We have a Strategic Petroleum Reserve in this country housing over 700M barrels of oil – enough to keep our economy running for one to two months if imports were severely impeded (think: global war).

30M barrels of this oil has just been ordered released, in conjunction with 30M barrels from other countries’ reserves.

I want to point out the analysis of actuary Gail Tverberg. I enjoy her blogging on finite-resources issues, and you should too.

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