U.S. to suspend oil reserve shipments - GoFuckYourself.com

DateDoc · 05-16-2008, 10:50 AM

SAN FRANCISCO (MarketWatch) -- The Energy Department canceled oil shipments into the Strategic Petroleum Reserve beginning in July when the current purchase contract expires, the Associated Press reported Friday. The Energy Department will not sign contracts for new shipments of 76,000 barrels of oil a day for the six-month period beginning July 1, the news agency said. The reserve is 97% full, holding 701 million barrels of crude.

http://www.marketwatch.com/news/stor...111E5%7D&dist=
http://money.cnn.com/2008/05/16/markets/oil/index.htm

Jon Clark - BANNED FOR LIFE · 05-17-2008, 03:27 AM

Good....

Ron Bennett · 05-17-2008, 05:27 AM

76,000 barrels equates to less than 1/10th of 1 percent of the world's average daily oil usage of ~84,000,000 barrels - it's literally a drop in the whole scope of things... it won't make any meaningful difference other than to politicians.

Ron

05-17-2008, 05:46 AM

Quote:

Originally Posted by Ron Bennett

76,000 barrels equates to less than 1/10th of 1 percent of the world's average daily oil usage of ~84,000,000 barrels - it's literally a drop in the whole scope of things... it won't make any meaningful difference other than to politicians.

Ron

elections are approaching....

Spudstr · 05-17-2008, 05:47 AM

Its not going to make a damn difference that they are stopping this. 150 here we come!

Grapesoda · 05-17-2008, 08:17 AM

Quote:

Originally Posted by Jon Clark

Good....

I read in the times last year that the main reason china would not start a war with the US is strategic oil reserve. china has enough reserve for 3-4 days while the US has 30 days supply, hence no war.

I'm glad that you are so happy that our strategic oil reserve is going to drop. how's your Chinese?

05-16-2008, 10:50 AM	#1
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	U.S. to suspend oil reserve shipments SAN FRANCISCO (MarketWatch) -- The Energy Department canceled oil shipments into the Strategic Petroleum Reserve beginning in July when the current purchase contract expires, the Associated Press reported Friday. The Energy Department will not sign contracts for new shipments of 76,000 barrels of oil a day for the six-month period beginning July 1, the news agency said. The reserve is 97% full, holding 701 million barrels of crude. http://www.marketwatch.com/news/stor...111E5%7D&dist= http://money.cnn.com/2008/05/16/markets/oil/index.htm __________________

05-17-2008, 05:27 AM	#3
Ron Bennett Confirmed User Join Date: Oct 2003 Posts: 1,653	76,000 barrels equates to less than 1/10th of 1 percent of the world's average daily oil usage of ~84,000,000 barrels - it's literally a drop in the whole scope of things... it won't make any meaningful difference other than to politicians. Ron __________________ Domagon - Website Management and Domain Name Sales

05-17-2008, 05:47 AM	#5
Spudstr Confirmed User Industry Role: Join Date: Jan 2003 Location: In a Tater Patch Posts: 2,321	Its not going to make a damn difference that they are stopping this. 150 here we come! __________________ Managed Hosting - Colocation - Network Services Yellow Fiber Networks icq: 19876563

05-17-2008, 03:27 AM	#2
Jon Clark - BANNED FOR LIFE North Coast Pimp Join Date: Dec 2005 Location: 304-534-757 Posts: 9,395	Good....