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#15
September 2nd 05, 02:15 AM
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Mike Rapoport wrote:
If the SPR oil goes to refineries in the midwest (where the supply of crude is unaffected) how will that really help? I agree that announcing the availiiblity of SPR oil has some marginal calming effect on the markets in the immediate term, but it is not going to affect the supply of gasoline in any meaningful way. Any thoughts as to how the SPR oil will be allocated? Auction? 
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