With oil prices this low, why aren’t we buying up for the strategic reserve?

I think that they are — friend posted it. I’ll see if I can find it.

ETA ok I was wrong but here you go.

Just sharing what my friend shared
Her husband is a petro engineer. I have no idea about reliability of this.

Pelosi and Schumer

Democrats hate oil.

But muh be prepared for any crisis.

We can always invade the Caucasus if we need some oil

I would not mind the Government buying a couple trillion dollars worth.

Then selling in 30 months at a profit to offset some of the stimulus.

Question for the O&G folks: is the SPR limited to what types of oil it can accept? (In terms of actual types it can hold, that is)

Very good question and more than likely yes. You can’t mix certain crudes together and all crudes are different. You certainly would purchase says Middle East crudes over stuff out of Venezuela, Russia, or Egypt

quote:

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what types of oil it can accept?

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It holds both sweet (low sulphur) and sour (higher sulphur) crude oils of many different types both domestic and foreign.

Many different crude oils are commingled (combined) in storage into the two broad categories.

Everything you want to know about SPR crude oils...

LINK