Off-Topic: The National Stockpile
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Name:
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MartiniMan
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Subject:
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The National Stockpile
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Date:
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3/31/2020 8:36:16 AM
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Right. And the current price of crude is around $20 per barrel which is the lowest since 1998 and the only time it was lower was in 1947. And if you adjust the current price to 1998 or 1947 dollars it is the lowest since it was recorded. In short, it is the perfect time to top off the National Strategic Reserve which is currently around 630 million barrels. The Reserve has a capacity of around 800 million barrels which is probably close to 2 months of supply assuming no other sources are available.
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