PPRuNe Forums - View Single Post - Oil at $130 - Mass bancruptcies expected.
Old 14th Jun 2008, 17:28
  #6 (permalink)  
rotornut
 
Join Date: Oct 2003
Location: Canada
Posts: 1,852
Likes: 0
Received 0 Likes on 0 Posts
Yeah, let's tap into strategic reserves, so grandma can go grocery shopping in her new Escalade!
But not for long! US strategic reserve - about 700 million barrels divided by US imports @ 13 million barrels/day = 54 days supply if imports completely cut off. Poor grandma.
rotornut is offline