[gunsequalfreedom]

Have not heard it but on FR we get people that are in positions to report stuff they have contact about. For example, when the hurricane flooded New Orleans.

On the notion of 200 million barrels of oil flooding being sufficient to so flood the market as to decrease the price of gasoline, consider the U.S. uses about 20 million barrels a day.

Whose math is better than mine? How many day supply is 200 million barrels at 20 million barrels a day?

Project back from election day, allow time for the delivery and production of the reserve oil to find its way to the gas pump, factor in how many days ahead of that are optimal to impact voting and we have an approximate idea of when we should see some action if this is actually going to take place.

[thackney]

How many day supply is 200 million barrels at 20 million barrels a day?

The maximum withdraw rate from the SPR is 4.4 MMBPD; that rate requires all 4 reserve sites flowing at maximum rate. The reserve currently holds 695.9 million barrels.

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

[thackney]

Also note the SPR would never need to supply all our oil needs at the same time. Worst case would need to supply the total amount from OPEC. A war or an embargo is not going to shut down our supply of oil from Texas, North Dakota, California, etc. We currently import ~3.8 MMBPD from OPEC.

http://www.eia.gov/dnav/pet/pet_move_impcus_a2_nus_epc0_im0_mbblpd_m.htm