What Is The Strategic Petroleum Reserve (SPR)?

[@EKTInteractive]

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[@mutombkabamb8470]

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[@jimmorris5700]

It’s about 25/30 days of oil in case of total break of oil production . A desperate measure for desperate times .

[@EKTInteractive]

I thought this was an interesting comment about the current SPR use: “The SPR was clearly intended to offset such economic risks from severe price spikes due to foreign supply disturbances. The Russian war on Ukraine fits that description even if the oil price may not yet be frighteningly high in real terms.” Alan Reynolds - Sr. Fellow, The Cato Institute

[@jimmorris5700]

@@EKTInteractive about as useful as a weeks salary in case one loses one job lol 😂

[@EKTInteractive]

Oil analyst Javier Blas on current oil prices and the SPR: The WTI crude oil forward curve has moved now fully into the White House's SPR purchase territory, with futures for 2024-25 trading in the $67-$72 range that the Biden administration said it may trigger purchases to replenish the Strategic Petroleum Reserve twitter.com/JavierBlas/status/1594737482654191617

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[@EKTInteractive]

ektinteractive.com/what-is-the-strategic-petroleum-reserve/

[@doparada2347]

when will USA start to import petroleum from Latin America unite americas promote El Salvador with cryptocurrency US Reserves needs to take lead with Canada Alaska South America Central America with Oil Imports to US, refineries, distributors, resellers stop all imports from OPEC Texas California Mexico needles this oil to come primarily from Latin America, specifically Venezuela and its neighbors and we can sanction and promote their economies, it’s a mutual trade and promote their products primarily with within all of americas