Cog wrote:That is not the purpose of selling off part of the SPR. Wapo is fake news. People who quote them have an agenda.
Cog wrote:That is not the purpose of selling off part of the SPR. Wapo is fake news. People who quote them have an agenda.
Revi wrote:I agree. It would help to keep business as usual running for a while, but once it's gone we lose that buffer.
Revi wrote: It's going to be a bumpy ride from here on in.
revi wrote:
Interesting that a lot is for the military, so once we sell off half of it we really don't have a domestic strategic petroleum reserve. If it's martial law then the military gets all of it. Great...
Revi wrote:We are piling up an extra trillion in debt per year, so this 16 billion is just a small drop in the bucket towards that. I wonder what the real reason is for selling it?
ROCKMAN wrote:Adjusted for inflation and including the construction cost the govt says the current cost is around $76/bbl if my memory is good. Which does not include the interest on US bonds that financed the SPR.
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