How will this affect...

Discussion in 'Economics' started by Ivanovich, May 16, 2008.

  1. ?......Short-sell crude oil & buy gasoline and heating oil. It may put downside pressure on crude oil but the refined products should remain firmer. We'll see. :cool:
  2. Still, the halting of purchasing 76,000 barrels a day (is that right??) should put a nice dent in the trade deficit, no?
  3. The trade deficit is irrelevant. The money that would have been spent to fill the SPR can be "squandered" elsewhere. :(
  4. "The reserve is 97 percent full, holding 701 million barrels of crude."

    That's about 2 months worth for the US.
  5. You know what I'm trying to get at. Why are you giving me such a hard time on it? :(
  6. God no! You're badly assuming that government will refrain from spending that money somewhere else. :)