Democratic Underground - the SPR is a drop in the bucket compared to consumption.

Reply #11: the SPR is a drop in the bucket compared to consumption. [View All]

politicat

(1000+ posts) Send PM | Profile | Ignore

Mon Oct-18-04 12:55 PM
Response to Reply #6

11. the SPR is a drop in the bucket compared to consumption.

We consume about 20 million barrels of oil a day. (source: http://quote.bloomberg.com/apps/news?pid=10000103&sid=aYs9OOSqxAqE&refer=news_index)

The SPR is 700 million barrels. (source: http://www.whitehouse.gov/news/releases/2001/11/20011113.html)

That would let us run for 35 days.

Even if we release it over time, it still has to be refined, and that takes time.

The SPR is an EMERGENCY backup. We're tight, but this isn't an emergency.

An emergency is when Saudi decides they're done with us. THEN we release the SPR.

Releasing it now would be like giving someone the only anti-biotics we have in our emergency bomb shelter kit for a cold. It would waste the resource and do nothing about the overall problem.

Pcat

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Reply #11: the SPR is a drop in the bucket compared to consumption. [View All]