the (most accurate) gas price guy. 20+ years on fuel prices/energy markets. BS-buster. truth & integrity are my north star. lover of econ, dogs and bourbon.
DOE still looking for buyers of 17 million barrels of the previously authorized 172 million barrel release/exchange. In May, the exchange premium was ~28%. doubtful they'll get as much this time around.
The Department of Energy, Strategic Petroleum Reserve Project Management Office (SPRPMO), located
at 900 Commerce Road East, New Orleans, Louisiana, is soliciting an exchange of up to 17,000,000 barrels
of crude oil.
#oott#