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[–] HomerChimpson 0 points 3 points 3 points (+3|-0) ago (edited ago)
You love the false equivalency spin, don't you. That and outright lying.
Selling half of the SPR is completely different from your claim of 'Selling all oil reserves'. The SPR and oil reserves are two very different things.
1/2 is not equal to all.
The article says absolutely nothing about the impact to costs.
Strategic Petroleum Reserve = is an emergency fuel storage of petroleum
Oil reserves = The amount of crude oil that can be technically recovered at a cost that is financially feasible.
If you have to lie in your headline, then you are spreading propaganda.
[–] MrWicked 0 points 1 point 1 point (+1|-0) ago
The budget calls for selling half the oil reserves and they have to keep 450 million barrels of oil in reserve by law. While this might artificially bump the price of oil a little I doubt it will make prices sky rocket. Putting more oil on the market should lower the price if you subscribe to the supply and demand theory.
[–] OneNutWonder ago
Who needs oil when coal is making a big come back?