tag:blogger.com,1999:blog-6199410.post7280068923307996058..comments2023-12-27T08:02:59.927-05:00Comments on Energy Outlook: China Seizes Opportunity to Fill Its Petroleum Reserve. Should Others? Geoffrey Styleshttp://www.blogger.com/profile/18047970229068397492noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6199410.post-90113115664275995312014-11-28T10:43:09.782-05:002014-11-28T10:43:09.782-05:00Alex,
Selling into this market would make no sense...Alex,<br />Selling into this market would make no sense. However, a good first step would be to exchange out 100 million barrels of light/sweet from the Gulf Coast SPR for sour crude for placement in storage on the West Coast, using rented tankage. No net change in the global oil supply, so no impact on price, other than a slight compression of the sweet/sour differential.Geoffrey Styleshttps://www.blogger.com/profile/18047970229068397492noreply@blogger.comtag:blogger.com,1999:blog-6199410.post-78052188776007500782014-11-26T15:29:04.765-05:002014-11-26T15:29:04.765-05:00Geoffrey, and what do you think about the effect o...Geoffrey, and what do you think about the effect on oil price if we assume the sell of SPR to, say, 90 days of import level? 30-40-50 per barrel?<br /><br />Alex Zotin from Moscow, Kommersant-Dengi magazineAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6199410.post-51863210825887749592014-10-31T08:33:54.576-04:002014-10-31T08:33:54.576-04:00Finally someone is talking sense.
Finally someone is talking sense.<br />Anonymousnoreply@blogger.com