"John T" wrote in message
...
"Dylan Smith" wrote in message
The Strategic Oil Reserve is crude oil. With 6 major refineries
currently shut down due to Katrina, releasing that reserve doesn't
really do much if the shortage is now in refining.
There are refineries in operation. The SPR release is to help offset the
dropping offline of nearly 25% of our domestic crude production (Gulf
rigs). My understanding is much of the SPR crude is going to midwest
refineries to keep them running.
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John T
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There is more refining capacity offline that production capacity. Releasing
crude from the SPR will do nothing.
Mike
MU-2