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Infrastructure Bill-Borrow, Print, Spend. What is the SPR?
Manage episode 316734952 series 3300103
Ryan DeMent에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Ryan DeMent 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
I am going to break down everything that you need to know about the SPR. The SPR stands for Strategic Petroleum Reserve- a system of underground tanks that hold up to 700 million barrels of crude oil reserves, or around 13% of total U.S. consumption capacity, which are used in times when there are disruptions in supplies due to natural disasters or conflicts.
The President released 50 million barrels from the SPR and now we are being told the price of gasoline is going to decrease by almost a dollar in several weeks. The one key element that the government forgot to tell us is that the oil can only be released at a rate of 4.4 million barrels per day. That is roughly 6 days of usage at our current consumption of 18.19 million barrels.
Is this a song and dance or are we going to see long-term relief at the gas pump?
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