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Non-Tech : Kirk's Market Thoughts
COHR 132.66+0.6%10:22 AM EST
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Sr K
To: robert b furman who wrote (14796)11/7/2022 10:12:39 AM
From: Kirk ©1 Recommendation  Read Replies (1) of 26393
 
It should go to the US Treasury as would the funds from selling any US asset or collecting fees.

180M barrels x $90 / barrel is $16,200M or $16.2B.... a small offset compared to the roughly $400B charge he took for the Department of Education to pay student debt in the final month of FY22.

I wonder where the SPR release moneys go?

Do you know why the US didn't fill the SPR back when the prices were negative and Trump suggested doing this?

institutionalinvestor.com.
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