Repercussions for people outside New Orleans

"john smith" wrote in message
. ..
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?

No. The SPR "lends" the crude to the refiner and the refiner than replaces
it at a later date.

Mike
MU-2