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To: thackney

Imagine, if you will, WW III and OPEC (and other enemies)cut off all oil supply to the US. How long before we starve our “emergency” resources?


5 posted on 12/28/2011 6:28:55 AM PST by yobid (Si vis pacem, para bellum, If you wish for peace, prepare for war)
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To: yobid

The Strategic Petroleum Reserve (SPR) currently has 695.9 million barrels of oil in inventory.

http://www.spr.doe.gov/dir/dir.html

Our OPEC imports have fallen to about 4 million barrels per day.

http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRIMXX2&f=M

This is close to the maximum withdraw capacity of 4.4 million barrels per day of the SPR.

http://www.fe.doe.gov/programs/reserves/spr/spr-facts.html

So... about 174 days supply. But before that would run dry, you would see some other significant changes on the world oil market. Could OPEC really afford to give up a $2.8 Billion a week for nearly half a year? Would they try to sell to others freeing up other sources, say from Russia, Brazil, etc that would allow us more imports from other sources on a short term basis?

In my opinion, OPEC could not survive the $70 Billion required to wait us out.

In addition, we currently have over 200 million barrels in commercial storage scattered around the nation, much already at refineries.

http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRSFUS1&f=M


11 posted on 12/28/2011 6:50:42 AM PST by thackney (life is fragile, handle with prayer)
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