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Politics : Foreign Affairs Discussion Group

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To: Wharf Rat who wrote (207737)	11/5/2006 10:04:50 AM
From: jttmab	Read Replies (1) of 281500

For acute shortages, we have the SPR. I think it has an 80 day supply. It's down to 59 days. fe.doe.gov One question I've had on the SPR that I can't find the answer to is: What obligation does a company have wrt where the refined product goes? Suppose Exxon buys sweet crude from the SPR are they required to use the resulting, e.g., gasoline in the US? I wouldn't think so. Once the oil is refined accountability is lost. They can't tell you whether a tanker of gas comes from Canada, Mexico, Saudi Arabia or the SPR. Therefore, the gas then goes on the global market. China could buy it FWIW. ... I think [guess]. jttmab

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