Hi guys,
So the strategic oil reserve is being taped 1 mil a day for 90 days. So some questions here....hope you can help. In no special order.....after a few longnecks, what's the point? lol.....
1. How much can be drawn down before you have to stop?
2. How much is in the reserve?
3. I have heard that Australia and Britain also have oil in there. Are there more countries that have some in there?
4. How long until you must replace the oil?
5. How?....Is it in the budget or do you just print more money?
6. Where does the oil come from: OPEC or U.S.?
7. How often can we do this? Every year?
8. Who is in charge of it? the President, or others also?
9. Is it US refined and kept in the U.S.?
10. Is it kept safe, say, like Fort Knox? Is it on military ground---no terrorists?
Just some thoughts and thanks in advance for your help.
God bless
the Pudd
Comments
https://twitter.com/LizAnnSonders/status/1539195742753116160
Strategic Petroleum Reserve
From: Fossil Energy and Carbon Management
Excerpts from that site:
In today's world, what is safe from predators?
Comparing with an earlier chart posted, note that was an ESTIMATE in late-June of what the SPR level may be in October. This new chart is showing the CURRENT SPR level. The remaining drawable capacity is low as the SPR would never be taken down to 0.