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re: U.S to Sell 26 Million More Barrels of Oil from Strategic Petroleum Reserve
Posted on 2/15/23 at 1:46 pm to GRTiger
Posted on 2/15/23 at 1:46 pm to GRTiger
The sales this year might be more due to this act then:
Don't know the legal side of it that much, just know that we will likely see these forced sales from the SPR for a while to come because they are goldmines for pork and the American public has to foot the bill eventually to replenish the SPR.
quote:
The Fixing America’s Surface Transportation Act, enacted in December 2015, calls for SPR sales totalling 66 million bbls from fiscal years 2023 through 2025.
Posted the link in my other reply, but it spells out all the different acts passed on SPR sales
link to the relevant ones. not sure how many additional have been added
Don't know the legal side of it that much, just know that we will likely see these forced sales from the SPR for a while to come because they are goldmines for pork and the American public has to foot the bill eventually to replenish the SPR.
This post was edited on 2/15/23 at 1:48 pm
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