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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (179695)9/19/2022 2:28:40 PM
From: rdkflorida2  Respond to of 207797
 
From memory, Sept. 2020, 11.3 Million barrels per day. 2022 "average" 11.8 Million barrels per day. Bureau or Land Mgmt. figures. 2023 estimates to be close to 13 Million. "Slowly catching up" to demand. RDK



To: robert b furman who wrote (179695)9/19/2022 2:39:24 PM
From: rdkflorida2  Read Replies (3) | Respond to of 207797
 
Strategic reserve declined every year under Trump. AND that included when he and Repubs controlled the Senate AND house. He did nothing until 2020 when he was on his way out. During the previous years Trump kept saying the reserve was empty and he "filled" it. As usual total bullsh*t from Trump. When Trump left office the reserve was much lower than when he came in. So the FACT is Trump had a chance to add to the reserve when the Repubs controlled the govt. So I repeat, "U.S. production" i.e. "supply" is now UP and "slowly" catching up to demand. RDK



To: robert b furman who wrote (179695)9/19/2022 2:53:46 PM
From: rdkflorida2  Respond to of 207797
 
One more thing Bob, I seem to remember Trump selling oil to the Chinese. Do a google search.



To: robert b furman who wrote (179695)9/20/2022 11:27:42 AM
From: wavecounter  Read Replies (1) | Respond to of 207797
 
Bob,

What actually happens with the SPR? Who buys it from the government? Can that relatively small amount of crude really affect the overall price of crude/gasoline, as it appears to be doing now?

My understanding is that the SPR is sour crude which can only be processed by a small number of refineries capable of handling sour crude???

WC