bereanway
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To: Echo Talon

According to an article last week almost every place in the world to store oil is full. I'll try to find it.


59 posted on 04/25/2006 7:59:48 AM PDT by numberonepal (Don't Even Think About Treading On Me)
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To: Echo Talon
All that information is available at the SPR website. Daily Inventory Data indicates 687.5 million barrels as of April 26, and its highest inventory was 700.7, and current capacity is 727 million barrels.
190 posted on 04/25/2006 10:06:22 AM PDT by mvpel (Michael Pelletier)
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To: Echo Talon

Yup!
Big policy shift.
"The tank is full so we won't put any more in."


225 posted on 04/25/2006 11:10:01 AM PDT by G Larry (Only strict constructionists on the Supreme Court!)
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