We don’t need to replace it. We have plenty of oil.BSC911,
BS !
What does it cost to replace / refill the SPR ?
How will they amortize the loss they will incur ?
Who pays the distribution & storage fees ?
What about the interest on the money/oil stocks tied up in the SPR ? Maybe we could sell a few more T-Bills to cover that; upsetting the supply & demand of M1.
Are you really that stupid or do you just think everyone else on this board is ?
But if we do replace it, wait until the price drops. Sell high. Buy low. I should be running the country.
PS. If you are worried about interest on our national debt, talk to Trump. He’s responsible for more than any other president.
PSS. The US doesn’t “amortize” losses. I don’t think you know what that word means.