Friday, December 16, 2011

Releasing from our strategic oil reserves? How big of a drop in cost for us?

Well that's why it depends on how it's administered. He was saying he basically wants to put it into the system at a guarantee it'll be used at a lower price. So it could be substantial if it works that way maybe 25 cents for a few months. Otherwise not really since we use more than 80 million barrels a day and the reserve amount he's talking about is only 70 million.

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