Archived material Access restricted Article

Today's Front Page   View All of Mon 09/16/2019 View Sun 09/15/2019 View Sat 09/14/2019 View Fri 09/13/2019 View Thu 09/12/2019 View Wed 09/11/2019 View Tue 09/10/2019
2019-09-16 Economy
Donald Trump authorizes Strategic Petroleum Reserve to release oil
Archived material is restricted to Rantburg regulars and members. If you need access email with your nick to be added to the members list. There is no charge to join Rantburg as a member.
Posted by trailing wife 2019-09-16 01:59|| E-Mail|| Front Page|| [356 views ]  Top

#1 645m barrels. At 5m barrels a day, 129 days' worth. At 1m barrels a day, 645 days' worth.
Posted by Zhang Fei 2019-09-16 02:53||   2019-09-16 02:53|| Front Page Top

#2 "I have also informed all appropriate agencies to expedite approvals of the oil pipelines currently in the permitting process in Texas and various other States."

He, he, he
Posted by g(r)omgoru 2019-09-16 02:55||   2019-09-16 02:55|| Front Page Top

#3 ^ Thanks for last, best laugh of long, long day.
Posted by Snomolet Dingle1191 2019-09-16 03:21||   2019-09-16 03:21|| Front Page Top

#4 We endeavor to serve
Posted by g(r)omgoru PB 2019-09-16 04:12||   2019-09-16 04:12|| Front Page Top

#5 Fine. Get expensive imported oil out and refill with cheaper domestic oil, prop up fracking industry at the same time. All good.
Posted by M. Murcek 2019-09-16 07:35||   2019-09-16 07:35|| Front Page Top

#6 Not sure it'll be needed, Don, but the statement should help calm the markets. Theoretically.
Posted by Bobby 2019-09-16 08:37||   2019-09-16 08:37|| Front Page Top

#7 Not sure it'll be needed, Don

Sell the $25/bbl reserves for $60/bbl.
Lock in customers that the Saudis turn away due to reduced production.
Posted by Skidmark 2019-09-16 11:56||   2019-09-16 11:56|| Front Page Top

#8 Sell the $25/bbl reserves for $60/bbl.

Are we sure it wasn’t acquired when oil was $100/bbl? But it probably is a good idea to draw down reserves anyway, given we can just ramp up production at need — reduce maintenance spending at a time when the budget contains entirely too many unnecessary running costs.
Posted by trailing wife 2019-09-16 16:56||   2019-09-16 16:56|| Front Page Top

22:48 Zhang Fei
22:45 Zhang Fei
22:21 Zhang Fei
22:09 Zhang Fei
22:08 Mullah Richard
21:57 ruprecht
21:55 ruprecht
21:43 Lex
21:39 Lex
21:03 Lowspark
20:50 Neville Grusoling2019
19:44 Lex
19:39 SteveS
19:12 Frank G
18:50 trailing wife
18:38 charger
18:38 Omolulet White7049
18:35 trailing wife
18:05 Regular joe
17:46 Phaick Uneretle6310
17:08 Clyde Dribble8052
17:08 Bright Pebbles
17:08 trailing wife
16:56 trailing wife

Search WWW Search