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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (14796)	11/6/2022 10:17:52 PM
From: Sdgla	Read Replies (1) \| Respond to of 26384

Difficult to assess.. probably to the US Treasury. The ccp purchased a large % of those reserves so is it fair to say 10% went to the big guy ?

To: robert b furman who wrote (14796)	11/7/2022 10:12:39 AM
From: Kirk ©	1 Recommendation Recommended By Sr K Read Replies (1) \| Respond to of 26384

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.