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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (115866)	12/28/2008 5:15:10 PM
From: cyesp	11 Recommendations Read Replies (1) \| Respond to of 206087

Elroy - we don't "buy oil" for the SPR. Since Nov 2001 we take the government's share of royalty oil in kind from OCS federal leases for storage.

To: Elroy Jetson who wrote (115866)	12/29/2008 8:50:01 AM
From: kollmhn	8 Recommendations Read Replies (1) \| Respond to of 206087

You said: "..insisted upon filling the Strategic Oil Reserve at an average price of $132 a barrel." Maybe you'd like to revise your remark since it is clearly false. Agreed, the average price under Bush' term was not $29/bbl. But, then, GW's admin. is not the only one that stored oil there. It's been around since 1975. And, yes, the average price paid to fill the SPR is $29/bbl, not $132/bbl. chron.com futures.tradingcharts.com