Quote:
Originally posted by Mmmm, Burger (C.J.)
There's not. There are statutory restrictions on when sales can be ordered.
But we ought to clarify one other thing. We're not "buying" oil for the reserve. Rather, we use "royalty-in-kind" payments of oil in lieu of paying federal royalties on extracted oil. While it takes the oil off the market, the government is not making actual cash payments.
Also, hte reserve is nearly full, so it's not like the "purchases" are taking too much out of the market.
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So it is free oil? Cool. Though, that seems implausible.
I thought club was saying we wanted to get to 1 billion barrels reserve in a few years and were at fewer than 700 million barrels? That seems not close to full, but maybe barrels are smaller than I think they are. like, thimbles or something.
