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Old 02-21-2008 | 02:55 AM
  #89  
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SaltyDog
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From: Leftof longitudinal
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Originally Posted by FliFast
Why not release some of the oil from our Strategic Reserve and flood the supply side of the market ?
FF
Only about 56 import supply days in the Strategic reserve. It would have no real effect long term. Other challenges, it is also a military reserve for defense, etc. It is designed to be a last resort, not a market adjustment tool. It is unrefined and doesn't address those effects on price. If released, law requires it to be replaced. Counterproductive because US govt would then be competing again for oil. Catch 22 for market purposes.
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