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Strategic Petroleum Reserve has capacity for another 160 million barrels. A proposed reserve storage in Mississippi was never built, but could be.

Time to fill them up!

Time to create new reserve. And time to create a strategic reserve for refined products.


Use some of that stimulus money for long term infrastructure needs.

Assuming they had plans at the ready and shovels as well, I'm all I favor of it.

Also with that, I'd be looking at things like increased water reservoirs across the country. Those are things that never get expanded when, considering future climate possibilities, they'd be highly useful. I remember when I worked in DE in the late 90's we had water shortages galore but there hadn't been any water reservoir improvements since the mid '50's and the population in DE had grown exponentially since then.

Problem going to be, though, is finding workers to do all of this work - we don't really have all that many people qualified construction-wise to do all of these things.

dbackjon wrote: ↑Mon Apr 20, 2020 1:23 pm Strategic Petroleum Reserve has capacity for another 160 million barrels. A proposed reserve storage in Mississippi was never built, but could be.

Time to fill them up!

Time to create new reserve. And time to create a strategic reserve for refined products.


Use some of that stimulus money for long term infrastructure needs.

I would be stunned if this congress and president could pull that off... actually execute a plan
Does it make sense - fuck yeah
will the greatest nation on earth act like an adult and make it happen - not likely

There's plenty of wasteland west of the Appalachians to use for this reserve.

HMM

Any body else ‘member that time some politician profited from the selloff of US petroleum reserves to Big Oil?

Navy Crude anybody?

I ‘member


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89Hen wrote: ↑Mon Apr 20, 2020 3:22 pm There's plenty of wasteland west of the Appalachians to use for this reserve.

Agreed. We should use the entire State of Oklahoma for it. Just dig a giant underground pit for it. That state is decimated by tornadoes anyway so doing underground reserves makes sense there.

CID1990 wrote: ↑Tue Apr 21, 2020 3:05 am HMM

Any body else ‘member that time some politician profited from the selloff of US petroleum reserves to Big Oil?

Navy Crude anybody?

I ‘member


Sent from my iPhone using Tapatalk

I give up....who was it? I couldn't find it on the internet.

Do we really need to? Aren't we constricted by the refinery output?
If so, it would be like expanding the seating capacity of a restaurant without expanding the kitchen.

mainejeff wrote: ↑Tue Apr 21, 2020 5:24 am

89Hen wrote: ↑Mon Apr 20, 2020 3:22 pm There's plenty of wasteland west of the Appalachians to use for this reserve.

Agreed. We should use the entire State of Oklahoma for it. Just dig a giant underground pit for it. That state is decimated by tornadoes anyway so doing underground reserves makes sense there.

What about all the earthquakes?

CAA Flagship wrote: ↑Tue Apr 21, 2020 5:41 am Do we really need to? Aren't we constricted by the refinery output?
If so, it would be like expanding the seating capacity of a restaurant without expanding the kitchen.

It is more of a buffer for down the road. Since oil is cheap now, might as well buy low and fill it to the brim.

The constraint would be getting it out of the reserve - it would take weeks to empty it.


The second part is to establish a refined reserve (gasoline, etc) that could be done while refineries aren't working at capacity.

It makes sense to fill it up which is probably why the democrats voted against it here earlier this month.

Winterborn wrote: ↑Tue Apr 21, 2020 11:32 am It makes sense to fill it up which is probably why the democrats voted against it here earlier this month.

Link?

If so, dumb move by them. Would like to know the reasoning

dbackjon wrote: ↑Tue Apr 21, 2020 11:39 am

Winterborn wrote: ↑Tue Apr 21, 2020 11:32 am It makes sense to fill it up which is probably why the democrats voted against it here earlier this month.

Link?

If so, dumb move by them. Would like to know the reasoning

found it...

https://www.rollcall.com/2020/03/25/oil ... -stimulus/

Of course now it would be even cheaper to do so. But short-sighted on the Dems part

Is the National Review reading cs.com?

https://www.nationalreview.com/corner/c ... m-reserve/

Note - I had called for filling it up last month as well

dbackjon wrote: ↑Tue Apr 21, 2020 10:37 am

CAA Flagship wrote: ↑Tue Apr 21, 2020 5:41 am Do we really need to? Aren't we constricted by the refinery output?
If so, it would be like expanding the seating capacity of a restaurant without expanding the kitchen.

It is more of a buffer for down the road. Since oil is cheap now, might as well buy low and fill it to the brim.

The constraint would be getting it out of the reserve - it would take weeks to empty it.


The second part is to establish a refined reserve (gasoline, etc) that could be done while refineries aren't working at capacity.

You think just like Trump!

When it came out OPEC was going to glut the market because Russia refused to lower production, Trump instructed to buy at low prices and fill the Reserve.