Post by
scienceguy36 on Mar 18, 2024 2:54pm
SPR refill
https://boereport.com/2024/03/18/u-s-to-return-emergency-oil-reserve-to-prior-levels-by-year-end/
Comment by
jleer42 on Mar 18, 2024 3:09pm
Hahahahahahahahaha....I had to check if it was April 1st. They are only going to add back a couple million here and there. They are couting barrels they won't remove and to be fair those were previously legislated. End of the day the SPR will still be about the same level it is now.
Comment by
Roscoe747 on Mar 18, 2024 3:30pm
That is not what the BOE Report. Article states. They will refill the SPR to 632 mmbbl from its present 362mmbbl by year end 2024, cancelling the 140mmbbl congressionally mandates 140 mmbbl sale. The $US79/bbl cap is also under discussion as well as future sales mandates.
Comment by
Roscoe747 on Mar 19, 2024 2:33pm
Maybe. Given the geopolitical environment, there may be an impetus to fill the SPR but, as always, political self-preservation trumps sound policy.