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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 55.38-1.2%Jan 14 4:00 PM EST

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To: rdkflorida2 who wrote (179697)9/19/2022 5:26:44 PM
From: riptorn  Read Replies (1) of 207820
 
actually, your 'FACT' answer does bring up some more disturbing issues.

Milley actively controlling, etc.

Energy dept. 'governmenting' a Presidential request or worse ignoring.
if a repub can ever get elected, some major agency audit/overviews need to occur.
the difference between levels of SPR made by Forbes look to be accounted for on their own page(dept of energy) --- mainly to offset costs in different bills?

Past Sales
  • FY 2020 Mandated Sales: 9.85 million barrels
  • FY 2019 SPR Modernization Sale: 4.2 million barrels
  • FY 2019 Mandated Sales: 10.87 million barrels
  • FY 2018 SPR Modernization Sale: 4.74 million barrels
  • FY 2018 Mandated Sales: 14.17 million barrels
  • FY 2017 Mandated Sales: 10 million barrels
  • FY 2017 SPR Modernization Sale: 6.28 million barrels
  • Mandated Sales
    Beginning in 2015, the debate over whether the SPR storage balance was too large given the evolving nature of U.S. oil production, consumption, and net imports resulted in Congress mandating the sale of SPR oil. The sales revenue accrued through SPR sales was allocated to a variety of uses; however, energy policy, or security, was not among them.13
    The legislation that mandated SPR oil sales includes the Bipartisan Budget Act of 2015 (P.L. 114-74), the FAST Act of 2015 (P.L. 114-94), the 21st Century Cures Act of 2016 (114-255), the 2017 Tax Revision (P.L. 115-97), the Bipartisan Budget Act of 2018 (P.L. 115-123), the Consolidated Appropriations Act of 2018 (P.L. 115-141) and the America’s Water Infrastructure Act of 2018 (P.L. 115-270). Broadly considered, this legislation requires oil to be sold from the reserve over the period FY2017 through FY2027.
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