Re: Tapping the Strategic Petroleum Reserve
Unless I'm mistaken, the SPR is quite capable of making up for the 1.4 million bpd shut in due to Katrina, it has a maximum withdrawal rate of 4.3 million bpd. However, the refineries that could use it because the Gulf of Mexico production being shut in are also shut in because of Katrina. No, we have a definite refinery bottleneck that negates anything that the SPR could possibly produce. We're screwed, big time. Look for $4 a gallon gasoline in the higher priced areas by this weekend.
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