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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: jttmab who wrote (207811)	11/6/2006 8:27:39 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 281500

Wow; I had the first post of the day over there. Let's see what I get back.

To: jttmab who wrote (207811)	11/6/2006 10:11:52 AM
From: TimF	Read Replies (2) \| Respond to of 281500

This could open a can of worms ... if oil companies actually purchase the oil and the oil is set at market price that would suggest that the SPR is making [or can make] a profit. I don't see the SPR making a profit as a bad thing. If it makes a profit it means it is buying when oil is cheaper/more available, and selling when supplies are tighter. Seems to be good all around to me. Of course it can also make a loss, which not only looses money for the treasury, but also means your taking oil off the market when its more expensive and putting it back on when its cheaper, which would tend to make the price swings more extreme.