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To: decimon

Once again the Democrats prove they have no clue about how markets establish prices - possibly because they get their money by STEALING IT!

The SPR isn’t oil in the ground. It’s inventory that has already been produced and stored.

Selling any of it reduces inventories on hand and creates a call on future production to replenish the SPR.

Both of these facts put UPWARD pressure on price.


13 posted on 07/24/2008 6:16:06 PM PDT by motor_racer (Open war is upon you, whether you would risk it or not.)
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To: motor_racer
The SPR isn’t oil in the ground.

To be technical the SPR oil actually is in the ground.

42 posted on 08/16/2008 1:36:12 PM PDT by wideminded
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