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Re: rooster post# 396993

Monday, 01/10/2022 5:29:24 PM

Monday, January 10, 2022 5:29:24 PM

Post# of 577519
I where he said it...


The Strategic Petroleum Reserve has the capacity to store up to an additional 77 million barrels of oil, a Department of Energy official said, after Trump spoke. The official did not immediately comment on how fast the oil would be purchased for the reserve which currently holds 635 million barrels.

https://www.reuters.com/article/us-health-coronavirus-usa-oil-idUSKBN210369




However, I don't see your link to where it was ever done. There was less oil in there in October, than there was when he announced that they would fill it up. The reserve has "a combined authorized storage capacity of 714 million barrels, according to the Energy Department." https://www.cbsnews.com/news/strategic-petroleum-reserve-explainer-oil-gas

It's kind of like "Infrastructure Week" which was itself like Groundhog Day.




On Tuesday, November 23, the White House announced plans to make 50 million barrels of crude oil available to the market through a combination of exchanges and accelerating previously announced sales. With these sales and several other legislated drawdowns, SPR inventories could decline from 618 million barrels (as of October 1, 2021) to about 314 million barrels by the start of the 2032 fiscal year, the lowest level since March 1983. The Infrastructure Investment and Jobs Act, passed earlier this month, includes a provision to draw down 87.6 million barrels of crude oil from the U.S. Strategic Petroleum Reserve (SPR) in fiscal years (FY) 2028 through 2031.

https://www.eia.gov/todayinenergy/detail.php?id=50476


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