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Posted by: flyonthewallzz 5 months, 4 weeks ago

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flyonthewallzz5 months, 4 weeks ago

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http://tonto.eia.doe.gov/dnav/pet/hist/wcsstus1w.h...

There is now 722.7 million barrels of oil in the SPR.
The stated capacity is 727 million barrels.
It is 99.42% full.
On Jan 16th DOE signed a contract to buy 10 million barrels.
The contract was awarded to a disreputable company (Vitol).
Between Aug. 8, 2008 and Jan. 2nd: 5.4 million barrels where released from the SPR.
Price at the pump went from $3.81 to $1.61, and hit $2.22 on election day
Between Sept. 2, 2005 and Nov 4 (election day): 16 million barrels wher released from the SPR and gas went from $3.07 to $2.37
When the price of a barrel hit $100.00 we continued to fill the SPR at a average rate of 386,000 barrels per week. And gas went from $3.26 to a high of $4.11.
From Nov. 7, 2008 till Jan. 2, 2009 an average of 1000 barrels per week was released, and gas went from $2.22 to $1.61.
Since Obama has taken office the SPR has been filled at an average rate of 943,000 barrels per week, and gas has gone from $1.84 to $2.70.
During that time there was some reduction in the amount stored in industry tank farms, but now they are holding a greater capacity than ever before.

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