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Posts: 157
In response to
"
So we're going to sell 8% of the strategic oil reserve now?
"
by
spamlet
what could go wrong?
Posted by
ML (aka Iadodger)
Oct 28 '15, 09:45
we'll never need it
Responses:
fortunately our exposure to disruptions in the global oil markets are lower than they used to be due to increased domestic production. -- nm
-
znufrii
Oct 28, 09:52
1
As long as those companies are still in business becuase the global disruptions are being used to break them. -- nm
-
Will Hunting
Oct 28, 09:55
Even if we'll never need it, you don't sell at decade lows. -- nm
-
spamlet
Oct 28, 09:48
6
If it's to be sold 5-10 years from now though, maybe the prices will be much better. -- nm
-
Max
Oct 28, 09:49
5
not *that* much better... (link fixed) -- (edited)
-
znufrii
Oct 28, 09:53
It's part of the 2 year budget deal so I'm assuming it's being sold in that timeframe. -- nm
-
spamlet
Oct 28, 09:53
3
5m barrels each year 2018-2021, then 8/10/10/10 to 2025
-
Max
Oct 28, 10:00
2
That's actually better because it won't ever happen.
-
spamlet
Oct 28, 10:29
1
yeah, that's my thinking - Boehner gets to submit something that works on paper, Ryan gets the time to change it later. -- nm
-
Max
Oct 28, 10:34
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