My first question is, given the much higher cost of fuel overseas (pick any of the seas), how much of that reduction is caused by the US subsidy of releasing the strategic petroleum reserve into the domestic market. At some point, that will have to be replaced at taxpayer expense.
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The fossil fuels gurus and conservatives said that US releasing the strategic petroleum reserve into the domestic market will have negligible impact on prices.
Why do you think we need to replace all of it? With the economy getting out of oil in the long term we are not in any rush to replace it.
Jaak