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RE: Time to Fill Up Strategic Pet Reserve?

Home Forums Refining Community Refinery News Time to Fill Up Strategic Pet Reserve? RE: Time to Fill Up Strategic Pet Reserve?

#6452

Charles Randall
Participant

Here was fairly caustic article on filling up Strategic Reserve but makes some good points.
The Government finally turned off buying for the SPR in May 2008 because crude price was over $100/bbl but no one has bothered to start it up again now that crude is back at reasonable buy ($-52/Bbl and headed $30/Bbl) again for filling barrels pulled out during Hurricane damage to USGC refineries & Platforms.
 
Don’t you think this would be good followup to push with the government (especially for some reasons mentioned in article)?
Regards

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