Rodent + 1,424 February 8, 2018 Budget deal congress reached yesterday calls for the sale of 100 million barrels of SPR between 2022 and 2027. Hope the prices are high enough to at least break even! Quote Share this post Link to post Share on other sites
Missy + 43 MM February 8, 2018 Breakeven? I hope we don't need it in bad times. This is meant to be a cushion--a stockpile on which to draw if times get tough. This is a really bad idea. We may need this someday. Stop using reserves to fund big government. Quote Share this post Link to post Share on other sites
Seleskya + 50 AS February 8, 2018 ha! gotta pay for the military parade somehow  We're in a supply glut, so I'm sure the reserve will be replenished. Quote Share this post Link to post Share on other sites
TraderTate + 186 TS February 8, 2018 I think they're voting on this later today, but it's not anything new. Happens all the time. No big deal during a glut. Quote Share this post Link to post Share on other sites
Rodent + 1,424 February 8, 2018 21 minutes ago, TraderTate said: I think they're voting on this later today, but it's not anything new. Happens all the time. No big deal during a glut. I don't think it happens all the time, and certainly not to this extent. This is what I found on the sales/releases: 2014 March: Test Sale - 5 million barrels 2011 June: IEA Coordinated Release - 30,640,000 barrels  2005 September: Hurricane Katrina Sale - 11 million barrels 1996-97 October; January; April: Total non-emergency sales - 28 million barrels 1990/91 September, January: Desert Shield/Storm Sale - 21 million barrels (4 million in August 1990 test sale; 17 million in January 1991 Presidentially-ordered drawdown) 1985 - November: Test Sale - 1.0 million barrels  And as for how much reserves we have... it's below last year's 12-year low. So glut or no, our reserves are low  Quote Share this post Link to post Share on other sites
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